Mayor Rahm Emanuel announced Chicago’s program to generate funding from new downtown construction projects to support neighborhood economic development has hit the $25 million mark due to a new office building underway at 333 N. Green St. The 19-story Green Street project, known as GR333N by developer Sterling Bay, is making a $5.08 million payment to the system for an additional 200,000 square feet of leasable space. The Neighborhood Opportunity Fund is supported by the downtown density bonus. Funds generated from the bonus are allocated toward three different funds that support Chicago’s neighborhoods:

• Neighborhood Opportunity Fund: Allocates 80 percent of all bonus contributions to support commercial projects like grocery stores, restaurants and cultural facilities within underserved South and West side retail corridors. To date, more than $6 million has been awarded to 57 small businesses. Another round of grants is expected in the coming weeks.

• Citywide Adopt-A-Landmark Fund: Allocates 10 percent of all bonus contributions to support the restoration of designated City landmarks. Grants to date include a $228,000 award to renovate and restore the First Church of Deliverance in Grand Boulevard.

• Local Impact Fund: Allocates 10 percent of all bonus contributions to support public infrastructure improvements within one mile of the development site. Grants to date include more than $2 million to support Skinner Park Field House and Washington Square Park on the Near North Side and the new branch public library on the Near West Side.

A complete list of projects and more information is available at www.neighborhoodopportunityfund.com.