Discretionary Capital Funding Available
Nonprofits can now request discretionary capital funding from the New York City Council and Borough Presidents.
Every year, Borough Presidents and City Council Members provide capital funding to nonprofits, schools, and other organizations for projects throughout each borough. This discretionary capital funding (formerly known as Reso A) is valuable subsidy for supportive and affordable housing development projects in NYC. This funding can be helpful to fill a gap in a development budget.
Starting now, nonprofits can apply for grants through the CapGrants portal or applications listed on Elected Officials’ websites. Awards are typically announced in the summer. To receive funding, applicants should schedule a meeting with the representative before submitting the application to discuss the project details. Below are the typical deadlines, though some elected officials have additional requirements and deadlines:
Borough President Requests: February 20th
City Council Requests: March 26th
Specific information for representatives can be found here:
Brooklyn Borough President: To apply to the Brooklyn Borough President’s Office for capital funding for Fiscal Year 2020, organizations must fill out an application by 11:59 pm on Wednesday, February 13, 2019. In addition, organizations should complete the CapGrants portal application by 5 pm on February 20, 2019.
Bronx Borough President: The office is currently accepting Letters of Intent for Fiscal Year 2020 and orgnaizations should send a letter as soon as possible. Organizations must apply by 5 pm on Wednesday, February 20, 2019.
Queens Borough President: Organizations are encouraged to apply as soon as possible. Organizations must apply by 5 pm on Wednesday, February 20, 2019.
Staten Island Borough President: All requests for capital funding from the Staten Island Borough President must be submitted via mail or email. Applications also should be submitted with a cover letter. The deadline to submit the SI BP’s online capital funding application is Friday, February 10th, 2019. Organizations must also apply through CapGrants by 5 pm on Wednesday, February 20, 2019.
City Council Members: Apply through the CapGrants portal by March 26, 2019.
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