Launched in Fall 2015, the Hyattsville Community Development Corporation’s Vacant Commercial Property Conversion Program is an financial incentive program that transforms persistently vacant commercial properties in Hyattsville Route One Corridor into tenanted contributors to the local economy. It connects property owners with small business owners and entrepreneurs seeking affordable space for lease in return for an in-kind contribution of each property’s rehabilitation.
Benefits of the program:
- Potential tenants receive access to more affordable, operational space in a challenging environment.
- Program serves as a vehicle for the transformation of the property into a more functional, income producing investment.
- The community benefits by the rehabilitation of commercial properties; the addition of new businesses, services, job opportunities; and the restored economic contribution of the revitalized property.
For more information, please contact our staff.