Office of the Deputy Mayor for Planning and Economic Development

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Neigborhood Investment Fund

Houses in Washington DC Neighborhood

The Neighborhood Investment Fund is an annual, non-lapsing fund to finance economic development and neighborhood revitalization in 12 targeted areas of the District. The fund is capitalized by an annual contribution of 15 percent of the personal property tax, not to exceed $10 million. The Neighborhood Investment Fund supports neighborhood revitalization through the Target Area Grant Program (TAPG) and Predevelopment and Project Grants (PDG).

The Neighborhood Investment Fund was not funded for Fiscal Year 2012.