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Applications Now Open For Funding Through

$250M Rental Building Electrification Program


New York State’s Climate Friendly Homes Fund (CFHF) program is now accepting applications on a rolling basis from qualified owners and operators of small multifamily rental buildings.

 The online application can be accessed on the CFHF homepage.

 New York State is providing $250 million through the CFHF to fund electrification retrofits in at least 10,000 units of multifamily housing that serve disadvantaged and Low-Moderate Income (LMI) communities. 

Funding is available to retrofit and upgrade existing multifamily buildings of 5-50 units

Funding awards may provide up to $25,000 per unit for eligible buildings

Conversion to heat pumps and other funded upgrades will improve energy efficiency and reduce carbon emissions associated with building operations 

Retrofits will focus on replacing older and less energy-efficient systems with all-electric, high-performance heating, cooling, and hot water heating systems

Learn more about other qualifications and approved use of funds at the CFHF homepage.

 The Community Preservation Corporation (CPC) was chosen by the State to administer the program. In order to maximize its impact and reach, CPC is partnering with Local Initiatives Support Corporation (LISC), Enterprise Community Partners, and Inclusive Prosperity Capital. In addition, local community-based organizations from across the state will provide outreach, screening and other support to the program.

 Applications for funding are now being accepted on a rolling basis. Visit the CFHF homepage to learn more and to start your application!

What Are The Benefits Of Electrifying My Building?

Electrification isn’t just important to addressing climate change and creating healthy communities, it also provides significant benefits to owners and tenants. An electrification retrofit of your building can:

Improve heating and hot water heating efficiency through the installation of highly efficient systems

Conserve energy through improved systems maintenance and greater operator control

Improve quality of life and increase comfort for tenants

Help owners avoid costly fines by complying with state and local carbon reduction goals

Align with opportunities and goals as set by New York State and the federal government to reduce carbon emissions in existing buildings


Learn more: View press release