Affordable, All-Electric and Energy-Efficient Housing Gets $15M Boost From NYC Initiative
New York City has been granted $15 million to help fund a design of construction that has all-electric, and energy-efficient affordable housing units. This is a low-income multifamily project with an initiative to demonstrate a new era of sustainable and affordable housing. The housing project is made in order to improve residents’ indoor air quality and lower their energy bills.
According to Utility Dive,
The ability to leverage both housing and energy capital is critical to get our building stock where it needs to be to meet climate goals that pass benefits down to residents in the form of resilience, health, energy savings and overall benefits to our city and state to reduce the hazards of climate change,” said HP Sustainability Solutions President Esther Toporovsky in an email.
HP Sustainability Solutions worked with HPD on the Future Housing Initiative and is an arm of the nonprofit NYC Housing Partnership that focuses on the intersection of affordable housing and environmental sustainability.
All-electric, energy-efficient housing can improve residents’ indoor air quality and lower their energy bills. Low-income multifamily households in New York City face a median energy burden — or percent of income spent on home energy bills — more than three times higher than all multifamily households, according to a 2020 report by the American Council for an Energy-Efficient Economy.
