Commercial Property Improvement Program

The Redevelopment Authority announces the availability of funding to improve targeted shopping centers and retail space in Prince George’s County. Targeted properties are those identified in the 2017 Prince George’s County Competitive Retail Market Strategic Action Plan as shopping centers/retail areas that should be improved due to stronger market potential and promising site conditions. The Redevelopment Authority of Prince George’s County 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 goal is to select applicants with the strongest market potential for investment. Commercial space occupied exclusively by places of worship or non-retail uses will not be funded. Shopping center owners who were the recipients of the 2019, 2020, or 2021 CPIP funding are not eligible to apply for this year’s funding. The CPIP will provide a matching grant or loan to targeted approved shopping centers and retail space for eligible improvements. If approved CPIP projects must begin within 90 days and completed within 180 days. CPIP funding will be disbursed on a reimbursable basis. 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 Redevelopment Authority of Prince George’s County is hereby soliciting applications from eligible shopping centers and retail properties for the Commercial Property Improvement Program (CPIP). Available funding is $900,000 for the FY 2022 funding round. 

APPLICATION DUE DATE Application submission for the CPIP 2022 will open on Monday, August 1, 2022, must be received by Monday, September 19, 2022, 12:00pm (Application submission deadline). No submissions will be accepted after 12:00pm on (September 19, 2022). Redevelopment Authority 9200 Basil Court Suite 504 Largo, MD 20785. Questions may be emailed to: Community Developer Victor E. Sherrod, vsherrod@co.pg.md.us. Responses to all timely submitted questions will be posted to the website on August 31, 2022.