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Find similar grantsNeighborhood Opportunity Fund (Chicago) is sponsored by City of Chicago, Department of Planning and Development (DPD). This opportunity supports mission-aligned projects and measurable outcomes.
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The Neighborhood Opportunity Fund (NOF) provides capital development grants up to $250,000 for small business and cultural projects located along West, Southwest, and South Side commercial corridors. NOF grants are provided as reimbursement for up to 75% of eligible project expenses with a maximum grant of $250,000. Applicants may qualify for additional funding for Technical Assistance.
Funds are sourced from fees paid by downtown construction projects through the Department of Planning and Development's Neighborhood Opportunity Bonus program. Grants in excess of $300,000 are available through DPD's Community Development Grant (CDG) program. For information on grants between $300,001 and $5 million,visit the CDG-Medium page.
For information on grants exceeding $5 million,visit the CDG-Large page. All NOF projects must be located on an eligibile or priority corridor. To confirm your property is eligibile, email NOF@CityofChicago.
orgwith the full address. NOF grants fund permanent capital improvements. Grants can only be accessed through reimbursement or an escrow agreement for eligible work initiated _after_ receipt of an NOF conditional award letter.
This does not preclude grantees from conducting other due diligence or preliminary activities that are not funded by the grant.
Eligible project types and expenses include: * Commercial (office, retail) * Cultural (museums, theaters, performance venues) * Non-profits with an on-site commercial component * Commercial components of industrial uses * Facade repair, window, and door replacement * Plumbing, electrical, and HVAC work * Acquisition costs - as part of a larger construction or renovation project * Soft costs (design, technical assistance) NOF does not award grants for the construction or rehabilitation of residential uses, manufacturing uses, industrial uses, or places of worship that do not identify commercial as the primary use of a projec t.
For full project eligiblity information, see the NOF Program Manual. Grant Information Sessions Potential applicants are encouraged to attend a grant information session or watch a recording of a previous event. **Webinar** | 10 a.
m. Tuesday, Nov. 3 **2024 webinar videos**Dec.
5 | Nov. 19
According to the current listing, eligibility includes: Business owners located on Chicago's West, South Sides, and Southwest commercial corridors for small projects. No regional barriers for large businesses. Confirm the full requirements in the official notice before applying.
The current listing shows up to $250,000 for small projects; $250,000 to $2.5 million for large projects. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Neighborhood Opportunity Fund (Chicago) is funded by City of Chicago, Department of Planning and Development (DPD). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
Past winners and funding trends for this program
Neighborhood Opportunity Fund (City of Chicago) is sponsored by City of Chicago, Department of Planning and Development (DPD). This fund provides grants for permanent capital improvements to new and expanding businesses and cultural assets located in eligible commercial corridors on Chicago's South, Southwest, and West Sides. This could support renovation or construction costs for a self-storage facility in these areas.
Community Development Grants - Small (City of Chicago) is sponsored by City of Chicago, Department of Planning and Development (DPD). These grants support eligible commercial, mixed-use, and light manufacturing projects within the City of Chicago. Funding covers up to 75% of total eligible project costs for new construction, rehabilitation, or both. Priority is given to projects with strong local impacts. Residential costs cannot exceed 25% of the total grant amount and must be part of a larger building improvement.
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