ALBANY, N.Y. (NEWS10)-- Governor Kathy Hochul announced that $200 million in funding is available through the state's two signature programs, The Downtown Revitalization Initiative and the NY Forward program. $100 million for each program will be available for revitalizing small and rural downtowns.
Since 2016, the two programs have awarded $1 billion in funding to 124 communities across the state. To receive funding from either program, those interested need to be certified under Governor Hochul's Pro-Housing Communities Program, a policy designed to reward local governments that are working to address New York's housing crisis.
"With strategic economic development investments, we're building vibrant downtowns that are attracting businesses and residents to every region of New York," Governor Hochul said. "The Downtown Revitalization Initiative and NY Forward programs are reinvigorating downtowns and transforming our communities into world-class destinations for businesses, families and tourists."
"New York State is home to so many communities with rich histories and charm, and our Downtown Revitalization and NY Forward programs are helping to transform those communities into hubs of activity while retaining the characteristics that make them so unique," Walter T. Mosley, New York secretary of state said. "This $200 million in funding will help an additional 29 downtown communities turn their visions of revitalization into a reality, in turn spurring local and regional economies and strengthening all of New York State."
Applications are now available through the state's consolidated funding application portal. The deadline to apply is October 18, 2024, at 4 p.m. More information on each program can be found on the New York State's website.
