The Property & Business Improvement Program provides financial assistance for interior and exterior improvements to commercial and mixed-use properties within the CRA Area. The program is intended to support property rehabilitation, business improvements, and continued private investment.
PROPERTY AND BUSINESS IMPROVEMENT PROGRAM (PBIP)
Funding Assistance
Funding is provided as a forgivable loan, subject to program requirements and available funding.
- CRA Area Projects: The CRA may fund up to 75% of eligible project costs, not to exceed $225,000.
- Focus Area Projects: The CRA may fund up to 90% of eligible project costs, not to exceed $225,000.
- Any costs exceeding the approved CRA funding award are the responsibility of the property owner.
Focus Areas
Properties located within designated Focus Areas may qualify for a higher percentage of CRA funding.
Not sure if your property is located within a Focus Area? Review the Focus Area Map and contact CRA staff to confirm eligibility before submitting an application.
Eligible Improvements
Eligible improvements may include:
- Interior and exterior renovations
- Building restoration and rehabilitation
- Permanently installed fixtures and building systems
- Commercial kitchen upgrades and permanently installed equipment
- Architectural and engineering services
- Permitting and application fees
Before You Apply
Prospective applicants should review the Fort Lauderdale CRA Incentive Program Guidelines and contact CRA staff to discuss the proposed project before submitting an application. CRA staff can assist with determining program eligibility, applicable funding levels, and required documentation.