Mayor Adams, Governor Hochul Launch $15 Million Effort to Build All-Electric, Affordable Homes
“Future Housing Initiative” will speed up creation of 3,000 new, carbon-neutral, affordable homes
New York City Mayor Eric Adams and New York Governor Kathy Hochul launched the “Future Housing Initiative,” a new partnership investing $15 million to fast-track the creation of 3,000 energy-efficient and all-electric affordable homes in New York City. The new effort represents a significant step toward goals outlined in the state Climate Leadership and Community Protection Act (CLCPA) — including reducing greenhouse gas emissions 85 percent by 2050 and delivering 35-40 percent of the benefits of clean energy investments to disadvantaged communities — and the city’s green building goals under Local Law 97.
The Future Housing Initiative delivers on Mayor Adams’ commitments in “PlaNYC: Getting Sustainability Done” and “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” to improve the health and safety of New Yorkers through housing, including by promoting electrification and sustainability standards for newly constructed, affordable housing. Together, this work will bring the city’s affordable housing creation work more closely in line with decarbonization goals and benefit residents through lower energy costs, healthier living conditions, and more sustainable homes.
“Since day one, our administration’s north star has been connecting New Yorkers to safe, high-quality, affordable homes,” said Mayor Adams. “This new partnership will do all of that and give us the tools to do it even more quickly. In New York, we are tackling the climate crisis head-on, and I want to thank Governor Hochul for working with us to deliver the greener, cleaner, more prosperous future New Yorkers deserve.”