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.
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.
- Compare the geocoded point for this address with the boundary used in this screening. A match is a location signal; review the current program source for the boundary's role and remaining criteria.
- Administered by the Department of Planning and Development with rolling, quarterly-evaluated applications.
Related programs
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.