USA: Illinois: Cook County
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Grants to Illinois Black and Latinx for-profit and nonprofit community developers in eligible locations for real estate and land use activities and projects. Funding is intended to cover expenses related to due diligence, preliminary plans, and other costs incurred prior to site acquisition and construction. The Pre-Development Fund prioritizes female and female-identified community developers of color, and especially Black and Latinx developers. The Fund is exclusive to projects in Cook County.
The Pre-Development Fund was created primarily to support commercial real estate development projects, businesses with brick-and-mortar needs, and neighborhood scale land use projects that will stimulate economic activity in disinvested communities. Examples include retail and office uses, transit-oriented and mixed-use developments (which can include housing), and the adaptive reuse of obsolete buildings and infrastructure into community amenities. Businesses with brick-and-mortar needs must incorporate community-focused elements through design or programming to qualify for a grant from the Pre-Development Fund.
The Pre-Development Fund is for projects at the pre-development stage. Activities that fall in the planning stage (too premature) or construction stage (too advanced) will not be eligible.
Site acquisition is strongly preferred but the Pre-Development Fund will accept other forms of site control. Applicants will need to demonstrate a high-level plan for site acquisition and development. The primary purpose of the Pre-Development Fund is to help actionable projects gain traction.
The Pre-Development Fund will not make grants to projects that are exclusively social services, supportive housing, charter schools, workforce development facilities and other critical needs uses. The Pre-Development was created to support enterprise-focused projects that historically have not had access to philanthropic funding.
Estimated Size of Grant:
12 months, Pre-Development Fund grants must be spent within one year (grant extensions must be approved by Trust staff)
Submit project scope at:
For technical questions about your GrantCentral application, please contact the grants management staff at firstname.lastname@example.org.
For questions about this funding opportunity, please contact Chris Eagan, Program Manager of Community Impact, at email@example.com.