Commercial Real Estate Development Eligibility Criteria:

To be eligible, applicants must meet the baseline criteria outlined below. Additional requirements apply based on the selected project track.

Requirements

  • Must be located in a Small or Midsized City (population 50K–500K).
  • Must demonstrate site control or a clear path to acquisition for a commercial real estate development project.
  • Coalition must include representation from an anchor institution within 5 miles of the development site. Anchor institutions may include:
    • Educational institutions (e.g., HBCUs, MSIs, community colleges, universities)
    • Healthcare providers (e.g., hospitals, health systems, FQHCs)
    • Faith-based institutions (e.g., churches, religious networks)
    • Civic or cultural institutions (e.g., libraries, museums, civic centers)
  • Coalition must also be comprised of at least two—but no more than three—cross-sector partners from your city. Additional partners can include:
    • Economic development organizations
    • Local government entities (e.g., public agencies, city council, mayor’s office, relevant department)
    • Community-based organizations
    • Private sector partners (developers, investors, businesses)
    • Philanthropic institutions
    • Financial institutions (e.g., CDFIs, credit unions, banks)
  • Unless you were a local government partner, coalition orgs must not have already participated in a 2025 NGIN LEAP trip (Philadelphia – Feb 2025, Cleveland – Jun 2025).
  • Must submit a single application on behalf of your coalition with letters of commitment from each partner. Each track has its own application—please complete the appropriate one. For a letter of support template, visit: https://newgrowth.org/ngin-initiatives/strategic-capacity-for-advancing-local-economies#helpfullinks
  • Preferred Qualification: Applicants with at least $100,000 in committed pre-development capital are likely to be more competitive.