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Get matched →The Downtown Investment Program provides reimbursement grants to promote revitalization and activation of downtown West Chicago. The program aims to improve the overall image and increase property values, remove adverse conditions by encouraging private investment in property rehabilitation, assist property and business owners with restoration and modernization of existing structures, and further the objectives of the Downtown TIF II Redevelopment Plan.
Commercial and mixed-use properties located within Downtown TIF District No. 2 improved with existing buildings are eligible. Properties and spaces used only for residential purposes are not eligible for grant funding.
Funding awards are determined by the lowest of three estimates submitted for the project scope, up to the maximum reimbursement listed by Funding Category. The maximum funding awarded for improvements to a single eligible property over the life of the Program is $100,000. Building permit fees (excluding third-party review and inspection fees) for approved projects will be reduced by fifty percent (50%).
All proposed exterior improvements within the Turner Junction Historic District shall be compatible with the downtown area, focusing on restorative construction and compatibility with original building materials, styles, predominant color schemes, and window configurations.
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