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NOF Applications Are Open - Next Deadline 2/13
Neighborhood Opportunity Fund (NOF) applications remain open and the City is accepting applications on a rolling basis (continuously throughout the year)!
Submitted applications will be reviewed on a quarterly basis, the next deadline is 11:59 p.m. on Friday, February 13th (Applications submitted after February 13 will be reviewed the following quarter.)
The NOF is an innovative program that invests downtown development fees in catalytic commercial corridor investments on the South, West and Southwest Side. Designed to stimulate business activity, strengthen amenities, and deliver essential services, NOF grants up $250,000 may be redeemed by successful applicants through reimbursements or construction escrows.
Theses application rounds include the following improvements for grantees:
- Additional technical assistance for up to 20% of the grant amount to cover services provided by pre-selected project managers and architects.
- Grant coverage up to 75% of project costs, up from 50%.
- Loan Loss Reserve funding from pre-selected Community Development Financial Institutions (CDFIs)
For more information on the program, informational webinars, and in-person community meetings, please visit , , or contact [email protected].
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