The Department of Planning and Development (DPD) Large Community Development Grant (CDG-L) program supports commercial, mixed-use and light industrial development citywide, issuing grants in excess of $5 million.
Donor Name: City of Chicago
State: Illinois
City: Chicago
Type of Grant: Grant | Reimbursement
Deadline: All Time
Size of the Grant: More than $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
Large grants exceeding $5 million 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.
Eligible Uses
- 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 (healthcare, education)
- Mixed-use residential (10+ units with 100% ground floor commercial use)
- Social services (workforce development, unhoused interventions, etc.)
- Eligible grant uses include construction-related hard costs, pre-development soft costs such as design and site preparation expenses, and acquisition costs.
- Large grants can be used for projects anywhere in the City of Chicago; however, projects that are completed are ineligible for funding.
Eligibility Criteria
Private and non-profit developers, tenants and property owners are eligible to apply individually or jointly during competitive, semi-annual funding rounds.
For more information, visit City of Chicago.
