Overview
Our program, previously called the Commercial Property Development Fund, gives forgivable loans for purchasing and developing commercial property in Minneapolis, especially in areas that need economic support.
Ownership and Opportunity Fund
We offer gap financing for small business owners to purchase and develop commercial properties.
Notice of Funding Availability
Funding
In 2024, we set aside $3.5 million for this loan pool. Since the program began in 2020, approved loans have varied from $190,000 to $1,500,000, covering about 5% to 33% of total project costs for 23 projects in total.
Application
You can apply for support from this loan program anytime.
Review documents below for more information.
Ownership and Opportunity Fund document
You can view the notice of funding availability.
Contact us
Business Development Loans
Community Planning & Economic Development