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The City of Chicago’s Neighborhood Opportunity Fund will open for grant applications from entrepreneurs and nonprofit groups on the South, West and Southwest sides next month, with more than $5 million in funding available.
Applications for funding from the Department of Planning and Development (DPD) program will open on Monday, Sept. 14 with a deadline of Friday, Nov. 6. Grants of up to $250,000 will be available to rehabilitation and new construction projects. A map of eligible areas and additional application details can be found on the program’s website, www.chicago.gov/nof.
DPD will host two virtual informational sessions next week to assist potential applicants in prepping for the process.
NOF Info Session (Spanish)
3:30 p.m., Wednesday, Aug 26 | Register on Zoom
NOF Info Session (English)
12:30 p.m., Thursday, Aug. 27 | Register on Zoom
The Neighborhood Opportunity Fund was created by DPD in 2016 to allocate zoning fees from downtown construction projects toward business projects along West, Southwest and South side commercial corridors.
Grants may be applied toward costs including building rehabilitation, new construction, design, site acquisition and preparation, technical services and other expenses.
To date, the Neighborhood Opportunity Fund program has committed $49 million in financing to 157 active and completed project across the West, Southwest and South sides of Chicago.