The Affordable Commercial Tenanting Grant program is designed to reduce barriers to accessing commercial space for small business owners. Please make sure you read through the guidelines, especially the sections regarding eligible and ineligible property owners and business owners, and the sections regarding eligible and ineligible expenses. Keep in mind that this is a reimbursement-based grant, and you are responsible for providing proof of payment in order to receive funds, unless you can demonstrate that doing so represents a financial hardship.
In order to apply, you will need a letter of intent that specifies the terms of the lease agreement you are negotiating, including:
- Address of the project property
- Square footage of the project property
- Lease rate per square foot
- Lease term
- Rent abatement period, if any
- Tenant improvement allowance, if any
- Annual rent escalation rate