Funding Agreements

We administer City Capital funds and support as organizations initiate, enhance, and complete their capital projects.

Our team works mostly with NYC-based nonprofits across the boroughs—using City Capital funds for renovation, construction, and property acquisition. Our work supports projects including community and senior centers, job-training centers, and cultural institutions.

Understanding the Process

Let’s walk through each step involved in funding—from project intake to completion.

First, the players:

• Funding Recipient: The organization who was awarded a city capital funding allocation.
• NYCEDC: We coordinate and monitor the entire funding agreement process.
• City Agencies: They’re responsible for funding approvals and overall city compliance.
• Vendors: These are the contractors hired to complete the work by the funding recipient.
• Intake: Starting the process involves outlining the scope and description of the project. This step also includes looking at the financials and budget, as well as environmental review, insurance, M/W/DBE goals, and other compliance documentation.
• City Approvals: Next, the funding must be approved by NYCEDC along with City Law (legal drafts), OMB (Certificate to Proceed), and the Comptroller (funding agreement registration).
• Project Implementation: This is where things really start moving. The project funding is formally approved for use, payments can begin, and we conclude with the project closeout to release final payment.

Capital Funding Resources

• Applying for Funding from Elected Officials (Capital Grants Portal)
• NYCEDC General Contracting Requirements (NYCEDC)
• Registering Organizations and Contractors with the City (PASSPort)
• Registering Organizations and Vendors for Payment (Payment Information Portal)
• NYCEDC and City M/W/DBE Requirements (NYCEDC)
• How to Conduct an Environmental Review (Mayor’s Office of Environmental Coordination)
• How to Use City Capital Funds (Comptroller’s Office)
• Conducting Property Title Searches (ACRIS)
• A Visual Map of Property Information (NYCityMap)

Projects

New York City Economic Development Corporation’s Funding Agreements team helps nonprofit organizations navigate the City capital process to initiate, manage, and complete their projects. 

These projects span the nonprofit landscape in New York City, from community and senior centers, to healthcare facilities, to major cultural institutions. Here are a few projects that have thrived with the help of our team: 

Lower East Side Tenement Museum

Under One Roof Exhibit Project

Project Timeline: January 2014–July 2018
Funding Agreement Amount: $3,980,000
Mission: The Tenement Museum’s mission is to tell the uniquely American stories of immigrants, migrants, and refugees in the ongoing creation of our nation.
Project & Impact: In its newest exhibit, Under One Roof, which opened in December 2017, the Tenement Museum restored the homes of three families who lived in its 1888 tenement building at 103 Orchard Street. The exhibit attracted larger audiences (FY 18 total visitation up 10% from the previous year); catalyzed new jobs at the museum; and increased local foot traffic, bolstering nearby businesses.

Forestdale 

The Teaching Kitchen Project 

Project Timeline: November 2017–May 2019 
Funding Agreement Amount: $490,732 
Mission: Forestdale is a child welfare agency headquartered in Queens, with a mission “to ensure that children and families have the assets needed to thrive and live independently.” 
Project & Impact: Forestdale renovated their kitchen, resulting in a state-of-the-art teaching kitchen with commercial-grade equipment. The project included removing existing fixtures, finishes, and equipment; demolishing an interior wall; and combining the lunch room space with an existing conference room to double the size of the space. The new teaching kitchen will enable Forestdale’s Youth Development department to educate 180 youth per year about shopping and cooking for themselves to promote independence and establish healthy habits. 

Bedford-Stuyvesant Family Health Center

Project Timeline: July 2010–May 2017
Funding Agreement Amount: $6,950,000
Mission: BSFHC’s mission is “to provide the most professional, courteous and highest quality health care, with dignity, to those we serve, especially the underserved population, without regard for ability to pay.”
Project & Impact: The project enabled BSFHC to relocate from an aging converted supermarket to a newly constructed health care facility, nearly quadrupling its space, from 10,000 to 38,000 square feet. The new space was custom-designed and included modernized diagnostic equipment, a new entire floor, and a large meeting space. The project led to the creation of 38 permanent full-time jobs and enabled BSFHC to treat ~1,000 additional new patients annually.