Inherent Homes

In June 2026, CDF provided $10 million in New Markets Tax Credit (NMTC) allocation to Inherent L3C (Inherent) to finance the acquisition and installation of equipment, purchase of home building materials, and other expansionary operating expenses for its affordable modular home production operations in its newly leased 70,000-square-foot facility in North Lawndale. The NMTC transaction will reduce production costs by 10-15% per home through bulk material purchasing and equipment-driven efficiencies, allowing Inherent to scale from 25 to 75 homes produced annually within 2 years and up to 125 homes produced annually in the long run.

At full operations, the Project is expected to support 95 FTE positions, with 99% of jobs offering a living wage and/or benefits, including health insurance, retirement, paid time off, and annual bonuses. Inherent will support advancement of employees by providing them with 100–200 hours of training annually and offering them financial literacy and job readiness services in partnership with community organizations. 86% of FTEs will be in roles accessible without a four-year degree. Inherent will actively recruit low-income and hard-to-employ residents through partnerships with community partners, such as Dawson Technical Institute, Chicago BUILDS/Chicago Public Schools, Chicago Women in Trades, and Revolution Workshop.

NMTC equity was provided by Valley National Bank.