SBIF Application Acceptance Periods

To be accepted for possible funding, an application must be submitted within a designated open application acceptance period for the TIF district in which the project property is located. Application acceptance period deadlines occur thirty (30) days after a public “roll-out” meeting announcing the availability of new funds or after an announcement via the SBIFGram (the monthly e-mail newsletter for the SBIF program). Currently open and “on-deck” (soon-to-be-open) districts and their respective application acceptance periods are listed below in the “SBIF-Authorized TIF Districts” section below.

Applications can be submitted via e-mail to sbif@somercor.com, faxed to 312-757-4371, U.S. Mail or other courier service, or hand delivery at 601 S. LaSalle St. #510, Chicago, IL 60605. Applicants are encouraged to contact SomerCor to confirm receipt of their application after submission. All applications must be received by SomerCor by 5:00 p.m. Central Time on the application acceptance period “close” deadline date; any application that is postmarked before the application acceptance period “close” deadline date but not received by SomerCor 504, Inc. by 5:00 p.m. Central Time on the application acceptance period “close” deadline date will not be accepted for possible funding.

SomerCor cannot accept an application for a property that is not located in a Chicago TIF district.  SomerCor cannot accept an application for a property that is located in a Chicago TIF district that does not have a currently open application acceptance period.

None at this time

SBIF Lottery

If there are more applicants than available funds can initially accommodate after an application acceptance period closes, then the City of Chicago holds a lottery to determine the order in which applicants may become eligible for funds. Lottery announcements can be found here.

SBIF-Authorized TIF Districts

All currently open and “on-deck” (soon-to-be-open) application acceptance periods are listed below. If you do not know if your property is located within a SBIF district, please view the Am I In a SBIF District guide.