Application period open for Open Space Land Acquisition and Development grants for park projects
SPRINGFIELD - A long-standing grant program that helps communities cover the cost of local park development will offer up to 100% funding assistance for distressed communities for the first time in the history of the program.
Applications will be accepted through Sept. 30 for the next round of state-funded Open Space Land Acquisition and Development, or OSLAD, grants.
The fiscal year 2023 state budget signed into law by Gov. JB Pritzker dedicates $56 million for the program - the largest allocation ever for OSLAD grants to help communities acquire and/or develop land for public parks and outdoor spaces. The grants are offered through the Illinois Department of Natural Resources (IDNR).
Grant awards up to $1,125,000 are available for land acquisition projects, while development or renovation projects are limited to a $600,000 grant maximum.
OSLAD is a matching program that provides an advance payment (for development projects only) that is 50% of the grant award amount shortly after the grant agreement is executed. The local agency must demonstrate and possess the ability to finance the remaining costs of an approved project prior to receipt of remaining grant funds. The OSLAD program is funded through a percentage of the state's Real Estate Transfer Tax.
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