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City to Launch Next Round of Opportunity Fund Grants
The latest round of the City of Chicago’s Neighborhood Opportunity Fund (NOF) 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.
The NOF was created by DPD in 2016 to allocate zoning fees from downtown construction projects toward business projects along South, 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 NOF program has committed $49 million in financing to 157 active and completed projects.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
- ◦Financing
