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Small Rental Development Initiative (SRDI)

Small Rental Development Initiative (SRDI)

Overview

*UPDATE* SRDI Award Round 2024 has increased to $8,034,343

The 2023-2024 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.

Register here for the information session at 11AM on February 7th’:

https://meetny.webex.com/weblink/register/r4f5304c166f34be9268d0c9eb0a289ad

Funding Round Materials

NYS SRDI Request for Applications (RFA)
NYS SRDI Application Workbook

Updated Budget Model now includes budget line for relocation expenses and fields for additional AMI & rent entries. 

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.
Information Session Presentation