Neighborhood Opportunity Fund – Grant Information Session

The Neighborhood Opportunity Fund (NOF) provides capital development grants up to $250,000 for small business and cultural projects located along West, Southwest, and South Side commercial corridors. NOF grants are provided as reimbursement for up to 75% of eligible project expenses with a maximum grant of $250,000. Applicants may qualify for additional funding for Technical Assistance.

Funds are sourced from fees paid by downtown construction projects through the Department of Planning and Development’s Neighborhood Opportunity Bonus program.

Grants in excess of $300,000 are available through DPD’s Community Development Grant (CDG) program. For information on grants between $300,001 and $5 million, visit the CDG-Medium page. For information on grants exceeding $5 million, visit the CDG-Large page.