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ActiveCity of Chicago · 2026
Neighborhood Opportunity Fund
Quick Facts
Agency
City of Chicago
Funding
Up to $250,000 (covers 75% of eligible permanent build and renovation costs) plus up to $50,000 for technical assistance.
Deadline
November 13, 2026 (2 days remaining)
Quarterly deadlines; next deadline August 14 per page body.
Status
Active
Funding Cycle
Quarterly
Eligibility
Business owners and property owners in Chicago's west, southwest, and southside communities. Grants support construction and rehabilitation of commercial real estate.
Grant Type
Capital Grant
Geographic Scope
Chicago, IL (West, Southwest, And South Side Commercial Corridors)
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✓ Direct apply link
About This Grant
Neighborhood Opportunity Fund is sponsored by City of Chicago. Created by the City of Chicago, this fund develops commercial areas and stimulates economic growth in underserved communities. Business owners and property owners in Chicago's west, southwest, and southside communities may be eligible for grants to support commercial real estate construction and rehabilitation.
Extracted from an opportunity page that may no longer be available. Verify current details with the funder.
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 if they use a DPD-approved project management or architect service provider.. 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
Eligibility Requirements
Business owners and property owners in Chicago's west, southwest, and southside communities. Grants support construction and rehabilitation of commercial real estate.
According to the current listing, eligibility includes: Business owners and property owners in Chicago's west, southwest, and southside communities. Grants support construction and rehabilitation of commercial real estate. Confirm the full requirements in the official notice before applying.
How much funding does Neighborhood Opportunity Fund offer?
The current listing shows up to $250,000 (covers 75% of eligible permanent build and renovation costs) plus up to $50,000 for technical assistance. Verify award ceilings, matching requirements, and allowable costs in the official notice.
When is the deadline for Neighborhood Opportunity Fund?
Applications for Neighborhood Opportunity Fund are due November 13, 2026. This is a quarterly program. Build your timeline backwards from this date to cover registrations, approvals, and final submission checks.
Who funds Neighborhood Opportunity Fund?
Neighborhood Opportunity Fund is funded by City of Chicago. Verify program details on the funder's official page before applying.
How do I apply for Neighborhood Opportunity Fund?
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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