Posted by: Patricia Salkin | October 5, 2008

Green Residential Building Grant Program Signed by Governor Paterson

At the end of September, New York’s Governor signed into law the Green Residential Building Grant Program, amending the Public Authorities Law to authorize the New York State Energy Research Development Authority (NYSERDA) to: (1) develop and establish standards and criteria for a new green residential building grant program, and consult existing standards and criteria, such as those established by the United States Green Building Council under its Leadership in Energy and Environmental Design (LEED) programs and the American National Standards Institute (ANSI), in developing such standards; and (2) develop and establish other standards and criteria that are necessary for the administration of the program (such as eligibility criteria, training and qualification procedures for builders and technicians, application procedures, award determinations, award levels, and inspection, documentation and compliance requirements). 

 

 

The new law further provides that: The amount of the grants will be based on a number of considerations, including the size and the type of the residential structure, but may not exceed $7,500 for one-family and two-family homes, $11,250 for residential buildings with three to six dwelling units, and $15,000 for residential buildings with more than six dwelling units. In addition to these limitations, no single owner, such as a developer of multiple qualified residential buildings who is a qualified owner, may receive more than $120,000 in incentive payments during any calendar year.

 

The program sunsets on October 31, 2013.

 
Chapter 631 of the New York Laws of 2008 (S. 8134-B).

 

 The new law can be accessed at:  http://assembly.state.ny.us/leg/?bn=S08134&sh=t


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