The Deputy Mayor for Planning and Economic Development (DMPED) invites the submission of proposals for the Neighborhood Prosperity Fund (NPF).
Donor Name: Office of the Deputy Mayor for Planning and Economic Development (DMPED)
State: District of Columbia
Type of Grant: Grant
Deadline: 03/03/2023
Size of the Grant: $600,000.00
Grant Duration: 12 months
Details:
NPF incentivizes community development, economic growth, and job creation by leveraging local funds to provide gap financing for projects that attract private investment to distressed communities.
DMPED will seek to fund projects whose activities will provide healthy food-related goods and services in communities that:
- lack access to healthy food options;
- indicate patterns of non-healthy food consumption (such as low rates of fruit and vegetable consumption);
- suffer from poor health indicators (such as high rates of obesity, diabetes and other diet-related chronic disease);
- have high concentrations of persons participating in food assistance programs (for instance, Supplemental Nutrition Assistance Program; Women, Infants, and Children food packages; school lunch programs); or
- demonstrate other indications of need for healthy food interventions.
Funding Priorities
The FY23 Neighborhood Prosperity Fund Grant identified the following program funding priorities and three-pronged investments strategy to support our communities.
- Economic Growth and Employment
- Food Access and Security
- Healthcare Equity
Funding Information
- Funding DMPED will award one (1) or more grants for an aggregate total of $4,000,000.00.
- The minimum application request is $600,000.00.
Grant Duration
The developer of the project must commit to commence construction on the project within twelve (12) months of the date of the executed grant agreement.
Eligible Projects
For the purposes of this Request for Applications, Eligible Projects are defined as projects that combine two or more of the following types of development: mixed used (commercial portion only), retail, office, or special purpose developments limited to urgent care centers and other health or medical facilities
Location
Projects must be within the statutory boundaries of the Neighborhood Prosperity Fund.
Eligible Use of Funds
Funds can also be used to pay for design and construction. Invoices or expenses paid prior to this date are ineligible. The following are eligible funding uses:
- Architectural and engineering
- Construction costs
- Tenant Improvement
- Historical preservation builds out
- Development analysis
- Rent abatement for up to 3 years to stabilize market rent
Eligibility Criteria
Eligible applicants include the following:
- 501(c)(3) non-profit corporations
- Joint ventures, partnerships, cooperatives, and limited liability types of companies, corporations
- For-profit and non-profit developers
- Be a registered business in Good Standing with the DC Department of Consumer and Regulatory Affairs (DCRA), the DC Office of Tax and Revenue (OTR), the DC Department of Employment Services (DOES), and the federal Internal Revenue Service (IRS).
- Provide proof of property and liability insurance (an insurance quote is permitted for new businesses) compliant with the requirements set forth in the grant application.
- Provide site control of the business property. For the purposes of this RFA, site control means the applicant has either obtained an enforceable right to use a parcel of land for the purpose of the project facility for the life of the project facility. This right must be given formally in writing. Verbal permission is not sufficient.
Site control may be evidenced by either a Contract of Sale, Letter of Intent, Option to Purchase Agreement, a fee simple ownership, general warranty deed, or an executed contract or lease with the property owner with a minimum unexpired term of at least ten (10) years.
For more information, visit Neighborhood Prosperity Fund.
