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Hochul Announces 6th Round of DRI Funding


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It’s official; the sixth round of the Downtown Revitalization Initiative, but this year has an added “perk” : there will also be a new initiative called NY Forward. This new program is aimed at rejuvenating smaller and rural communities.

With this new initiative there is now $200 million dollars in funding major downtown revitalizations.

Governor Hochul: “This is really a new beginning, and this is a continuation of what we set forth to do as a young administration, just less than a year ago we’re really excited about what we’re doing here and continuing what, you know, the projects like this, keep them going. But also, the overall DRI program overseen again by the Secretary of State, we’ve allocated over $600 million to 59 communities in five rounds.”

The City of Cortland won in round two of the DRI in 2017 and Homer has been looking to be awarded the next in the Finger Lakes region for the award.

Hochul: “We had $100 million for our New York Forward to focus on the smaller communities. We’ll be funding $100 million for the smaller communities as well. So, I want to just continue to celebrate this incredible space. This is a new beginning I want to be able to point to this project as we go forward and say, this is what I’m talking about in state government. The power of government to do good directly in communities to lift them up, to create jobs, opportunities.”

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