SOMERCOR 504 INC logo

City of Chicago Neighborhood Opportunity Fund (NOF)

SOMERCOR 504 INC

Funding Amount

Up to $250,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

City of Chicago Neighborhood Opportunity Fund (NOF)

Administrator: SomerCor on behalf of the City of Chicago

Geographic Scope: City of Chicago, Illinois - specifically neighborhoods lacking private investment

Program Focus: Community and culture projects in local neighborhoods

What It Funds:

  • Commercial property acquisition

  • Commercial property improvement

  • New construction

  • Community and cultural projects
  • Award Amount: Up to $250,000 per grant

    Eligibility:

  • Projects in Chicago neighborhoods lacking private investment

  • Community-focused businesses and organizations

  • Arts and culture organizations

  • Community centers and educational facilities
  • Funded Projects (Examples):

  • 345 Art Gallery in Garfield Park - 1,000 square-foot expansion for art gallery, events, and classes

  • Melvina Masterminds - arts, science, and technology center for youth on the West Side

  • ¡WEPA! Mercado del Pueblo - business incubator for startup businesses
  • Funding Source: Revenue from downtown developments

    Contact Information:

  • SomerCor

  • Address: 209 S. LaSalle St., Suite 203, Chicago, Illinois 60604

  • Phone: (312) 360-3300

  • Email: info@somercor.com
  • Background: The City of Chicago Neighborhood Opportunity Fund generates revenue from downtown developments to finance community and culture projects in local neighborhoods that lack private investment.

    Focus Areas & Funding Uses

    Fields of Work

    community-developmentartscommunity-centers

    Categories

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