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Small Rental Development Initiative (SRDI)

Small Rental Development Initiative (SRDI)

Overview

The 2024-2025 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. $6,000,000 is available in this round.

Click here to register for the NYS SRDI 2025 Informational Session on January 7th at 11:00AM

Funding Round Materials

NYS SRDI Request for Applications (RFA)
NYS SRDI Application Workbook (updated appraisal guidance, 1/14/25)
NYS SRDI Budget Model – Pro forma
Vendor Responsibility Questionnaire (VRQ)
OCR Applicant Certification 
SRDI Informational Session Slide Deck
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.