The Returnable Grant Fund issues loans to nonprofit providers awaiting contract registration. Created in 1992, the program is a collaboration among the Mayor's Office, the Office of Management and Budget, and the Fund for the City of New York (FCNY).
To date, the RGF has granted more than 4,000 loans totaling more than $380 million. RGF loans are interest-free and service fee-free and typically cover one, two, or three months of critical program expenses such as rent, utilities, and payroll.
Apply for a RGF loan
What to expect from the RGF loan process:
The funds typically become available within 24 to 48 hours after MOCS authorizes the loan.