Roseland used $19.7 NMTC million investment to fund two critical projects: (1) the creation of the Adolescent Behavioral Health Unit, a 28-bed inpatient psychiatric care program for at-risk teenagers; and (2) the development of a Women’s Center of Excellence focusing on serving the obstetrical care and women’s health needs of the greater Roseland community. The community impact of the NMTC investment resonates throughout the Roseland community and surrounding areas by providing free mammograms for uninsured women who live within the City of Chicago. The Philips MicroDose Mammography system that was installed using NMTC financing (1 of only 5 in the U.S.) offers a quick and efficient process requiring 40- 50% less radiation at 2-3 times the resolution of other digital mammography equipment.
The $17 million first phase of development of Pullman Park encompasses a 52-acre big box retail development that includes a 148,000 square foot Wal-Mart and 257,000 square feet of additional retail development. The entire build-out of the community is anticipated to take seven to ten years.
Financing for a precision machining company that produces a diverse range of steel forgings for drive train components.
In September 2014, CDF provided $13 million in New Markets Tax Credit financing to Method, the world’s largest producer of environmentally-friendly cleaning products. CDF financing supported construction, equipment acquisition, and working capital expenditures associated with the development of the 150,000-square-foot manufacturing facility located at 720 E. 111th Street in the Pullman neighborhood. The facility, Method’s first in North America, houses both a third-party bottle supplier and a rooftop greenhouse operator, in addition to Method’s blending, filling, and packaging operations.
Midwest distribution facility for Whole Foods serving stores in US and Canada.
The new construction of the Altgeld Family Resource Center will provide an early childhood learning center, a Chicago Public Library, and a community center to the Altgeld/Murray neighborhood on the far south side of Chicago. This community was originally designed to house military personnel upon returning home from World War II. Today it is currently undergoing substantial rehabilitation to improve the quality of life for all of its residents. Building America CDE Inc. is aiding the Chicago Housing Authority (CHA) to enhance the current community facilities in place by providing New Markets Tax Credits for the construction of a 40,000-square-foot combined community space. This project is the final phase of the Chicago Housing Authority’s community master planning effort for the Altgeld/Murray community.
The center will provide sports and recreational opportunities to low income residents on Chicago’s south side. Individuals, housing authority residents and local teams will be able to utilize the facility at reduced rates.
Twelve acres of vacant land were transformed into the new Pullman Community Center – the 135,000 square foot, state-of-the-art, recreation and education complex – offering year-round indoor recreational and educational programs for people of all ages from the Pullman/Roseland communities and beyond. The new $20 million Community Center is the largest multi-sport complex in the region. It features three full-sized indoor turf playing fields for baseball, soccer, football and lacrosse, three hardwood courts for volleyball and basketball, batting cages, and classrooms and flexible space for community events and tournaments.