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CRA South Cape Cares Assistance Program

Cape Coral Redevelopment Agency (CRA)
South Cape Cares Assistance Program

THE APPLICATION PERIOD CLOSES JUNE 12 AT 4 P.M.

PROGRAM INFORMATION:

In response to COVID-19 and its impact on businesses, the Cape Coral Community Redevelopment Agency (CRA) recently established a loan program to assist businesses with rent or mortgage assistance. The CRA is investing $300,000 in businesses located within the CRA special taxing district that were negatively impacted due to closures and other restrictions as a result of the pandemic.

Beginning Monday, June 8, 2020, eligible business owners can apply for up to $5,000 in rent or mortgage payment assistance. The deadline to submit completed applications and any required documents is Friday, June 12 at 4 p.m. Incomplete applications will not be reviewed.

Businesses that are eligible for the “South Cape Cares Assistance Program” include restaurants, retail outlets, and other businesses deemed as “non-essential” by Florida’s “Safer-At-Home Act”. Ineligible businesses are those businesses that were not significantly impacted by closures or other mandates related to the pandemic. These businesses include national chains, home-based businesses, and other businesses deemed “essential” under the Act.

ELIGIBILITY:

  • Assistance is for businesses located in the CRA special taxing district. To view the CRA district boundaries, click here. 
  • Up to $5,000 to qualifying businesses physically located in the CRA since January 2019
  • Funds can only be used for rental or mortgage payments
  • Payment will be made directly to the applicant’s landlord or mortgage company
  • Businesses are only eligible for one loan per business
  • All completed applications will be time stamped and processed in order
  • Loans shall be forgiven on a sliding scale provided they remain open in the CRA

                      Remain open in South Cape for one year:          25% forgiven
                      Remain open in South Cape for two years:        50% forgiven
                      Remain open in South Cape for three years:     100% forgiven

HOW TO APPLY:
Applications can be submitted beginning Monday, June 8 at 8 a.m.
The application deadline is Friday, June 12 at 4 p.m.

1.   Complete the online application and email the completed application to              southcapecares@capecoral.net by 4 p.m. on Friday, June 12. ONLINE APPPLICATIONThe application can be found here.

2. Applicants may apply in-person by picking-up a paper application at the Chester Street Resource Center (4816 Chester Street, Cape Coral) Monday through Friday from 8 a.m. to 4 p.m. Completed paper applications and and all required documents should be returned in-person at the Resource Center no later than 4 p.m. on Friday, June 12. 

REQUIRED DOCUMENTATION:
To view a checklist of required documentation, please click here.


DEADLINE TO APPLY:
Completed applications and all required documents must be submitted by 4 p.m. on Friday, June 12, 2020.

QUESTIONS:
southcapecares@capecoral.net
(239) 242-3737

South Cape CRA