Description
New York Green Bank’s open‑ended solicitation seeks financing proposals that will enable the construction or retrofit of multifamily affordable‑housing projects in New York State to achieve high‑performance energy standards. The agency will provide debt‑type financing (pre‑development, construction‑to‑permit, permanent, or custom structures) ranging from $10 M to $50 M per transaction, with the goal of electrifying buildings, upgrading envelopes, and delivering measurable energy‑savings. Applicants may be property owners, developers, ESCOs, equipment manufacturers, or capital providers, and must demonstrate that the project serves low‑income households (≥ 25 % of units) and meets the agency’s high‑performance criteria. Proposals are accepted on a rolling basis and evaluated within roughly two weeks of receipt.
• Eligible projects: ≥ 5‑unit multifamily affordable housing located in NY S, targeting full building electrification or zero‑fossil‑fuel construction.
• Financing scope: loans or loan participations of $10 M–$50 M for pre‑development, construction, or permanent debt, to be stacked with other subsidies or tax credits.
• Submission: electronic only, no fixed deadline (open until 5 May 2030); contact [email protected] with “RFP No. 18” in the subject line.
• Required proposal sections: company credentials, affordability proof, project scope, financing structure, impact metrics, and market‑transformation rationale.
• Evaluation: eligibility screening followed by scoring; NYGB typically replies within two weeks.