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Commercial Property Acquisition and Development 
 
Property ownership. Ownership of the building in which a business operates is the best defense against displacement and rising rents. Ownership can be achieved through the purchase of an entire building or of a portion of a building as a retail or office condominium.
Facade improvements. The quality, design, and appearance of the building where a business is located and the signage announcing a business can also have a significant impact on the prominence and perception of the business. reSTORE DC provides assistance to neighborhood revitalization organizations on facade improvements for neighborhood commercial districts. The District Department of Housing and Community Development administers a facade improvement grant program.
 
Retail vacancies. The Washington DC Economic Partnership tracks and makes available a list of retail space opportunities in Washington DC.
 
Commercial Property Acquisition and Development Grant Program
 
The Commercial Property Acquisition and Development (CP-A&D) Program provides matching funding for nonprofit organizations to acquire, redevelop, or build commercial properties located anywhere in the District of Columbia. Individual for-profit businesses can be assisted by the funded non-profit organization. Over $900,000 in past CP-A&D grants has been awarded from applications in 2002-2004. CP-A&D is not currently accepting applications. 
 
For additional information, please contact the office of reSTORE DC at (202) 741-0894 or via email.
 



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