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Candidates must clearly identify usings grant funds and the sources of, or the strategy to obtain, their part of financing. Candidates should show a clear and prepared path to execution. The City's Department of Preparation and Advancement reviews all applications and submits them to an Advisory Committee, which is made up of community leaders who represent a cross-section of areas.

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Advisory Committee Members: Jennifer Barnes, South Shore Brew Craig Chico, Back of the Yards Neighborhood Council Ed Coleman, West Side Forward Steve Hall, Resident Initiatives Support Corporation (LISC) Wendell Harris, Chicago Community Loan Fund (CCLF) Brenda Palms-Barber, North Lawndale Work Network Jaime di Paulo, Illinois Hispanic Chamber of Commerce Kerry Sheehan, Department of Cultural Affairs and Special Events (DCASE) Emily Talen, University of Chicago Danielle Tillman, b, KL Architecture Joanna Trotter, Chicago Community Trust Projects getting more than $250,000 in assistance will go through a Redevelopment Agreement procedure with the City's Department of Preparation and Development, which needs approval by Chicago's City board.

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Candidates requesting grants higher than $250,000 may lie beyond a Qualified Industrial Corridor or Concern Investment Passage, but those tasks should be authorized by City Council. You can use the map on the Apply page to figure out if your residential or commercial property is situated in among these eligible areas.

Top Priority Investment Corridors have the same attributes as a Qualified Commercial Corridor, but likewise have a higher amount of retail or industrial activity. This activity is based upon greater concentration of active company licenses, high rates of car traffic, high ridership bus routes, or is otherwise a substantial existing or established industrial corridor.

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Any build-out or enhancement of domestic areas is thought about an ineligible project expense. You are still eligible to obtain a grant, however any repair work or enhancements that are purchased by the Circuit Court to fix recorded citations of the City of Chicago's Building regulations are not qualified for Area Chance Fund help.

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The selection procedure will take approximately 2 to 3 months from the application deadline. Example A. You Can Try This Source submits an application for an NOF Small Task grant with overall project costs of $230,000. He is proposing to restore his existing restaurant, which is located in a Qualified Business Passage. He does not live in the area, however he will be employing two new employees who live in the Passage.