Land & Building Acquisition

The Illinois Department of Commerce and Economic Opportunity is offering a grant opportunity for land and building acquisition, with the goal of improving the quality of life for Illinoisans. The grant is funded by state bond funds and has a total amount of $750,000. Eligible applicants are school districts located in Cook County that have jurisdiction to perform the project. The application package must include a uniform grant application, uniform budget, conflict of interest disclosure, mandatory disclosure, project narrative, W-9 form, and IRS letter. The application will be reviewed on a competitive basis, with criteria including capacity, economic impact, need, and quality. • The grant is for capital improvements, including land acquisition, capital improvements, infrastructure improvements, and construction on new and/or existing property. • The project must meet bondable requirements as set forth in 30 ILCS 425 The Build Illinois Bond Act. • The successful grantee will be required to report on the expenditure of funds and the specific improvements rendered as a result of this funding. • The grant agreement will specify the payment terms and the payment schedule. • Grantees are required to submit a final closeout report within 45 calendar days following the end of the period of performance.