NYS Resiliency Retrofits Program

https://www.cdli.org/howwecanhelp/nys-resiliency-retrofits-program

DETAILS

New York State homeowners may be eligible for up to $50,000 in a 50/50 loan/grant program to undertake flood mitigation measures and other climate-ready improvements to their homes, including energy upgrades.

PROGRAM DETAILS AND ELIGIBILITY

  • Up to $50,000 in a combination low-interest loan with matching grant for flood mitigation and energy efficiency and electrification improvements (main structure of the home only)

  • Loans are at a 3% simple interest rate and are payable over 5-10 years

  • Grant portion, of up to $25,000, is considered a deferred loan through the term of the loan and forgiven once the terms of the loan are satisfied

  • Homes located in Extreme Risk Areas, Floodways and Coastal Erosion Zones may not be eligible to participate and/or may require additional review

  • Homeowners choose their own properly insured and certified contractor(s)

  • Household income must be at or below 120% of HUD median income

  • No minimum credit score required

  • Primary residences only

  • Owner-occupied, 1-4 unit buildings allowed

  • Homeowner must undertake a flood mitigation measure as part of the overall home improvement.

Contact Info

Phone:

(631)-904-0985

Email:

marriola@cdcli.org

Disclosure

We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender.

Take Action

Fill Out Our Interest Form

Click Here

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