Fiscal Year 2024 Capital Budget Process: Non-City-Owned/Non-City Property

The Office is currently accepting Letters of Intent for Fiscal Year 2024. To be considered for Capital Funding, submit Letter of Intent addressed to Borough President Gibson by:

  • Deadline: Friday, January 20, 2023

CapGrants Online Application: The deadline for applications – TBD

For the Fiscal Year 2024 CapGrants Application please check late December 2022 at https://www1.nyc.gov/site/capitalgrants/index.page.

Important: OMB requires a minimum 10-year lease for capital funding to be eligible on non-City-owned leased properties. All other projects on non-City-owned property must be owned by the organization applying for funding.

Guidelines:  https://www1.nyc.gov/assets/capitalgrants/downloads/exhibit-1-guidelines

Cultural Affairs

Projects are reviewed by the Department of Cultural Affairs (DCLA) in coordination with the Office of the Bronx Borough President and the Office of Management and Budget.  DCLA expects to release its application in early January.  The CapGrants Portal (where applicants will upload their completed materials) is expected to open thereafter.

For The Department of Cultural Affairs projects, please click on the link below for Guidelines and Forms:

https://www1.nyc.gov/site/dcla/cultural-funding/capital-funding-request-page-1.page

(In making a request to the Office of the Bronx Borough President, please note that the office will only communicate with representatives who work for the organization applying.  There will be no communication with consultants, lobbyists or other external representatives regarding the request.)

Requirements

Housing

Most Housing Projects are exempt from the Not-for-Profit requirement as per HPD’s statutes which allow private, for-profit developers, in addition to Not-for-Profits, to apply for funding that serve the public purpose of creating affordable, equitable housing.

The City will not reward recipients who have not complied with previous funding agreements. Non-compliance cannot be remediated.

New Construction/Rehabilitation

  • The applicant must own the property where the allocated monies will be used, unless the property in question lies on ground leased or owned by the Federal Government or New York State. Private leases of 25 years or greater will also be considered. This requirement may be waived for Senior Centers only if:
    • The landlord agrees to the City’s restrictive covenant.
    • There is no other financing on the property.
  • Projects on non-City-owned property must meet a minimum monetary request requirement of $500,000 per project, and $35,000 per housing unit.
  • The City will have first right-of-lien on the property.
  • Maximum City contribution is as follows:
    • 90% for projects with a total development cost of up to and including $2 million
    • 50% for projects with a total development cost above $2 million. The first $2 million dollars of said project is subject to the 90% threshold.
    • Example: $10 million project:
      • First $2 million: Maximum City contribution- $1.8 million
      • Remaining $8 million: Maximum City contribution- $4 million
      • Total Maximum City contribution: $5.8 million
    • Total development cost must include a 2.5% administrative fee, and a 15% contingency built-in.

Additional Borough President Submission Requirements

Letter of request addressed to the Borough President, with copies to the Director of Capital Programs Betty McCray and Director of Planning & Development Juton Horstman, that includes:

  • The address with the identifying block and lot numbers, as well as number of buildings on the property.
  • Detailed information on the population served on the premises (i.e., Senior Citizens, homeowners, low-income populations, etc.).
  • Total number of units with breakdown (1BR, 2BR, 3BR, etc.)
  • Anticipated number of jobs, both construction and permanent.
  • Development budget for the project that includes all projected sources and uses for both hard and soft costs.
  • Site plan
  • Rendering
  • Typical floor plan
  • Organizational background with a focus on Bronx projects/programs.
  • Information regarding on-site services, landscaping, architectural context, etc.
  • Current support from local Community Board and City Councilmember.
  • Pro-forma (if possible).

Green Requirements

In addition, all project funded by the Office of the Bronx Borough President are required to meet one of the following established green building certification programs:

  • LEED (Leadership in Energy and Environmental Design)

Enterprise Green Communities Enterprise Green Communities Criteria (EGCC) – HPD (nyc.gov)

NYSERDA Multifamily Performance Partners and Energy Star Programs

Priorities

The Office of the Bronx Borough President will give special consideration to projects containing the following components:

  • Homeownership
  • Mixed-Income
  • Mixed-Use
  • Senior Housing
  • Mixed-Supportive Housing
  • Affordable/Mixed-Income projects with at least 10% three-bedroom units

Equipment

  • Minimum request requirement for any equipment purchase is $50,000.
  • Minimum useful life of the equipment purchase must be 3 years.
  • The City may fund up to 100% of equipment purchases.
  • Computers must be purchased as part of a networked system.
  • Central air conditioning is eligible. The cost of stand-alone air conditioners is not eligible as a Capital Project except as part of Initial Outfitting
  • Electrical system upgrades are not eligible for funding.  When ordering equipment or technology, please be sure that the building’s electrical facility can handle your request.

All Other Non-City Capital Projects

In addition, applicant submissions must include the items below, as per the Office of the Bronx Borough President. Some of these requirements may be part of the OMB Guidelines, but please be sure to include these with your submission: https://www1.nyc.gov/assets/capitalgrants/downloads/exhibit-1-guidelines

Letter of request addressed to the Borough President Gibson with a copy to the Director of Capital Programs Betty McCray, including:

  • The address with the identifying block and lot numbers, as well as the number of buildings on the property.
  • Detailed information on the proposed project.  (delete population served on the premises (i.e, Senior Citizens, low-income populations, etc.) and number of jobs expected, including both construction and permanent.)
  • Development budget for the project that includes all projected sources and uses for both hard and soft costs.
  • Site plan/rendering /floor plan.
  • Organizational background with a focus on Bronx projects/programs.
  • Information regarding on-site services, landscaping, architectural context, etc.
  • Current letter of support from the local Community Board and City Council Member.

All projects funded by the Office of the Bronx Borough President are required to meet one of the following established green building certification programs:

  • LEED (Leadership in Energy and Environmental Design)
  • Enterprise Green Communities
  • NYSERDA delete Multifamily Performance Partners and Energy Star Programs
  • Pro-forma (if possible)

NOTE:  The Office of Management and Budget may require additional information during the application review process.