CDF Impacts

– IMPROVING THE LIVES OF CHICAGOANS –

Through 2024, CDF has invested in 52 projects which will support the following impacts at full operation:

JOBS

Support 6,700 Permanent, Full-Time Equivalent jobs (“FTEs”), of which 95% will earn a living wage and/or benefits, as well as 2,800 temporary construction jobs

SERVICES

Serve 291,000 clients annually via services such as low-cost healthcare, job training and placement, and after-school programs

HEALTHY FOODS

Provide 248,000 residents of USDA-designated Low-Income, Low Access areas with access to healthy foods

– LEVERAGING PRIVATE INVESTMENT –

CDF has provided $506 million in New Markets Tax Credit (NMTC) allocation to 52 projects with $1.114 billion 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 46% of the Chicago area median
  • Poverty rates of 34%
  • Unemployment rates 2.5 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