Chicago Rebuild 2.0

RFP Cover



The Department of Housing is seeking one or more CDFI’s to administer the Chicago Rebuild 2.0 program. The program provides grants to developers to acquire vacant/abandoned properties for rehab and sale to owner-occupants. Grants are also available to ‘right-size’ the sales price to ensure developers realize a reasonable profit.  The focus of Chicago Rebuild 2.0 is maintain properties located in neighborhoods that have experienced disinvestment.

Important Links

Key Dates

RFP Release Date: Friday, February 9, 2024

Virtual Pre-bidders Conference:
Wednesday, February 14, 2024 at 10:00 am

RFP Due Date: Friday, February 23, 2024 at 11:59 pm

Evaluation Criteria

Proposals will be evaluated and selected based on the applicant’s organizational capacity and values, program design implementation, budget justification and capacity, and experience, including the following criteria:

  • Certified Community Development Financial Institution (CDFI)
  • Located in and operating in City of Chicago
  • Capacity to provide rehab financing to developers
  • Capacity to monitor, ensure, and report compliance with State of Illinois Prevailing Wage requirements


Supporting Information Facts


I Want To