Land & Building Acquisition Program Grant

Funder: Illinois Department of Commerce and Economic Opportunity (DCEO)

The Land & Building Acquisition Program, administered by the Illinois Department of Commerce and Economic Opportunity, aims to enhance the quality of life for Illinois residents through funding for land acquisition and capital improvements. With a total grant amount of $1,000,000, applicants are required to submit detailed project narratives and budgets, demonstrating the scope of their projects and the anticipated impact on the community. This initiative supports the goals outlined in Public Act 103-0589.

This Notice of Funding Opportunity (NoFO) sets forth the requirement of the State Fiscal Year 2025 (SFY25) Department of Commerce and Economic Opportunity (DCEO) Grants Management Initiative. DCEO administers grant programs designed for capital improvements as defined within the annual appropriation bill (Public Act 103-0589) set forth by the Illinois General Assembly.
The goal of this program is to improve the quality of life of Illinoisans. The intent of this grant is to fund costs associated with land acquisition and/or capital improvements to the facility located at or near 6810 South Halsted Street in Chicago. The funded project must meet bondable requirements as set forth in 30 ILCS 425 The Build Illinois Bond Act.
The successful grantee will be required to report on the expenditure of funds and the specific improvements rendered as a result of this funding. Using the Periodic Financial Report (PFR) and Periodic Performance Report (PPR) templates, and providing all required detailed supporting information including the expense tracking spreadsheet (ledger), grantees must be able to relate financial data to performance accomplishment that support DCEO’s mission to improve the quality of life for Illinoisans.
Funding Information
This grant program is utilizing state funds appropriated by the Illinois General Assembly as indicated in Public Act 103-0589.
The total amount of grant funds for this award is $1,000,000.
Applicants must submit a project narrative that describes in detail the proposed project activities (i.e., how the applicant intends to execute the award). The project narrative should include enough information for DCEO to understand the scope of the project, including a detailed breakdown of the costs associated with each utilized budget line and any additional necessary detail to enable DCEO to manage the grant agreement activity against planned project performance. A detailed breakdown of tasks and an estimated project timeline are also required. The Project Narrative must include evidence of need, capacity, economic impact, need, and quality as defined in Section E.1.
Agreement(s) and budget(s) with subrecipients and subcontractors must be pre-approved by and on file with DCEO. Such agreements can be submitted to DCEO when available. Subcontractors and sub-recipients are subject to all applicable provisions of the Agreement(s) executed between DCEO and the grantee. The successful applicant shall retain sole responsibility for the performance of its subrecipient(s) and/or subcontractor(s).