CDF Impacts
CDF has provided $281 million in New Markets Tax Credit (NMTC) allocation to a total of 27 projects since the organization’s first NMTC funding award in 2007 through December 31, 2016. CDF's ability to successfully compete for NMTC allocation has brought to Chicago $81.5 million in NMTC subsidy raised from private investors. This equity has been used to support $566 million in project costs, including over $378 million in leveraged private investment to projects in Chicago’s low income neighborhoods. A detailed bread-down of leverage sources used to support CDF projects is illustrated below.
As of December 31, 2016, CDF's 27 investments have allowed local businesses and community-based organizations to retain or create 3,090 full-time equivalent jobs. Combined, the projects funded to date are anticipated to support 3,460 full-time equivalent positions at full operation – every $23,560 in NMTC subsidy has supported roughly one permanent FTE. The average salary of full-time employees in 2016 was $42,958, for a total of $125.9 million in 2016 payroll. These CDF-supported projects will also provide education, recreation, job training and healthcare services to nearly 155,000 clients per year at full operation.

Projects (through 12/31/2015) | CDF NMTC Funds |
Homan Powerhouse High School | $15,000,000 |
Greater West Town | $9,300,000 |
Imperial Zinc Corporation | $6,000,000 |
Christ the King | $17,000,000 |
Gary Comer College Prep | $21,500,000 |
Charter Steel | $4,900,000 |
PCC Wellness | $6,500,000 |
Salvation Army Kroc Center | $20,000,000 |
Radio Flyer | $11,200,000 |
Testa Produce | $7,100,000 |
Instituto Health Science Career Academy | $12,500,000 |
Truong Enterprises | $9,500,000 |
Mercy Oakwood Shores | $8,300,000 |
Chicago Family Health Center | $10,000,000 |
Swedish Covenant Hospital | $13,750,000 |
Shankman/Hyde Park Day school | $12,000,000 |
Shops & Lofts at 47 | $11,750,000 |
Near North Health Services Corporation | $11,450,000 |
ACE Solar | $6,250,000 |
Breakthrough Urban Ministries | $13,000,000 |
METROSquash | $5,000,000 |
SCR Medical Transportation | $6,000,000 |
Method | $13,000,000 |
Englewood Square | $10,500,000 |
Great Central Brewing | $5,500,000 |
Chicago Center for Arts and Technology | $5,000,000 |
UCAN | $9,000,000 |
La Casa Norte | $9,500,000 |