Property Owner Rental Relief Fund

Grant Support for Property Owners Providing Rental Relief to Commercial Tenants

APPLICATIONS ARE CURRENTLY CLOSED. WE ARE PROCESSING APPLICATIONS RECEIVED AND WILL DETERMINE WHETHER RESOURCES EXIST TO DO A SECOND ROUND.

 

The Property Owner Rental Relief Fund has been created to support Detroit property owners with commercial tenants who have been impacted by the economic crisis caused from COVID-19. Grants will be made to eligible property owners who are providing unconditional rent relief to their retail, commercial, or office tenant(s). The grant will be sized to support 2 months of commercial tenant relief up to $10,000 total.

If awarded, the property owner will be required to submit documentation of rent relief provided to the tenants. This rent relief must be a full or partial waiver of rent, not a deferral to be paid at a later date. Funds are to be used to offset rent payments that would have been received from the commercial or retail tenant.

Eligibility requirements include:

Questions? See our FAQ document or contact ReliefFund@InvestDetroit.com.

The Property Owner Rental Relief Fund is sponsored in part by a grant from the
New Economy Initiative (NEI).