Grant Award

There will be 10 total grants awarded for up to $45,000 each as a combination of rent subsidy and tenant improvements.

 

Year 1 of the lease, the grant can cover up to $8/sf of the rent, to a maximum of $16,000/year.

Year 2 of the lease, the grant can cover up to $6/sf of the rent, to a maximum of $12,000/ year.

Year 3 of the lease, the grant can cover up to $4/sf of the rent, to a maximum of $8,000/year.

 

This will afford each grantee a maximum total in $36,000 in rent abatement. 

 

Leases must be for a minimum of three years and must include a personal guarantee from the tenant for the remainder of the rent.

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In addition, the grant awardee will receive a package of services and support, including advertisement, from our partners.