Discounted Water Rate Program
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 calendar year 2020 water and sewer bill(s).
Projects will be prioritized by lowest to highest collectable rent affordable to households earning no more than 60% of Area Median Income (AMI), as 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 (co-ops) for the entire project (a project is defined as all buildings under one executed and recorded regulatory agreement or equivalent document with HPD or HDC) must be affordable to households earning up to 60% of AMI, using a rent roll, effective as of the date of application. Note: for an application to be considered complete, the Applicant must provide the rent roll for any buildings in the project, even the ones that are under four units.
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, from October 4, 2019 or the date of execution, whichever is later.
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. Note: Applicants do not need to submite current DEP bills this program cycle. DEP will be running a point-in-time check on the project's payment status between February 1, 2020 through February 4, 202, to determine good standing with DEP. Applicants must still submit their most recent DOF bill(s) as evidence of good standing with DOF.
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 four residential units may not receive the credit; however, rents for these buildings must be included in the rent roll submitted.
There is a limit to the number of buildings that can receive the credit, so buildings will be prioritized by lowest to highest collectable rent affordable to households earning no more than 60% of AMI. The agencies reserve the right to prioritize high-need projects should program demand exceed the enrollment cap.
- Application period: October 4, 2019 - November 15, 2019
- Point-in-time chck of project's 'good standing' status with DEP: February 1, 2020 - February 14, 2020
- Applicants notified of credit award: March 31, 2020
- Credits applied to eligible projects:
- Metered projects: Next quarterly bill following March 31, 2020
- MCP or frontage projects: First calednar year bill, sent June 2020
Projects can apply for the water credit by submitting the Multifamily Water Assistance Program for Affordable Housing application. Projects must submit the completed online application, including all attachments, and, if applicable, the Additional DEP Account Form(s), by November 15, 2019.
Please select the appropriate application below for eligible HPD- or HDC-assisted affordable multifamily housing projects: