Unlock Funding for Your Neighborhood Project: Chicago’s $250K Small Grants
Are you a small business owner, property developer, or nonprofit in Chicago dreaming of upgrading your storefront, opening a workshop, or launching a revitalization project? The City of Chicago wants to help—and it’s offering grants up to $250,000 to make it happen.
What the Grant Covers
Funding Levels: Up to $250,000 per project, covering as much as 75% of eligible costs Visit Here
Eligible Projects: Commercial, light-industrial, or mixed-use developments. If residential space is included, it must not exceed 25% of the total and be part of a broader renovation
Expense Types Funded: Hard costs (construction, renovation), soft costs (architectural/design), and acquisition expenses (land or buildings)—with each capped at 25% of the total award
Why It Matters
Chicago is betting big on community-driven revitalization. This grant, part of the 2024 Housing & Economic Development Bond, is meant to boost local businesses, create jobs, and spark neighborhood vitality. It’s not just about brick and mortar—it’s about building more equitable, thriving communities from the ground up.
Who Should Apply?
Small business owners expanding or renovating commercial space
Property owners tackling mixed-use rehab
Light manufacturing or creative studios investing in modern upgrades
Nonprofits and community developers seeking to unlock neighborhood potential
Projects must be revenue-generating and located within Chicago city limits
How to Prepare
Attend a live or recorded information session—available in English and Spanish on the city’s site
Confirm site control—a lease or ownership is required, though documented intent may be accepted
Line up project plans—architects, contractors, and cost estimates help signal readiness
Important Dates and Rules
Deadline: Applications must be submitted by 11:59 pm, August 15, 2025
Funds are reimbursement-based. Recipients pay expenses first and receive funds upon milestone completion
Projects must be finished within two years, and recipients must maintain improvements for at least three more years
Why Now Is the Time to Act
Chicago has set the stage for transformative neighborhood growth. But these grants won’t be won passively—they’re for builders, entrepreneurs, and change-makers ready to take action.
This is your chance to:
Restore a storefront or community hub
Create or retain jobs in your neighborhood
Boost local morale and property value
Lay the groundwork for future redevelopment
Getting Started
Visit the City of Chicago’s Community Development Grant – Small webpage for full guidelines
Register on Submittable (free) to access application materials
Assemble your materials: designs, cost estimates, site control documentation
Attend a webinar or watch the recording for application tips
Submit your full application by August 15—late entries will not be accepted
A Final Word
This grant isn’t just about renovation—it’s about reinvestment. By embracing this opportunity, you can turn dreams into reality for your business, your block, and your city.
Let’s build better, together. Don’t wait for someone else to do it—apply today and drive real change in your community.
