New York Main Street
Forecasted
New York Main Street supports building owners through local governments and nonprofits, funding renovations and stabilization to revitalize New York’s historic downtowns and mixed-use districts.
Funder: Homes and Community Renewal
Due Dates (Anticipated): July 2027 (Application deadline)
Funding Amounts: $50,000–$500,000 for Target Area Building Renovation; $100,000–$500,000 for Anchor or Stabilization projects; two-year terms
Summary: Supports targeted building renovations and downtown stabilization to strengthen New York’s Main Streets and mixed-use districts.
Key Information: Cities, towns, and villages must be designated Pro-Housing Communities when applying; property owners cannot apply directly to HCR.
Description
New York Main Street (NYMS) provides financial resources and technical assistance to revitalize New York State’s historic downtowns, mixed-use commercial districts, and village centers. The Office of Community Renewal administers the program under the direction of the Housing Trust Fund Corporation, through Homes and Community Renewal. Local governments and eligible nonprofits serve as Local Program Administrators, providing assistance to participating building owners.
The capital funding activities support façade and storefront renovations, commercial interiors, residential rehabilitation or creation, and complementary streetscape improvements. Downtown Anchor projects establish or expand cultural, residential, or business anchors, while Downtown Stabilization projects address hazardous materials and obstacles to redevelopment. Priorities include affordable upper-floor housing, historic preservation, contiguous building improvements, and leveraging additional investment. The program also supports technical assistance to improve readiness for future building renovation programs.
