Funding for Small Business, Housing, Community Development in Illinois (USA)
GrantID: 17134
Grant Funding Amount Low: $10,000
Deadline: Ongoing
Grant Amount High: $2,000,000
Summary
A grant opportunity is available to support community development, housing stability, and small business growth in several U.S. regions. This funding aims to strengthen neighborhoods and promote economic vitality by assisting eligible organizations and individuals through a range of supportive financial tools.
Nonprofit organizations, small businesses, and income-eligible individuals may qualify for assistance. The funding is typically accessed through approved financial institutions, making it especially beneficial for those already working with a local lender. Grant opportunities support a variety of uses, including affordable housing projects, home purchase assistance, business expansion, and service delivery in underserved areas.
For housing-related projects, funding may be used to build or rehabilitate affordable housing units or assist low- to moderate-income families with down payment or closing cost support. Small businesses may seek funding to expand operations, make capital improvements, or invest in workforce development. Community-focused nonprofits can also receive support to implement training programs or provide critical local services that enhance economic inclusion and opportunity.
Grant amounts vary depending on the scope and nature of each initiative. Smaller awards might support individual homeowners or business improvements, while larger-scale funding is available for housing developers and nonprofit-led infrastructure projects. In many cases, matching funds or partnerships with local institutions are encouraged to strengthen the impact of the investment. Eligibility requirements and deadlines differ depending on the specific type of funding, but most opportunities are available on an annual basis or during scheduled application windows throughout the year. Some programs may operate on a rolling basis until funding is fully distributed.This grant opportunity offers a practical path toward advancing housing access, business success, and neighborhood resilience through collaborative, locally driven efforts. It’s a valuable resource for applicants seeking both financial support and strategic guidance to implement meaningful, long-term change.
To find more grants, The Grant Portal and use the Search Grant tool to find your next grant.
Organizations and individuals based in Illinois who are engaged in Black, Indigenous, People of Color may be eligible to apply for this funding opportunity. To discover more grants that align with your mission and objectives, visit The Grant Portal and explore listings using the Search Grant tool.
Eligible Regions
Interests
Eligible Requirements
