This fund supports late-stage real estate developments primarily in Chicago's South and West sides that are community-led and nonprofit-driven. Projects must be near economic assets, have secured most capital, and include nonprofit partnerships. Housing projects require non-housing components. Grants up to $1.5M over two years aim to catalyze investment, create jobs, and improve quality of life in historically underinvested neighborhoods.
Projects must be late-stage with 75% capital secured, located in Cook County's South or West side neighborhoods, near economic assets, involve community input with a nonprofit partner, and have proof of site control. For-profit projects require a nonprofit partner and fiscal sponsor.
