The Commercial Property Improvement Program (CPIP) was established to assist owners of shopping centers and main street retail space with exterior façade, place making, lighting and major building systems improvements that enhance retail competitiveness and viability.
The CPIP will require a 50% applicant match for all program funding awarded to approved shopping centers and retail space for eligible improvements. Therefore, applicants must be able to pay for half of the total project cost to apply for the CPIP funding. The minimum grant is $50,000 for $100,000 in total project cost and the maximum grant is $350,000 for $700,000 or more in total project costs.
The Commercial Property Improvement Program’s 2021 round of funding will open in the Fall 2020.