Small Rental Development Initiative (SRDI)


Overview

The 2025-2026 New York State budget made funding available for services and expenses of a Small Rental Housing Development Initiative (NYS SRDI). The Housing Trust Fund Corporation (“HTFC”) will offer this funding to preserve and create high-quality affordable multi-family rental units. $10,000,000 is available in this round.


Funding Round Materials

NYS SRDI Request for Applications (RFA)
NYS SRDI Info Session Presentation
NYS SRDI Application Workbook
NYS SRDI Budget Model – Pro forma
Vendor Responsibility Questionnaire (VRQ)
OCR Applicant Certification 
Questions about the NYS SRDI Funding Round and Application must be directed to: [email protected] and include “SRDI Application Questions” in the email subject line.