Several businesses and groups in Austin and West Garfield are among 61 neighborhood businesses and nonprofit organizations awarded nearly $40 million in Community Development Grants this past month.
The grants are part of the Chicago Recovery Plan, a citywide effort in Mayor Lori E. Lightfoot’s administration to catalyze a sustainable economic recovery from the COVID-19 pandemic.
Using federal and local funding sources, the CRP is making grants available for private investment projects based on community-driven priorities established through the 2022 city budget process. Public funding is intended to foster thriving and safe communities, as well as support an equitable economic recovery.
Ranging from about $12,000 to $5 million, the grants will support workplace improvements, new construction, energy-system enhancements, and other eligible costs that support neighborhood vitality, economic development, community wealth-building, public health and local planning goals.
Funding will come city bond funds and proceeds from the Department of Planning and Development’s (DPD) Tax Increment Financing and Neighborhood Opportunity Fund programs.
Representing the third and final round of 2022 grant selections, these projects were selected from more than 600 applications:
- Cadence, 4848 W. Madison St., $4 million
- Inherent L3C, 4647 W. Polk St., $96,525
- Karaoke on the Ave!/Sunshine Horizons, LLC, 5812 W. Chicago Ave., $250,000
- Only By Faith Inc., 5700-5702 W. Chicago Ave., $62,535
- The Community Theater/The Joseph’s Place, 5912 W. Chicago Ave., $203,775
- The MAAFA Center for Arts and Activism (the “MAC”), 4241 W. Washington Blvd., $1.5 million
- Verity Investments LLC – Series 10, 5050 W. Chicago Ave., $150,000