Mayor Bowser and the Office of the Deputy Mayor for Planning and Economic Development, in partnership with the Council of the District of Columbia, are strategically investing up to $4 million in the Commercial Property Acquisition Fund. The Commercial Property Acquisition Fund (CPAF) is devised to provide down payment assistance through grants of up to $750,000 or 25% of the sale price, whichever is less, to eligible businesses looking to maintain and expand their operations to a physical presence by acquiring commercial property located in the District.
The Commercial Property Acquisition Fund offers grants aimed at providing much-needed support for equity impact enterprise business or business eligible to be a certified equity impact enterprise who seek to purchase and locate within commercial property within the District of Columbia. 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.
STATUS: OPEN now on a rolling basis until funds are expended.
Prior to applying for the CPAF grant, a mandatory three-part training program must be completed. To have access to the three-training program, please click here. After submitting your training form, please apply here.
For all inquiries related to the Commercial Property Acquisition Fund, contact: [email protected].