Information you’ll need to provide

This information will vary depending on if you are applying for a nonprofit or a small business, but you can expect to provide:

  • A detailed project timeline and budget
  • Collective ownership governance model, including draft operating agreement
  • Details on a proposed subject property
  • Proof of, or plans to, secure financing and a roster of participating businesses and/or nonprofits
  • Financial statements, operating budget, and pro forma for operating the property
  • A business or strategic plan

Helpful tips

Eager to learn more before you apply? Sign up for a workshop happening on January 18th (Miami Open For Business: Collective Real Estate Ownership (CREO) Webinar) with representatives from The Miami Foundation.

Applications are due on either February 15th or April 15th and decisions will be shared by the end of the month after applying. This is the final year of the CREO program.

Funding will be disbursed at closing and can be used towards: 

  • Up to 20% down payment
  • Can include select closing costs, such as title and lender fees, commission, etc.
  • Note: You should be prepared to pay out of pocket for inspection, appraisal fees, and an earnest money deposit

If your business is in one of these neighborhoods, you can receive one-on-one application support at the following locations:

If your business is not located in one of the neighborhoods listed above, you can still receive assistance through the Florida State Minority Supplier Development Council (FSMSDC).

About this program

Provided by: The Miami Foundation and Partners for Self Employment

If you have questions, you can speak with a program representative at:

Program Information: Miami Open for Business

Additional Information: Collective Real Estate Ownership (CREO) and Program Flyer

Register today!

If you want to learn a new skill or network with business owners and experts, check our our calendar. Updated regularly, this resource is packed with a variety of options for all types of business owners.

Small Business Calendar

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