Multifamily Water Assistance Program
The New York City Department of Environmental Protection (DEP), in conjunction with New York City Department of Housing Preservation and Development (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 2021 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. All projects over 4 units are eligible to participate in the Program; however, if a private-site project consists of more than 2,000 units, only the first 2,000 units in a project will receive credits. The agencies reserve the right to prioritize high-need projects should program demand exceed the enrollment cap.
The application period for the 2021 Multifamily Water Assistance Program has ended.
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 AMI, using a Rent Roll, effective as of the date of application. The project can have income limits higher than 60% of AMI as long as the average collected rent is affordable to those earning up to 60% of AMI.
Use Restriction: Executed and recorded regulatory agreement or equivalent document with HPD or HDC restricting 100% of the residential units and with a minimum of 15 years remaining from September 29, 2020 or the date of the contract execution, whichever is later. Projects that only have a regulatory agreement from an agency that is not HPD or HDC (i.e. HUD or HCR) are not eligible for the credit.
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.
Additional Eligibility Requirements
- Buildings with less than 4 residential units may not receive the credit. However, projects that have buildings with less than 4 residential units are still eligible to participate in the Program, but the buildings that have less than 4 residential units will not receive the credit.
- All projects over 4 units are eligible to participate in the Program; however, if a private-site project consists of more than 2,000 units, only the first 2,000 units in aproject will receive credits.
- Project: A project is made up of a property or cluster of properties which are covered by the same HPD and/or HDC-issued regulatory document.