Businesses
Government-funded
$150K
per applicant
Grant
Cash award, application-based
Rolling
No fixed cutoff
Rolling
Or check for open cycles
Moderate
Standard state application
Reimburses up to 90% of eligible costs for building improvements to commercial and industrial properties in Chicago Tax Increment Financing (TIF) districts. Covers façade, roof, HVAC, plumbing, and structural upgrades.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Property must be in a Chicago TIF district
2.Property must be used for commercial or industrial purposes
3.Reimbursement: up to 90% of eligible costs (smaller businesses) or 70% (larger)
4.Maximum grant: $150,000 for commercial properties
5.Improvements must be completed before reimbursement is paid
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).
IRS · United States
The nation's largest affordable rental housing production program, providing dollar-for-dollar federal tax credits to developers who build or rehabilitate affordable rental housing and maintain income and rent restrictions for 30+ years.