– IMPROVING THE LIVES OF CHICAGOANS –
CDF has invested in 35 projects which will support the following impacts at full operation:
Support 5,500 Permanent, Full-Time Equivalent jobs (“FTEs”), of which 92% will earn a living wage and/or benefits, as well as 2,000 temporary construction jobs
Serve 172,000 clients via services such as low-cost healthcare, job training and placement, and after-school programs.
Provide 193,000 residents of USDA-designated Low-Income, Low Access areas with access to healthy foods
– LEVERAGING PRIVATE INVESTMENT –
CDF has provided $356 million in New Markets Tax Credit (NMTC) allocation to 35 projects with $760 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 45% of the Chicago area median
- Poverty rates of 35%
- Unemployment rates 2.9 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