The City of Chicago is accepting applications for its Community Development Grant – Small.
Donor Name: City of Chicago
State: Illinois
City: Chicago
Type of Grant: Grant | Reimbursement
Deadline: 11/08/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Small grants up to $250,000 are intended to support eligible commercial, mixed-use and light manufacturing projects. Grants provide funding for up to 75% of total eligible project costs involving new construction, rehabilitation or both.
Priority is given to projects with strong local impacts that leverage local talents, capacities and institutions and contribute to community vitality.
Funding is provided on a reimbursement basis; all project expenses are paid upfront by awardees. Grant disbursements are made at defined milestones during construction.
Uses of funds
- Proposed projects must be revenue-generating and comprise the following uses:
- Commercial (office, retail)
- Light industrial
- Mixed-use residential (residential costs cannot exceed 25% of total grant amount and must be part of a larger building improvement, such as HVAC/plumbing).
- Grant uses may include hard costs, soft costs and acquisition costs. Acquisition and soft costs must be part of a broader commercial project. Acquisition costs cannot exceed 25% of the total grant amount.
Who can apply?
Private and non-profit developers, property owners and businesses are eligible to apply.
For more information, visit City of Chicago.
