Large Capital Grants Program Approval Resolution of 2024

This bill approves new regulations for the District of Columbia's Large Capital Grants Program, which provides funding for significant arts and humanities facility improvements or purchases. To qualify, applicants must be nonprofit organizations with a primary mission in the arts or humanities that have operated in the District for at least one year. The program is designed for larger projects, offering grants between $900,000 and $1,500,000 to facilities with a tax valuation of at least $1 million. Eligible recipients must either own the property or hold a lease with at least 30 years of occupancy history and a minimum of seven years remaining. The resolution establishes these eligibility and disbursement rules to ensure the program's equity, transparency, and long-term sustainability.