City of Chicago Awards CCV Community Development Block Grant Funding
CCV is pleased to announce that it has received funding from the City of Chicago, Community Development Block Grant program for the fourth consecutive year. Through this grant CCV provides assistance to individual businesses, makes resources available to community business associations, markets commercial real estate, and conducts outreach to businesses, real estate professionals, and other service providers for commercial development. CCV operates as a delegate agency of the Chicago Department of Planning and Development for which it manages the Federal tax program the Commercial Revitalization Deduction (CRD). Through this program, CCV is responsible for allocating the $12 million offered through the CRD annually to qualifying commercial development projects.