Eligible Projects
Public Improvement Projects
These may include projects such as streetscape and transportation improvements, recreational trails, wayfinding signage, new and upgraded parks, plazas, public art, green infrastructure, and other public realm projects that will contribute to the revitalization of the downtown.
New Development and/or Rehabilitation of Existing Downtown Building
Projects in this category may include the development or redevelopment of real property for mixed-use, commercial, residential, not-for profit, or public uses. All projects should be capital investments or should lead to capital investments. They should have a visible and functional impact on the downtown, serving as catalytic or transformative projects that will provide employment opportunities, housing choices, and/or services for the community.
Small Project Fund
A locally managed matching small project fund may be proposed to undertake a range of smaller downtown projects such as facade enhancements, building renovation improvements to commercial or mixed-use spaces, business assistance, or public art. Funds are capped at $1,000,000 for the NYC DRI community.
Branding and Marketing
Examples include downtown branding and marketing projects that may target residents, investors, developers, tourists, and/or visitors. The costs eligible under this category must be one-time expenses, such as those to develop materials and signage. Ongoing operational costs, such as funding a downtown manager or maintaining a website, are not eligible for DRI funding.
Non-Eligible Projects and Activities
Planning activities
Following the preparation of the Strategic Investment Plan, all DRI funds must be used for projects that directly implement the plan.
Operations and maintenance
DRI funds cannot be used for on-going or routine expenses, such as staff salaries and wages, rent, utilities, and property upkeep.
Pre-award costs
Reimbursement for costs incurred before the completion of the Strategic Investment Plan and the announcement of funding awards is not permitted.
Property acquisition
The cost of property acquisition can be included in the overall project budget, but the acquisition must be funded by another funding source.
Training and other program expenses
The DRI program is a one-time infusion of funds and cannot be used to cover continuous costs, such as training costs and expensed related to existing programs.
Expenses related to existing programs
DRI funds cannot be used to supplement existing programs or replace existing resources.