Request for Applications (RFA) FY2018 Neighborhood Prosperity Fund (NPF)

REQUEST FOR APPLICATIONS

FY2018 Neighborhood Prosperity Fund (NPF)

Release Date: Friday, February 2, 2018

RFA ID#: DMPED-NPF18

Submission Deadline: Friday, March 9, 2018 Extended to March 16, 2018

Request for Applications FY2018 Neighborhood Prosperity Fund

Please note that all applications must be submitted electronically. Incomplete applications or those submitted after the deadline will not be accepted.

The Deputy Mayor for Planning and Economic Development (DMPED) invites the submission of applications for the FY 18 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 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.

Available funds: Up to $3 million is available for catalyzing mixed-use real estate project in targeted census tracts.

Funding availability is dependent on the total projects costs of the selected projects. DMPED will award 1 or more grants for an aggregate total of $3,000,000.00.
Awards will range between $250,000.00 and $750,000.00.

Minimum application request is $250,000.00.

Grants are offered to qualified applicants located within the following commercial boundary: See NPF map http://arcg.is/OLz80.