Capital Funding Application (FY23)

The Capital Funding Application for Fiscal Year 2023 (FY23) is now closed.

The New York City Charter allows all five Borough Presidents to allocate capital funding to qualified projects on an annual basis as part of the City’s budget process.

These funds are used to make improvements across the Borough by creating new infrastructure, and by improving existing assets. Capital funding can be allocated to parks, streets, schools, hospitals, economic development and affordable housing projects, cultural institutions and other non-profit organizations.

The New York City Office of Management and Budget issues guidelines that restrict the types of projects that capital funding can be allocated to, as well as the types of organizations that capital funding can be allocated to.