The Multifamily Water Assistance Program is now closed for FY2018.
The New York City Department of Environmental Protection (DEP), in conjunction with HPD and the Housing Development Corporation (HDC), is offering a water and sewer credit for eligible HPD- or HDC-assisted affordable multifamily housing projects. Eligible projects can receive a $250 credit per residential unit on their fiscal year 2018 water and sewer bill(s) on a first-come, first-serve basis (enrollment is limited).
To qualify for the credit, all three of the eligibility criteria must be met:
Rent Affordability: Average collectable rents (rental buildings) or maintenance fees (cooperatives) for the project must be affordable to households earning up to 60% of Area Median Income (AMI), using a Rent Roll, effective as of the date of application.
Use Restriction: Executed and recorded regulatory agreement or equivalent document with HPD or HDC with a minimum of 15 years remaining, restricting 100% of the residential units.
All buildings must demonstrate efficient water usage either through compliance with the Multifamily Conservation Program (MCP) or as evidenced by paying a metered water rate. Buildings that take the necessary steps to become compliant with the MCP conservation measures before the application deadline may apply. Buildings must be compliant with all applicable DEP and Water Board Regulations.
All buildings must be in good standing with the City, by demonstrating current payments, payment plans or evidence of engagement with the City to address these issues. HPD or HDC Asset Management will consider projects not current on their DEP and DOF bills on a case-by-case basis.
Projects are made up of a property or cluster of properties which are covered by the same HPD or HDC-issued regulatory agreement. Each building within an income-qualified project must meet the program eligibility rules. Buildings with less than 4 residential units may not receive the credit. There is a limit to the number of buildings that can receive the discount, which will be awarded in the order that eligible and complete applications are received. The agencies reserve the right to prioritize high-need projects should program demand exceed the enrollment cap.