Troy Community Investment Program

How it works

The Troy Community Investment Program is run by Troy Rehabilitation and Improvement Program (TRIP) and is described as part of the TROY NOW initiative. The program says it is funded by the American Rescue Plan Act and the City of Troy.

The page describes two main pieces:

• A neighborhood-based project in Lansingburgh, launched in 2022 as a front-facing repair matching grant program.
• A citywide approach covering all of Troy, broken into three separate matching grant opportunities: General Exterior Home Property Investments, Exterior Painting Home Property Investments, and Whole Neighborhood/Public Space Improvement Applicant Grouping.

What the money covers

The page says the neighborhood project has supported front-facing repairs such as fence repair, window eave painting, stair replacement, and driveway paving. It also says Phase Two will add half baths in 10 homes and complete exterior improvements in 10–12 homes.

For the citywide repair track, the page says applicants may complete home repairs in several categories in owner-occupied homes in Troy. It does not list the full eligible scope on the page, but it clearly frames the work as exterior home repairs and related property investments.

Amounts and matching

The page states that the program requires a homeowner match. It also states that one project to date invested $24,444 and leveraged $30,375 in additional dollars across four streets.

How to apply

Applicants must complete the pre-application form by July 15 at 5 pm as the first step toward determining eligibility.

Timing and deadlines

The page references a project launched in 2022 and a Phase Two funded through ARPA. It also gives a July 15 deadline for the pre-application form.

Homeowner-repair note

The page separately says the HomeOwner Repair Program is for owner-occupied single-family homes in Rensselaer County and is currently available when funding exists. That program is described on the same page and is administered by RCHR with up to $10,000 in assistance.