In August 2015, CDF provided $9 million in Federal New Markets Tax Credit financing and $5 million in State New Markets Tax Credit financing to UCAN, a nonprofit serving more than 10,000 at-risk children and families each year through over 30 programs focused on preventing violence, healing trauma, building strong families, and educating and empowering youth. CDF financing supported the construction of a new 31,000 square Program Services and Administrative Headquarters at 3605 W. Fillmore Street in North Lawndale. The facility houses a variety of programs for families and youth, many of whom are wards of the Illinois Department of Children and Family Services.
The new Program Services and Administrative Headquarters is home to virtually all of UCAN’s non-residential youth programming, including job readiness, violence interruption/prevention, youth leadership, counseling, teen parenting, professional foster care, and transitional teen services. Approximately 2,000 youth are served annually by these programs at the new facility. In particular, UCAN will be able to realize the full development of its youth violence prevention programming by expanding services such as its unique Peace Hub approach, which coordinates programs and services across providers and has succeeded in reducing arrest rates among youth participants by 68%. The project is the second phase of the UCAN CITY campus, which also involves a 54,500-square-foot Therapeutic Youth Home that providing 70 rooms for youth who have experienced abuse and neglect. Additionally, the project is anticipated to create and retain more than 180 FTEs.
State and Federal NMTC equity for the project was provided by US Bank, which also provided $5 million of additional State NMTC allocation and $2 million of additional federal NMTC allocation.