ALBANY, N.Y. — New York’s signature downtown-revitalization and economic-development programs has $200 million available for the next round of funding.
The state has $100 million each for round 9 of the Downtown Revitalization Initiative (DRI) and Round 4 of the NY Forward program, which focuses on revitalizing smaller and rural downtowns, the office of Gov. Kathy Hochul said.
The similarities and differences between the DRI and NY Forward programs are further described in an educational brochure, which is available on the DRI and NY Forward websites. Together, the two programs have awarded $1.2 billion in funding to 151 communities across every region of the state.
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Applications are now available through the state’s consolidated funding application portal. The deadline to apply is Nov. 7, 2025 at 4 p.m.
“The Downtown Revitalization Initiative and NY Forward program give communities the tools and resources they need to reimagine their futures and drive meaningful change,” New York Secretary of State Walter Mosley said in the announcement. “Through coupling significant investment with smart planning by the community and for the community, these programs deliver real results that improve the quality of life for residents, attract new businesses and spur additional private investment. We encourage all communities, no matter how small, to apply so we can help bring their visions to life.”
