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 $2.5 million in the Commercial Property Acquisition Fund (CPAF). Investment is subject to FY25 budget availability.
The Commercial Property Acquisition Fund is devised to provide down payment assistance through grants of up to $500,000 or 25% of the sale price, whichever is less, to eligible DC-based businesses looking to maintain and expand their operations to a physical presence by acquiring commercial property located in the District. The program is designed for business applicants to own and occupy the commercial property for at least 7 years.
City First Enterprises (CFE) is the grant administrator and main point of contact for this program. For questions or assistance regarding this grant program or application, please email [email protected].
STATUS: OPEN