Altgeld Resource Center

The new construction of the Altgeld Family Resource Center provides 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.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $28,100,000

IMPACT

  • 42 FTE jobs
  • 35 construction jobs
  • 130 children served by the early childhood center.
  • 40,000 sq. ft. of real estate

Investor

Project Description

The new construction of the Altgeld Family Resource Center provides 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 sq. ft. combined community space. This project is the final phase of the Chicago Housing Authority’s community master planning effort for the Altgeld/Murray community.

MAP

Address: 30 East Adams, Chicago, IL 60827

Census Tract: 17031540102

PDF Profile

Other Illinois Projects

Erie Family Health Center, Inc. renovated a former bank building to create a new 25,500-square foot community health center in Waukegan, Ill.
In February 2019, CDF provided $12 million in NMTC allocation to 7131 Jeffrey Development to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation
Funding for the acquisition and renovation of a 3-story building located at 2934 West Lake Street in East Garfield Park for a nonprofit service provider.
Financing for a firm that packages and distributes raw materials and specialty chemicals.