GrantExec

City of Chicago Community Development Grant

$250,000
Closed
IL
Grant Description

The City of Chicago Department of Planning & Development (DPD) offers grant funding to support local commercial, mixed-use, and light manufacturing projects. This initiative aligns with the city's broader mission to strengthen local business corridors and enhance neighborhood vitality, particularly through the Chicago Recovery Plan. The program aims to invest in catalytic developments that build upon DPD's existing investments, supporting a resilient and thriving urban environment. The target beneficiaries for this grant program include community developers, business owners, entrepreneurs, and property owners within Chicago. While applicants from all areas of Chicago are eligible, priority is given to projects located in historically disinvested areas or those with limited private investment. The impact goals are to foster economic growth, enhance community safety initiatives, and leverage local talents, capacities, and institutions to contribute to neighborhood strength. The program prioritizes capital improvement projects, including pre-development, construction, or renovation costs. Mixed-use projects are eligible, though residential-only developments are not. A key focus is on catalytic projects that demonstrate a strong local impact and have clear momentum, with an expectation to break ground within six months of grant acceptance. Site control is preferred but not strictly required. Expected outcomes include the successful completion of vital community projects, increased economic activity in targeted areas, and the creation of more vibrant and resilient neighborhoods. Measurable results would involve the number of projects funded, the scale of investment leveraged, and the tangible improvements in business corridors and community infrastructure. The city's strategic priority is to address historical disinvestment and ensure equitable development across Chicago, utilizing funding sources such as the Chicago Recovery Plan Community Development (Large Grants), Neighborhood Opportunity Fund (Large Grants), and Tax Increment Financing to achieve these goals.

Funding Details

Award Range

$250,000 - Not specified

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

For profit organizations other than small businesses
Small businesses

Additional Requirements

The City of Chicago is committed to strengthening local business corridors and enhancing neighborhood vitality.

Geographic Eligibility

Chicago

Key Dates

Application Opens

June 3, 2024

Application Closes

August 9, 2024

Contact Information

Grantor

Department of Planning and Development

Phone

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Categories
Community Development
Science and Technology
Business and Commerce
Infrastructure
Safety

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