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:
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.
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Fill Out Our Interest Form