Commercial Property Improvement Program

The Redevelopment Authority of Prince George's County (RDA) announced today that $1 million in funding is available through the Commercial Property Improvement Program (CPIP) and applications for funding are now being accepted. Applications are available starting today, October 21 2024 , and the deadline to submit the application is December 9, 2024, by 12:00 p.m. The CPIP was established to assist owners of shopping centers and retail street storefronts properties with improving exterior facade, place making, lighting, and major building systems improvements that enhance retail competitiveness and viability.

“We are excited to announce this year’s round of Commercial Property Improvement Program funds,” said County Executive Angela Alsobrooks. “Economic development has been a key priority throughout my administration. These types of grants are crucial in supporting our growing business community and our overall efforts to strengthen Prince George’s. Through this grant opportunity, we are able to support the revitalization of shopping centers and other retail spaces, which will attract new businesses to the County and create jobs for Prince Georgians right here at home.”

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 in order to apply for the CPIP funding. The minimum grant is $50,000 for $100,000 in total project costs and the maximum grant is $350,000 for $700,000 or more in total project costs.

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, 2021, 2022 or 2023 CPIP funding are not eligible to apply for this year’s funding.

While CPIP will reimburse up to 50% of approved construction costs as costs are incurred and documented, architectural design and permit costs will not be reimbursed until after construction is completed. In addition, construction on the approved project must begin within 90 days after grant approval and must be completed within 180 days after approval. Incomplete submissions will not be accepted.

There will be a Commercial Property Improvement Program virtual pre application webinar will be held on Monday October 21, 2024 at 11:00 am. Interested participants should RSVP for the webinar by 5:00 PM on Tuesday October 15, 2024 to receive the Zoom link and passcode to attend at CPIP@co.pg.md.us.

Questions may be sent to Victor E. Sherrod at vsherrod@co.pg.md.us. RDA will post responses to all submitted questions by Tuesday November 12, 2024. Please hand deliver four (4) hard copies of your submission to:

Questions/Inquiries related to the CPIP Program can be emailed to:

CPIP@co.pg.md.us or Voice Mail 301-883-3623