SBIF Districts

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.

[THE LATEST NEW FUNDING ROLL OUT MEETING, details forthcoming]

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.

Open / On-Deck Districts

 

Districts

Opens

Closes

Map

South Chicago Apr 11, 2019 May 13, 2019 Link to map
79th St. Corridor May 1, 2019 May 31, 2019 Link to map
79th/Vincennes May 1, 2019 May 31, 2019 Link to map
Commercial Avenue May 1, 2019 May 31, 2019 Link to map
Madison/Austin May 1, 2019 May 31, 2019 Link to map
Stockyards Southeast Quadrant May 1, 2019 May 31, 2019 Link to map
Stockyards Annex May 1, 2019 May 31, 2019 Link to map
Peterson/Pulaski May 1, 2019 May 31, 2019 Link to map
119th & I-57 June 1, 2019 July 1, 2019 Link to map
119th/Halsted June 1, 2019 July 1, 2019 Link to map
Armitage/Pulaski June 1, 2019 July 1, 2019 Link to map
Division/Homan June 1, 2019 July 1, 2019 Link to map