Leveraged Investment

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.