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Industry News

19 Jul 2022

Finalists Announced for Community Development Grant Funding

Finalists Announced for Community Development Grant Funding

Nearly $50 million in Community Development Grants have been announced to support 79 economic development projects planned for local neighborhoods. The deadline to apply for the final round of grants in 2022 is August 19.

Ranging from approximately $23,000 to $13.5 million, each grant will be used for interior and exterior renovations, building system upgrades, new construction, and other eligible expenses. Total project costs are estimated at $97.8 million.

“These grants invest directly in Chicago’s future by creating more resilient and economically vibrant communities across our city,” said Mayor Lori Lightfoot. “When our local entrepreneurs have the tools they need to grow their small businesses, they can thrive and make our neighborhoods that much more livable, functional, and enjoyable.

“I want to congratulate each and every one of our 79 finalists, as well as thank them for helping to fulfill a need within their respective communities.”

Finalists were selected from about 600 applications and decisions were based on readiness, viability, location, design, neighborhood needs, community impact, and other factors.

Large grant finalists include:

  • CircEsteem, 4730 N. Sheridan Rd., Uptown
  • National Public Housing Museum, 1322-42 W. Taylor St., Near West Side
  • Chicago Market, 4620 N. Broadway Ave., Uptown
  • G. Woode, 1022 W. 63rd St., Englewood
  • Juan Teague | Batter & Berries, 5924 W. Chicago Ave., Austin
  • Rome’s Joy Catering, 4455 S. King Dr., Grand Boulevard
  • The Ave Café, 5249 W. Chicago Ave., Austin
  • Yellow Banana, 10700 S. Halsted St., Morgan Park
  • Yellow Banana, 2858 E. 83rd St., South Chicago
  • Yellow Banana, 420 S. Pulaski Rd., West Garfield Park
  • Yellow Banana, 4439 W. 63rd St., West Lawn
  • Yellow Banana, 7240 S. Stony Island Ave., South Shore
  • Yellow Banana, 7908 S. Halsted St., Auburn Gresham
  • Esperanza Community Services, 520 N. Marshfield Ave., West Town
  • Bourdeau Griffin Design Center, 8233 S. Princeton Ave., Chatham
  • Urban Market Exchange, 525 E. 67th St., Woodlawn

Also, 63 small grant finalists will receive $250,000 each. The design and scope of each project will be finalized in the months ahead with construction expected to be completed in the subsequent 18 to 24 months.

A list of all finalists, addresses, and grant amounts is available on the Department of Planning and Development’s (DPD) website.

Projects are located in 36 of the city’s 77 community areas across 35 wards.

“Recovery Grant funding helps existing and new entrepreneurs to improve neighborhoods one address at a time, creating new jobs, new destinations, and new amenities that make Chicago neighborhoods so special,” said DPD Commissioner Maurice Cox.

Read more on Chicago Construction News



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