Chicago Awards $33M in Grants for 58 Commercial Projects
A South Shore intergenerational housing complex, a new headquarters for a West Garfield Park gun violence prevention organization and a Roseland coffee shop are among 58 neighborhood improvement projects to be supported through $33 million in Chicago city development grants.
The projects collectively represent $90 million in public-private investments. Nine projects were selected to receive grants ranging from $500,000 to $5 million, while an additional 45 improvement projects were selected to receive “small grant” awards ranging from $51,800 to $250,000.
“Through this investment, the City is doubling down on its role as a partner, empowering the businesses and organizations that are already serving our people and shaping our city’s future,” said Mayor Brandon Johnson.
The awards are funded through Johnson’s $1.25 billion Housing and Economic Development Bond, Tax Increment Financing and Neighborhood Opportunity Fund (NOF) proceeds. The NOF program uses downtown construction fees to support small businesses and cultural projects within West, Southwest and South Side commercial corridors.
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Remax Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout