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