City Agencies Announce Green Housing Program to Help Small Owners

Building on Mayor de Blasio’s “One New York: The Plan for a Strong and Just City,” the Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation recently announced the new Green Housing Preservation Program to assist owners of small to mid-sized multifamily properties across the city in undertaking energy efficiency and water conservation improvements as well as moderate rehabilitation to improve building conditions and reduce greenhouse gas emissions in exchange for entering into agreements to restrict rent.