Applications are now being accepted for the Community Development Large Grant.
Donor Name: City of Chicago
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: All Time
Size of the Grant: More than $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
The Community Development Grant Large are intended to support eligible commercial, cultural, industrial, institutional, social service and mixed-use projects. Grants are intended to support approximately 25% of total project costs involving new construction, rehabilitation or both.
Large grants are funded through proceeds from Tax Increment Financing (TIF) and the Housing and Economic Development (HED) bond. The source of funding for each Large grant is determined at the discretion of DPD. Funding is provided as a lump-sum reimbursement upon project completion. At the discretion of DPD, funding may be offered as a loan rather than a grant.
Funding Information
Grant up to $5 million.
Uses of Funds
Proposed projects must primarily comprise one of the following uses either independently or combined with another eligible use:
- Commercial (office, retail)
- Cultural (museums, theaters, performance venues)
- Industrial and manufacturing
- Institutional (health care)
- Mixed-use residential (10+ units with 100% ground floor commercial use)
- Social services (workforce development, unhoused interventions, etc.)
Eligibility Criteria
Tenants and lessees; property owners and lessors; business owners; and developers are eligible to apply for CDG-L. Eligible users can apply independently or in combination with another eligible user, such as an owner-occupied building. Non-profit, social service, and religious organizations are eligible to apply for CDG-L, but the project must be an eligible use that is generally accessible to the public.
For more information, visit City of Chicago.
