Sponsors whose projects were included in the City's Proposal for DRI Funding still need to submit an open call application. 

About the Call for Project Proposals

New York State selected Troy as the winner of the $10 million Downtown Revitalization Initiative (DRI) in the Capital region. New York State’s Downtown Revitalization Initiative seeks to invest in communities that are ripe

for revitalization and have the potential to become a magnet for redevelopment, business, job creation, greater economic and housing diversity, and opportunity.

The $10 million grant can be used to fund capital projects that have the potential to increase economic vitality and growth in Troy, including projects that improve access to quality housing at an affordable price, enhance existing public open space, support small businesses, provide residential services, or create new spaces for cultural activities.

This Public Open Call for Project Proposals is designed to solicit projects to be considered for DRI funding. To be eligible for consideration, project proposals must:

  • Demonstrate ownership or control of the project site, either by the proposer or a partnering entity.

  • Be located within the DRI boundary.

  • Have a project sponsor with the capacity to contract with the State and execute the project on a reimbursement basis.

  • Have a defined scope and budget based on professional plans or comparable estimates.

Troy DRI Flyer_Open Call_3-2-22.jpg

View the final TROY DRI project profiles that were evaluated by the LPC.

The deadline for open call project submissions was April 1, 2022. Please contact us at with any questions.

  • Be fully funded once funds requested through DRI are included.

  • Be able to break ground within 2 years.

  • Demonstrate clear support from any required private partners or government agencies.


For a more comprehensive description of project eligibility requirements, please refer to the the full Open Call Application as well as the DRI Guidebook.

The DRI Process

For each DRI region, a Local Planning Committee (LPC) guides the DRI process and reviews proposed projects. The LPC is comprised of City and State representatives, as well as leaders from the community at-large, civic organizations, businesses, and the Regional Economic Development Council. Each LPC is led by two co-chairs consisting of the local elected official (or his or her designee) and a member of the Regional Economic Development Council. For DRI Troy, the co-chairs are Mayor Madden and Hudson Valley Community College President Dr. Ramsammy.


The LPC, in collaboration with State agency staff and consultants, will identify priority projects based on community input as well as alignment with the evaluation criteria detailed in this document. Such projects will be included in the Strategic Investment Plan, which will describe how DRI funding will be leveraged to achieve the community’s vision and goals for revitalizing Troy.* After reviewing the Strategic Investment Plan, the State will select projects for a DRI award and assign them to an appropriate State agency to manage contracting with the local project sponsor for implementation.

*The inclusion of a project in the Strategic Investment Plan does not guarantee funding through the Troy DRI Program. Projects recommended for funding by the LPC will be selected following review by New York State.