CDF Impacts

– IMPROVING THE LIVES OF CHICAGOANS –

Through 2023, CDF has invested in 46 projects which will support the following impacts at full operation:

JOBS

Support 5,200 Permanent, Full-Time Equivalent jobs (“FTEs”), of which 94% will earn a living wage and/or benefits, as well as 2,500 temporary construction jobs

SERVICES

Serve 252,000 clients via services such as low-cost healthcare, job training and placement, and after-school programs

HEALTHY FOODS

Provide 216,000 residents of USDA-designated Low-Income, Low Access areas with access to healthy foods

– LEVERAGING PRIVATE INVESTMENT –

CDF has provided $448.5 million in New Markets Tax Credit (NMTC) allocation to 46 projects with $963 million in total costs and the following sources:

– SUPPORTING AREAS OF GREATER ECONOMIC DISTRESS –

CDF invests exclusively in CDFI-fund qualified tracts on Chicago’s South and West sides.

CDF has directed 100% of its NMTC investments to “Areas of Greater Economic Distress” as defined by the CDFI Fund. On average, projects supported by CDF are in Census tracts that have the following levels of distress*:

  • Median family incomes of 48% of the Chicago area median
  • Poverty rates of 34%
  • Unemployment rates 2.4 times the national rate

The map to the left shows the projects that CDF has supported in the past 5 years.

*per the relevant American Community Survey at the time of investment