WeVote
Log In

Bill

Bill

A 7144

Creates a revolving loan fund authority for the purpose of building renewable energy storage systems scaled to function as microgrids to power housing owned by the New York city housing authority

2025 Regular Session Introduced by Rodneyse Bichotte Hermelyn and 2 co-sponsors

Establish a revolving loan fund authority to finance renewable-energy storage that operates as microgrids to power NYCHA housing, boosting resilience and local clean energy.

REFERRED TO ENERGY
0
WeVote Research Nonpartisan
Bill Summary · A 7144

Summary of Assembly Bill A 7144

Overview

Assembly Bill A 7144 would establish a revolving loan fund authority to finance renewable energy storage systems designed to function as microgrids, with the objective of powering housing owned by the New York City Housing Authority (NYCHA). The bill is sponsored by Assemblymember Rodneyse Bichotte Hermelyn (primary) with Assemblymembers Stefani Zinerman and Karines Reyes as cosponsors. It was introduced on March 20, 2025 and referred to the Energy Committee.

Purpose and Intent

  • Create a dedicated financing mechanism (a revolving loan fund authority) to support the deployment of renewable energy storage systems.
  • Scale these storage systems to function as microgrids capable of powering NYCHA housing, thereby enhancing energy resilience and reliability for NYCHA properties.

Key Provisions (High-Level)

  • Establishment of a revolving loan fund authority focused on financing renewable energy storage projects.
  • Financing designed to enable storage systems that can operate as microgrids to serve NYCHA housing.
  • The bill would outline the governance, administration, and funding framework for the revolving loan fund, including how loans are issued, repaid, and recycled to fund additional projects (characteristic features of revolving loan funds).
  • While not detailed in the information provided, the text would typically specify eligibility criteria, loan terms, interest rates, security, oversight, reporting requirements, and interaction with existing energy programs.

Who Would Be Affected

  • New York City Housing Authority (NYCHA) properties and residents, who would benefit from more reliable and potentially cleaner power through localized microgrids.
  • Energy developers, equipment suppliers, and financial institutions participating in the revolving loan program.
  • State government and New York energy agencies responsible for program administration, oversight, and reporting.

Procedural History and Status

  • Introduced: March 20, 2025.
  • Status: Referred to the Energy Committee.
  • Legislative actions on the same date show the bill was referred to Energy (listed twice in the provided record, likely reflecting routine committee referral processing).
  • Related legislation includes S 8200 (prior-session) and A 8058, A 1235 (prior-session), with S 1331 noted as a companion bill.

Sponsors and Related Legislation

  • Primary Sponsor: Rodneyse Bichotte Hermelyn.
  • Cosponsors: Stefani Zinerman, Karines Reyes.
  • Related/Companion: S 1331 (companion in the Senate); prior-session related bills: S 8200, A 8058, A 1235.

Next Steps and Implementation Considerations

  • If advanced, the bill would require accompanying fiscal notes and regulatory detail outlining the fund’s capitalization, loan terms, eligibility, project approval process, and oversight mechanisms.
  • Upon enactment, agencies would develop the program framework, solicit applications from qualified entities (likely including NYCHA and energy developers), and begin financing projects to deploy microgrid-scale storage at NYCHA facilities.

Potential Impacts (Contextual)

  • Improved energy resilience for NYCHA housing through localized microgrids.
  • Accelerated deployment of renewable energy storage infrastructure.
  • Potential long-term benefits in reliability of power supply and alignment with climate and energy efficiency goals.
  • Economic activity around financing, construction, and operation of storage-based microgrids.

Note: This summary reflects information available from the bill’s basic metadata and does not include text-specific details on terms, funding levels, or operational provisions, which would be clarified in the bill’s full language and any fiscal notes.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.