Ownership and Opportunity Fund

We offer gap financing for small business owners to purchase and develop commercial properties.

Notice of Funding Availability


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.

Learn more about the Ownership and Opportunity Fund


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.


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.

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Business Development Loans

Community Planning & Economic Development