The Commercial Property Acquisition Fund provides eligible businesses with down payment assistance of up to $750,000 or 25% of the sale price, whichever is less, for the acquisition of commercial property in the District. Businesses must be eligible to be an equity impact enterprise. An equity impact enterprise is a resident-owned, small business that it is at least 51% owned by an individual who is, or a majority number of individuals who are economically disadvantaged or have been subjected to racial or ethnic prejudice or cultural bias. Businesses must also complete a mandatory training program in order to apply for the Fund.

STATUS: OPENING JANUARY 2024

DMPED is partnering with City First Enterprises to administer the Commercial Property Acquisition Fund. For all inquiries related to the Fund, contact: [email protected].