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Commerical Property Acquisition Fund (CPAF)

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State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Commercial Property Acquisition Fund, managed by the District of Columbia's Deputy Mayor for Planning and Economic Development, is designed to support DC-based businesses in establishing or expanding their physical presence within the District. The program provides critical down payment assistance to eligible entities seeking to acquire commercial property, facilitating long-term stability and operational growth for local enterprises. Financial assistance is provided through grants capped at 500,000 dollars or 25 percent of the property's sale price, whichever amount is lower. This initiative falls under NAICS code 531210 and is currently listed as a forecast, targeting the strategic acquisition of real estate to bolster the local economy.

General Info

DC grants up to 500,000 dollars for local businesses acquiring commercial property.

Agency

District of Columbia → Deputy Mayor for Planning and Economic Development (DMPED)

NAICS

531210 - Offices of Real Estate Agents and Brokers

Place of Performance

DC, USA

Set-Aside

NONE

Documents

0

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Organization & Contact Information

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AgencyDistrict of Columbia → Deputy Mayor for Planning and Economic Development (DMPED)

ContactsNo contacts available

OfficeDC

Organization / Agency

District of Columbia → Deputy Mayor for Planning and Economic Development (DMPED)

Office AddressDC

ContactsNo contact information available

Full Description

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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

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