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LISC, Illinois Department of Commerce and Economic Opportunity and Chicago Neighborhood Initiative Announce the Opening of Round 2 Applications for the $25 Million Rebuild Distressed Communities Grant Program

The Rebuild Distressed Communities grant program supports Illinois businesses that have sustained property damage as a result of civil unrest during protests and demonstrations on or after May 25, 2020. This program is being administered by Local Initiatives Support Corporation (LISC) and Chicago Neighborhood Initiative (CNI) on behalf of the Illinois Department of Commerce & Economic Opportunity (DCEO). Applicants can begin submitting applications for Round 2 on December 21 until February 5.  

The capital funds will be used to reimburse Illinois businesses for significant repairs to property that have already occurred or will fund repairs or new construction performed by qualified vendors in order to help the business and community recover as quickly as possible.

The program prioritizes small businesses, underinsured or uninsured businesses, businesses that have a high community impact—such as grocery stores—and businesses in communities that have experienced historic disinvestment. The program also prioritizes the use of BEP-certified contractors, including minority- and women-owned businesses, to do the repair work. To view the RFP for a Construction Monitoring Consultant, click here.

LISC, CNI and DCEO will host webinars to provide potential applicants with an overview of the Rebuild Distressed Communities grant opportunity, the grant application and required documentation.

This application form captures preliminary information for a business seeking reimbursement or support from the Rebuild Distressed Communities grant program. Before proceeding, LISC and CNI recommend that respondents read the online FAQ for more information about this round of the Rebuild Distressed Communities grant program. Applicants can begin submitting applications for Round 2 on December 21 until February 5 at 5 p.m. Applications will be accepted in rounds until funding is exhausted. Any impacted business may apply during any round.

FAQ:

Checklist:

Application:

*Solo se aceptarán solicitudes en inglés. Para obtener ayuda con la solicitud en español, envíe un correo electrónico a ridc_grant@lisc.org.