Neighborhood Prosperity Fund (NPF) from the Economic Development Special Account pursuant to DC Official Code §2-1225.21.
In the DC Economic Strategy, the administrations vision is to become the "global model inclusive prosperity". The administration is guided by two measurable goals. One of the two goals is to reduce unemployment across wards, races and educational attainment levels, bringing rates below 10% in all segments by the end of 2021. The Office of the Deputy Mayor for Planning and Economic Development welcome submissions directly connected this goal. DMPED will fund projects to fill the gaps in non-residential components of a mixed used project, real estate, or retail development project in targeted census tracts where unemployment is 10% or greater. The grant provides necessary gap funding only for the commercial component of development projects.
Funds available for catalyzing mixed-use real estate project in targeted census tracts. See NPF Map http://arcg.is/OLz80
Note: Funding availability is dependent on the total projects costs of the selected projects.
Please note that all applications must be submitted electronically. Incomplete applications or those submitted after the deadline will not be accepted.