The only GHG offsets valid for LL97 compliance are those purchased through the New York City Affordable Housing Reinvestment Fund (“AHRF”). Also known as the GreenHOUSE Fund, the AHRF is a collaboration between the NYC Department of Buildings (DOB), NYC Department of Housing Preservation & Development (HPD), and the Mayor’s Office of Climate and Environmental Justice (MOCEJ), administered by NYCEEC acting as agent for the City (“Administrator”).

The AHRF uses contributions from offset sales to fund renovations at qualifying affordable housing buildings in NYC through HPD’s Resilient & Equitable Decarbonization Initiative (“REDi”). REDi, previously known as the Retrofit Electrification Pilot, is a long-term joint initiative of HPD and the New York State Energy Research Development Authority (NYSERDA) that provides funding and technical assistance to replace combustion-based equipment with high-efficiency electric equipment in buildings that are eligible per HPD guidelines. Purchasing offsets through AHRF improves housing conditions in NYC, directly contributes to local emissions reductions, supports statewide Disadvantaged Communities (“DAC”) investment goals, and has high transparency and high accountability.