NOTICE OF FUNDING AVAILABILITY (NOFA)
FY20 Neighborhood Prosperity Fund (NPF)
Request for Application (RFA) Release Date: July 24, 2020
The Deputy Mayor for Planning and Economic Development (DMPED) invites the submission of proposals for the FY20 Neighborhood Prosperity Fund (NPF). DMPED will award up to maximum of $3 million in FY20 to grantees under this program. The application deadline is Thursday, August 13, 2020 at 12:00 noon EST.
As the impacts of the coronavirus (COVID-19) pandemic continue to expand, businesses are struggling to adapt to new ways of life along with the ability to continue normal operations – especially with construction projects and overall capital expenditure programs. The Office of the Deputy Mayor for Planning and Economic Development welcomes submissions directly connected to this goal. DMPED will fund non-residential components of a mixed-use real estate project or retail development project in targeted Census tracts where unemployment is 10% or greater. A map of these targeted Census tracts can be found http://arcg.is/OLz80.
The grant provides necessary funding only for the commercial component of development projects. DMPED will award 1 or more grants for an aggregate total of $3,000,000.00.
Minimum application request of $250,000.00 for each grant.
- Projects must be within the statutory boundaries of the Neighborhood Prosperity Fund (see at http://arcg.is/OLz80http://arcg.is/OLz80.
- Mixed-use residential proposed project must include, at a minimum, an amount of affordable dwelling units (ADU’s) that are equivalent to and compliant with the Inclusionary Zoning provisions of the District of Columbia Zoning Regulations (11DCMR §§ 2600 et seq. (2012)).
- 50% of the tenants must be identified and/or secured through letters of intent evidenced by executed lease agreements or executed commitments to lease.
a. Preference will also be given to projects that improve fresh food access (e.g. via grocery, sit-down or fast casual restaurants) or significantly support local businesses/entrepreneurs disproportionately affected by COVID.
- The developer of the project which is the subject of the grant application must commit to commence construction on the project within 18 months of the date of the executed grant agreement.
- The developer of the project which is the subject of the grant application must demonstrate a commitment to support the sustainability of local business tenancy by providing specific amenities and/or inducements, which may include rent concessions or abatements, flexible lease terms, etc.
Types of commercial component examples include, but are not limited to:
- Retail Store – clothing, jewelry, toys, electronics, hardware
- Grocery Stores
- Sit Down Restaurants (including fast-casuals format restaurants)
- Coffee Shops
- Medical Offices (doctor, dentist, chiropractor, urgent care)
- Professional office space
For additional eligibility requirements and exclusions, please review the Request for Application (RFA) which will be posted at by https://greatstreets.dc.gov/page/neighborhood-prosperity-fundnpf. Friday, July 24, 2020.
Award of Grants: DMPED will award 1 or more grants for an aggregate total of $3 million.
For More Information: Check website at https://dmped.dc.gov/page/neighborhood-prosperity-fund-npf.
Questions may be sent to Sandra Villarreal, Grants Administrator at the Deputy Mayor for Planning and Economic Development at [email protected] or 202-727-6365.
Reservations: DMPED reserves the right to issue addenda and/or amendments subsequent to the issuance of the NOFA or RFA, or it may rescind the NOFA or RFA at any time in its sole discretion