DC Commercial Property Acquisition Fund
DC Commercial Property Acquisition Fund
Washington DC
ABOUT THE GRANT
The DC Commercial Property Acquisition Fund (CPAF) provides down payment assistance grants of up to $300,000 (or 25% of the sale price, whichever is less) to DC-based businesses looking to acquire commercial property in the District. Funded by the Office of the Deputy Mayor for Planning and Economic Development (DMPED) in partnership with the Council of the District of Columbia and administered by City First Enterprises, the program is designed to help businesses maintain and expand their operations by transitioning into owned commercial space rather than continuing to lease. Recipients must agree to own and occupy the property for at least seven years, ensuring long-term investment in the District's commercial corridors. The fund represents a strategic $1.5 million investment to support business stability and physical growth across DC.
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We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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