Neighborhood Prosperity Fund (NPF)
The Deputy Mayor for Planning and Economic Development (DMPED) invites the submission of proposals for the Neighborhood Prosperity Fund (NPF).
Purpose
NPF incentivizes community development, economic growth, and job creation by leveraging local funds to provide financing for projects that attract private investment to distressed communities. Grant funds support architectural and engineering costs, construction costs, tenant improvements, historical preservation building improvements to maintain compliance with applicable laws, development analysis, rent abatement and/or tenant concessions for up to 3 years to stabilize market rent.
Award
DMPED will award up to $4,000,000.00 total in grants to be disbursed to successful applicants of the FY22 Neighborhood Prosperity Fund. Minimum request per application is $250,000.00.
Eligible businesses
Eligible applicants include 501(c)(3) non-profit corporations, joint ventures, partnerships, cooperatives, and limited liability types of companies, corporations, and for-profit and non-profit developers.
Eligible Projects are defined as projects that combine two or more of the following types of development: mixed used (commercial portion only), retail, food services office, or special purpose developments limited to urgent care centers and other health or medical facilities. Projects must be within the statutory boundaries of the Neighborhood Prosperity Fund.
Prospective applicants can verify their location eligibility via the interactive mapping tool found at here. Projects located outside of a qualifying Neighborhood Prosperity Fund statutory boundary will not be considered.
Application
The application to apply for the FY22 Neighborhood Prosperity Fund opens on Friday, February 25, 2022 and closes on Friday, March 25, 2022 at 4:00 PM EST.
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Locally Made Manufacturing Grant
The Deputy Mayor for Planning and Economic Development (DMPED) invites the submission of proposals for the DC Local Equity, Access and Preservation Funds – Locally Made Manufacturing Grant Program (“Locally Made”).
Purpose
The Office of the Deputy Mayor recognizes manufacturing supply chains have become more complicated due to multiple suppliers, challenging international trade and import and export regulations, and the rapid acceleration of e-commerce demands and absorption, and the exacerbation of the COVID-19 global pandemic and public health emergency. Supply chains were distressed and, in some cases, disrupted. There is increasing need to manufacture and procure consumer goods locally.
Award
DMPED will award up to $500,000.00 total in grants to be disbursed to successful applicants of the Grant. Maximum request per application is $100,000.00.
Eligible businesses
Existing small business whose core business aligns with light manufacturing and is located either within or plans to move to a Great Street Corridor are eligible. See map here.
Application
The application to apply for the FY22 Neighborhood Prosperity Fund opens on Friday, February 25, 2022 and closes on Friday, March 25, 2022 at 4:00 PM EST.
More Information
