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Office of the Deputy Mayor for Planning and Economic Development

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Commercial Property Acquisition Fund

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.

Program Guidance:

For all inquiries related to the Commercial Property Acquisition Fund, contact: [email protected].