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Answer

What is the Neighborhood Opportunity Fund?

The Neighborhood Opportunity Fund (NOF) is a City of Chicago grant that reimburses commercial and industrial projects in underinvested South, Southwest, and West Side neighborhoods. It's funded by downtown development fees and reimburses up to $250,000, covering 75% of eligible costs.

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What to know

  • Covers construction, renovation, and equipment for community-serving projects.
  • An additional technical-assistance bonus (up to $50,000) is available with an approved TA provider.
  • Eligibility is geographic — your project must sit in a qualifying community area.
  • Administered by the Department of Planning and Development with rolling, quarterly-evaluated applications.

Related programs

Neighborhood Opportunity Fund

Sources

This is a discovery tool, not legal, tax, or eligibility advice. Confirm current requirements with the administering agency before applying, certifying, or relying on any program listed here.

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