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NOF Grants Will Fund Retail Improvements on South, West and Southwest Sides
The Lightfoot administration recently announced 27 new Neighborhood Opportunity Fund (NOF) grant finalists. A Greater Grand Crossing shared kitchen, a Calumet Heights dance studio and a Humboldt Park juice bar are among the finalists.
Ranging from $49,000 to $1.7 million and collectively valued at approximately $10 million, the NOF grants will support more than $20 million in retail improvements along 14 commercial corridors on the city’s South, West, and Southwest sides.
“One of the hardest parts of being an entrepreneur is securing financing for construction costs,” Department of Planning and Development Commissioner Maurice Cox said. “These grants will help overcome those hurdles.”
The finalists were selected from a spring application period, the first of two submission rounds planned for 2021. A City of Chicago evaluation committee selected the finalists based on proposal completeness, viability, location, applicant experience, neighborhood needs and other factors.
- ◦Financing
