Apply for the Fund


The Neighborhood Opportunity Fund finances projects in commercial corridors across Chicago's South, Southwest and West Sides.

Application Round 2 Update: What's next for Round 2 applications?

For applications requesting $250,000 or less:

We are reviewing over 400 new applications as well as over 350 applications that were rolled over from Round 1, so we will inform all applicants of their application’s status/selection by April 30, all via email. During the review process, if questions come up about an application, you may hear from us to get some clarification or additional information on a certain aspect of your application. We look forward to partnering with another class of entrepreneurs, and we are grateful for the enthusiasm for and excitement around investing in our neighborhoods.

For applications requesting more than $250,000:

These applications are accepted on a rolling basis, so they are reviewed as sufficient funding for larger projects is generated, and we will be in touch with applicants as funds are collected. Please note that these projects will need to have a Development Agreement with the Department of Planning and Development and ultimately obtain approval by City Council prior to funding.

Step 1: Determine Project Eligibility

Ready to apply? Start your application below by seeing if you qualify.

Search for your project address and see if you are eligible to apply for a Neighborhood Opportunity Fund grant.


Step 2: Review Program Guidelines

Review the the program guidelines to learn about the rules, regulations, and requirements for applicants, as well as an overview of the application review and project selection process.

Step 3: Get More Information

During Application Rounds, we host Rollout Sessions at which the Department of Planning and Development and SomerCor staff give a program overview and answer any questions you have. These meetings typically include a Resource Fair which will allow attendees the opportunity to engage in one-on-one conversations with small business lenders and staff from other small business resource providers. We encourage you to send any specific questions to NOF@cityofchicago.org or to reach out to your local City delegate agency.

Step 4: Submit an Application

The deadline to submit an application for Round 2 of the program was December 22, 2017. We will post the dates for upcoming Application Rounds once they are scheduled. To stay informed on future Application Round dates, Rollout Sessions, and other general program announcements, you can subscribe for updates by clicking here.

If your application is for a project requesting more than $250,000, you may apply at any time, as those applications are accepted on a rolling basis.

Deadlines

Application opening and end dates are:

Start date End date
Round 1 February 27, 2017 April 21, 2017
Round 2 October 4, 2017 December 22, 2017
Round 3 To be announced To be announced

Questions?

Contact us for assistance with understanding the program guidelines and application process or with any questions about the program.