• A collaborative of 2 or more small businesses and/or nonprofits.
• Owned or led by person(s) who is one or more of the following:
  • Black
  • Disabled
  • Hispanic/Latino
  • LGBTQ+
  • Middle Eastern/North African*
  • Military veteran
  • Native or Indigenous*
  • Refugee*
  • * New for 2024
• In operation for at least 2 years.
• Based in and serving Miami-Dade County.
• Interested in a property located in one of these communities.

• Complete an application to describe your collaborative, your plans for the property, and plans to acquire financing.
• Strong applications have:
  • agreed upon the business terms of the collaborative, such as % equity share ownership.
  • identified 1-2 subject properties.
  • have relationships with a real estate agent, mortgage lender, and attorney. 

Below are the required attachments: 

• Project Documentation
  • Project timeline
  • Project budget* (Must use CREO template)
• Organizational Documentation
  • Resume for lead of all owner organizations
  • Business or strategic plan for lead organization
  • Draft operating agreement describing business terms
• Financial Documentation**
  • Two years of tax statements for all owners
    • Form 990 (nonprofit) or business tax return
  • Annual operating budget for all owners
    • Ensure it includes both income & expenses
  • Income or profit & loss statement for all owners
  • Pro forma financials for the collaborative
    • Including all projected monthly income & expenses
  • Mortgage pre-qualification and purchase agreement, if available

* CREO project budget template must be used.
** Templates for financial documentation are available, but not required to be used.

• This is the last year of funding.
• Applications are due by either February 15 or April 15, 2024.
• Decisions are communicated by the end of the following month:
• Example: Apply by 2/15, notified by 3/31/2024

• Reach out to one of the organizations we have partnered with.
• Attend office hours with the application team.
• Watch the info session webinar we are hosting on January 18 from 1-2pm.

• Approximately 4-6 collectives are funded each year.
• After each deadline, we review and score applications using the criteria below.
• Proposals and scores are shared with our expert investment review committee to decide which projects will be funded.
  1. Proposal is feasible and aligns with program goals to support small businesses
  2. Owner(s) represent multiple aspects of historical disadvantage
  3. Collective ownership model is concrete and aligns with program goal of shared equity
  4. Financing plans and estimated payments are realistic and attainable
  5. Collaborative members have strong organizational and financial capacity
  6. Proposal will provide high-impact and create benefit for the community