reSTORE DC, Commercial Property Acquisition and Development Program

The summary for the reSTORE DC, Commercial Property Acquisition and Development Program Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.

	Federal Grant Title:	reSTORE DC, Commercial Property Acquisition and Development Program
	CFDA Number:	Information not provided
	CFDA Description:	Information not provided
	Federal Agency Name:	District of Columbia
	Category of Funding Activity:	Business and Commerce
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	DC-GRANTS-100903-001
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Oct 10, 2003
	Creation Date:	Jan 14, 2004
	Original Closing Date for Applications:	Dec 15, 2003 Applications should be mailed or delivered any time prior to 5 PM on December 15, 2003 to reSTORE DC, 441 4th Street, NW, Suite 1140N, Washington, DC 20001. Applications should be submitted in the form of one unbound proposal.
	Current Closing Date for Applications:	Information not provided
	Archive Date:	Jan 14, 2004
	Expected Number of Awards:	Information not provided
	Estimated Total Program Funding:	Information not provided
	Federal Grant Award Ceiling:	Information not provided
	Federal Grant Award Floor:	Information not provided
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant

Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education

Additional Information on Eligibility

Information not provided

Grant Description

PROGRAM DESCRIPTION The Commercial Property Acquisition and Development Program will provide matching grant funds for non-profit corporations to acquire, redevelop or build commercial properties located within the District of Columbia. Alternatively, the non-profit corporation could strategically invest the matching grant funds to retain, expand or attract a desirable retail business to commercial property in their neighborhood. CP-A&D is designed to foster local ownership and facilitate the improvement of commercial properties throughout the District. CP-A&D funds are available to pay the capital costs of a variety of activities related to the acquisition and development of commercial properties, including: * Site preparation * Environmental remediation * Site acquisition * Site development * Streetscape and infrastructure improvements * Leasehold improvements Applicants will be required either to attend training in how to develop commercial property or to demonstrate organizational proficiency and experience in commercial property development. If a CP-A&D applicant's request for funding can be met by an existing resource offered by the District, the applicant may be referred to that agency. PROGRAM ADMINISTRATION The program will be administered by the Office of the Deputy Mayor for Planning and Economic Development. TOTAL FUNDS AVAILABLE Up to $5 million in matching grants will be available for CP-A&D in Fiscal Year 2004. Awards will range from a minimum of $25,000 to a maximum of $250,000, and require a match of 2:1 (i.e., $2 must be raised privately for every $1 contributed by the District). Eligible match sources include private and non-District public funds (e.g., federal). Match sources must be in-hand or pledged at the time of application. CP-A&D funding may be conditionally awarded based on obtaining funding commitments from other sources. Matching grant funds will be disbursed at settlement when all revenues are released from escrow. AREAS OF PROGRAM INTEREST Retention, expansion and attraction of retail stores are the priorities for CP-A&D funding. For FY 2003, CP-A&D encourages applicant organizations to apply for funding to assist projects that, in addition to street-level retail uses, also utilize the upper floors of commercial buildings for housing or service-related businesses. Occupying upper floors will provide the project with another source of revenue and help to populate the commercial corridor. Projects that offer expansion opportunities for existing retailers are also encouraged.

Link to Full Grant Announcement

Applicants are required to complete a standard grant applicatin developed by the Washington Regional Association of grantmakers. Also contact David Toland at (202) 727-5209 or david.toland@dc.gov to request guid
http://www.dcbiz.dc.gov/info/cpad.shtm

Grant Announcement Contact

Montero-Diaz, Luisa, Deputy Director, Phone 202-727-6518, Fax 202-727-1652, Email luisa.montero@dc.gov luisa.montero@dc.gov Montero-Diaz, Luisa