Commercial Rental Assistance Grant (CRAG) Program

The Nevada Commercial Rental Assistance Grant (CRAG)

The Nevada Commercial Rental Assistance Grant (CRAG) makes $19MM in Coronavirus Relief Funds available for commercial rental relief for Nevada small businesses (including non-profits, sole proprietorships, independent contractors and those that are self-employed) that have lost revenue as a direct result of the COVID-19 pandemic.

 Application process is closed. 

UPDATED 9/18: All documents and required information must be uploaded and applications submitted no later than Wednesday, September 23 at 5pm (PST). No applications received after this deadline will be reviewed.

Ι About the Grant

Funding of up to $10,000 may be available to cover lease payments that have or will become due during the COVID-19 Pandemic. Applicants are not required to be in arrears on rent. Eligible businesses and non-profits entities that have prioritized paying rent over other expenses during the COVID-19 Pandemic are encouraged to apply.

Fund awards will be based on actual cost of rent and any applicable charges due under a lease (not to include payments for property taxes and utility payments), as well as the percentage of lost revenue as a result of the COVID-19 Pandemic.

Payments will be made directly to a landlord or leasing company to cover payments due under a commercial lease. Applicants are encouraged to talk with their landlords early in the process to confirm their willingness to participate.

The CRAG Program will be administered through the State’s vendor, National Development Council (NDC).

Ι QUALIFICATIONS

Eligible entities:

To qualify for the CRAG Program, an Applicant must meet ALL of the following criteria:

• Be a for-profit business or a non-profit organization with Nevada as its principal place of business;
• Must have all required State and local business licenses (all must be active and in good standing);
• Be in operation with 50 or fewer full-time employees;
• Have been in operation in Nevada for at least 6-months prior to March 1, 2020;
• Demonstrate at least a 30% loss of gross monthly revenue after March 1, 2020 as a direct result of the COVID-19 pandemic;
• Have a physical commercial location (no home-based businesses) with a current, active lease on commercial property in the state of Nevada;
Update as of 8/31/2020: All entities who have received PPP or similar funding (in any amount) are eligible to participate in CRAG; however funding will be awarded first to those entities who did not receive PPP or other forms of assistance in excess of $5,000; and
• Must not have any outstanding federal, state or county tax liens.

Ineligible entities:

Businesses illegal under federal law and home-based businesses are not eligible to receive CRAG funding.

Ι Required Information and Documentation

All applicants will be required to verify their eligibility for CRAG through the following documents:
• Current lease/rental agreement;
• Documentation of most recent lease/rental payment;
• Landlord contact information;
Landlord Acknowledgement (must be notarized);

o Example of Grant Agreementthis is NOT AN OFFICIAL COPY – FOR SAMPLE USE ONLY.

• W-9 Request for taxpayer Identification Number and Certification Copy of active business license(s) OR certificate of Incorporation in Nevada as an eligible nonprofit organization;
• Nevada State Business License and copies of all local licenses;
• W-2 or payroll schedule;
• Partnership agreement / Articles of Incorporation or other relevant organization documents
• Hardship Statement (including 2020 financials):
• Summary of business operations prior to COVID-19 and impact of COVID-19  pandemic on business operations, including 2020 financials
• Profit & Loss statement for 4-week period within 12 months of application date (period will determine baseline for revenue loss calculation)
• Profit & Loss statement for the 4-week period of revenue loss (after March 1, 2020)
• Copy of photo I.D.
Certification of Prioritization Eligibility (if applicable)
• Any other required documents to facilitate funding

Ι Application Process

 Grant applications will be accepted on August 24th at 8am PST and closed on Tuesday, September 8th at 5pm PST.

UPDATED 9/15: Once approved to move forward, all documents and required information must be uploaded and applications submitted by Monday, September 21 at 5pm (PST). We have extended the deadline to ensure all applicants have at least 1 week to upload their documents as Program staff works through the initial applications.

Landlord Participation

The CRAG Program will make payments directly to a landlord. Applicants are encouraged to talk with their landlords early in the process to confirm their willingness to participate. By participating in the CRAG Program, landlords must agree to hold off on commencing eviction proceedings for 90-days following receipt of grant funds or, as applicable, cancel any pending evictions against applicant.

Program staff will contact landlords directly for the following documents after tenant eligibility is verified:
• W-9
• ACH Direct Deposit Form
• Landlord Grant Agreement
• Any other required documents to facilitate funding

Prioritization of Applications:

To the extent funding is available, completed applications will be prioritized in the following order:
• Disadvantaged Business Enterprises*, or non-profit entities who have lost 50% or more in revenues from previous year;
• Business who have lost 50% or more in revenues from previous year;
• Disadvantaged Business Enterprises, or non-profit entities who have lost less than 50%, but more than 40% in revenues from previous year;
• Business who have lost less than 50% but more than 40% in revenues from previous year;
• Disadvantaged Business Enterprises, or non-profit entities who have lost between 40% and 30% in revenues from previous year;
• Business who have lost between 40% and 30% in revenues from previous year.

Updates as of 8/31/2020:

• Disadvantaged Business Enterprises, or non-profit entities who have lost 30% or more in revenues from the previous year and who have received PPP or other COVID-19 related assistance in the amount less than $5,000

• Business who have lost 30% or more in revenues from the previous year and who have received PPP or other COVID-19 related assistance in of the amount less than $5,000

• Disadvantaged Business Enterprises, or non-profit entities who have lost 30% or more in revenues from the previous year and who have received PPP or other COVID-19 related assistance in the excess of $5,000

• Business who have lost 30% or more in revenues from the previous year and who have received PPP or other COVID-19 related assistance in of the excess of $5,000

*To view definition of Disadvantaged Business Enterprise click here.

Ι Contact

For general questions about the CRAG Program please submit your inquiries at:

ask@Nevadatreasurer.gov  or  goed@diversifynevada.com .

For media inquires please contact:

Erik Jimenez
Senior Deputy
Office of the State Treasurer
ejimenez@nevadatreasurer.gov

Gregory R. Bortolin
Director of Communications
Governor's Office of Economic Development
grbortolin@diversifynevada.com