Neighborhood Opportunity Fund Revamped; $10M Grant Pool Approved

Mayor Lightfoot’s revamp of the Neighborhood Opportunity Fund (NOF) cleared the City Council on February 19th and includes $10 Million available for new business development grants. The program allows up to 50% reimbursement of a project’s construction expenses; the current application period closes February 29th, with another set to open in July 2020 according to the Mayor’s office.
For more information...
City of Chicago NOF website
View/download Mayor Lightfoot's Press Release
Read: Aldermen advance Lightfoot’s plan to revamp Neighborhood Opportunity Fund Heather Cherone, The Daily Line - 2/11/2020
Michael Goldstein - (773)504-1200

Hard-to-find Inexpensive space in Chicagoland
500’-150,000’ - short and long term leases
Currently Leasing - 3850 W. Cortland Avenue, 60647
Spacious, solid brick multi-tenant, multi-use building, built in 1960. Ideal for warehousing, manufacturing, office/maker space for craftsmen artists or photographers - one block from the 606 Trail.

47,923 sf, divisible to 500 sf
For amenities, interior photos, and details - Click here to access brochure.
For other Chicago Property Investors properties - Click here
New Real Estate Transfer Tax Proposed

From The Real Deal, "Two state legislators introduced a bill to the Illinois House and Senate to boost revenue for the City of Chicago while combating homelessness through a restructuring of the real estate transfer tax.
Click to read the article.
Looking to Buy, Sell or Lease?
Contact Deborah Smith, Broker
Strauss Realty, Ltd.

Deborah joined Strauss Realty, Ltd. in 2017 following more than a decade as an economic development professional, assisting small business and manufacturers with TIF, Enterprise Zone and other public sector incentives.

Direct: 773.885.3254 - Office: 773.736.3600 - Click for website
LET'S EAT... From the North Side to the South, you're sure to find a new favorite or a familiar spot on Eater Chicago's compilation of.....
Chicago's 20 Essential Breakfast Spots.. .
Jeffy Mai and Daniel Gerzina,
Eater Chicago 2/20/2020  
Proposed Changes to Income Tax Withholding

The Internal Revenue Service is soliciting feedback from employer s about proposed rule-making on the redesign of Form W-4. The proposal guides employers regarding the amount of Federal income tax withheld from employee wages, implementing the Tax Cuts and Jobs Act’s changes to the Internal Revenue Code.

Click to view/download the published
IRS notice and link to provide feedback.

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