Multi-Family 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 2022 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 2,000 units of a project will receive credits. The agencies reserve the right to prioritize high-need projects should program demand exceed the enrollment cap.
The Fiscal Year 2022 Multifamily Water Assistance Program application period has ended.
*A project is defined as a property or cluster of properties that are covered under one HPD and/or HDC-issued regulatory agreement that is recorded on ACRIS
To qualify for the credit, all three of the eligibility criteria must be met:
- Rent Affordability: Average actual collectable rents (rental buildings) or maintenance fees (co-ops) for the entire project (a project is defined as all buildings covered under one ACRIS-recorded regulatory agreement or equivalent document with HPD or HDC) must be affordable to households earning up to 60% of Area Media Income (AMI), using the HPD/HDC Rent Roll Template, effective as of the date of application.
Note: For an application to be considered complete, the Applicant must complete the HPD/HDC Rent Roll Template for all buildings in the project, even the ones that are under 4 units.
- Use Restriction: ACRIS-recorded regulatory agreement, Mitchell Lama non-dissolution rider or equivalent document with HPD and/or HDC with a minimum of 15 years remaining in its restriction period:
- The regulatory agreement submitted must be the one recorded on ACRIS and include the ACRIS recording and endorsement cover page
- A minimum of 15 years from November 18th, 2021, or the date of the contract execution, whichever is later, of the regulatory period must be remaining.
- Regulatory period end dates tied solely to the repayment of an HPD and/or HDC loan will not be eligible, as the regulatory agreement will end once it is repaid and there is no guarantee that it will not be repaid in at least 15 years.
- 100% of the residential units must be restricted by the HPD and/or HDC regulatory document
- Projects that only have a regulatory document from an agency that is not HPD or HDC (i.e. HUD or HCR)
- Neighborhood Restore projects are not eligible to receive the credit.
- Buildings charged on the Multifamily Conservation Program (MCP) rate must meet the program’s conservation requirements:
- Have meters equipped with Automated Meter Reading (AMR) devices
- Have low-flow toilets, showerheads, and faucet aerators installed in at least 70% of units)
- Have separately metered commercial units that have projected annual consumption of more than 63,000 gallons annually (this is for water-intensive businesses such as restaurants, salons and medical facilities)
- All buildings billed on a metered basis are eligible.
- Buildings cannot be more than 1 quarter behind on their DEP and DOF bills or they must demonstrate that they are working with HPD or HDC Asset Management to bring the building into good standing with the City. See the Q.13 under the “Application Submission” section in the FAQs below on how to demonstrate good standing.
Note: Applicants do not need to submit current DEP bills this Program cycle. DEP will be running a point-in-time check of the project’s payment status 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 defined as a property or cluster of properties which are covered by the same HPD or HDC-issued regulatory agreement that is recorded on ACRIS. Buildings with less than 4 residential units may not receive the credit; however, rents for these buildings must be included in the HPD/HDC Rent Roll Template submitted.
How to apply?
Projects can apply for the water credit by completing the online Multifamily Water Assistance Program for Affordable Housing application by December 23, 2021.