New Markets Tax Credit Coalition

Search

Perspectives Charter School

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools for the acquisition and refurbishment of a new campus building, to enable PCS to increase the number of students it serves and create quality jobs.

Investment

  • NMTC Amount: $8,500,000
  • Total Project Cost: $32,488,339

IMPACT

  • 10 FTE jobs
  • 75 construction jobs
  • 839 students will be served annually, 205 6-8th grade students and 634 9-12th students. Construction jobs created with average salary of $40.00 per hour

CDEs

Investor

Project Description

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools (PCS) for the acquisition and refurbishment of a new campus building, to enable PCS to increase the number of students it serves, and create quality jobs. The outdated and ill-equipped PCS facility will be replaced with a new, state-of-the-art facility which can accommodate the demand for PCS’s services. The new facility will be equipped with specialized classrooms, computer labs, and science labs so that PCS can provide the resources needed to prepare students to graduate high school and succeed in post-secondary education or start their careers. PCS serves a student base that is 90% low-income.

MAP

Address: 8522 South Lafayette Avenue, Chicago, IL 60620

Census Tract: 17031842400

Other Illinois Projects

Construction of a 100,000 sq. ft. events and community center which provides space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate
Chicago’s Academy for Global Citizenship Anchors New State-of-the-Art Learning, Sustainability, and Wellness Hub Catered to Community Needs
Erie Family Health Center, Inc. renovated a former bank building to create a new 25,500-square-foot community health center in Waukegan, Ill.
A vacant North Lawndale banking facility will be redeveloped as the new campus for the North Lawndale Employment Network through a $2.5 million Neighborhood Opportunity Fund grant approved by City