Commerical Property Acquisition Fund (CPAF)

The Commercial Property Acquisition Fund is designed to support DC-based businesses seeking to establish or expand their physical operations by acquiring commercial property within the District. The program offers grants of up to $500,000 or 25% of the purchase price, whichever is lower, to assist with down payment costs, ensuring that local enterprises can secure long-term ownership of their workspace without the burden of excessive upfront capital. Eligibility is restricted to businesses operating in the District, with the primary goal of fostering economic growth, preserving local commercial activity, and encouraging stable, community-based business development through property ownership. Funding is administered by the Deputy Mayor for Planning and Economic Development and is available to businesses actively looking to transition from leasing to owning commercial space in Washington, D.C. The program does not specify a NAICS code, set-aside category, or solicitation number, as it is posted as a forecast, indicating that formal application procedures and detailed guidelines will be released at a later date. Interested parties should monitor official channels for forthcoming instructions on how to apply, as the initiative is part of the District’s broader strategy to strengthen neighborhood economies by enabling small and medium-sized businesses to build equity through real estate investment.