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Chicago, IL (2022)

Build, INC

Construction of a headquarters for BUILD, a nonprofit that has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to thriving futures through mentoring and other structured programming.

Investment

  • NMTC Amount: $22,075,000
  • Total Project Cost: $22,760,611

IMPACT

  • 165 FTE jobs
  • 22 construction jobs
  • 70 jobs created and 95 jobs retained.
  • 51,000 sq. ft. of real estate

Investor

Project Description

Founded in 1969, BUILD has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to thriving futures through mentoring and other structured programming. IFF closed a $5.65 million bridge loan for BUILD that enabled the nonprofit to move forward with the construction of a headquarters campus that will include two facilities totaling 51,000 sq. ft.. Once complete in the fall of 2022, the campus will enable BUILD to increase the size of its staff by 30 percent, expand its programming, and extend its operating hours to meet the needs of thousands of young people each year. IFF is also providing a $6 million New Markets Tax Credit allocation for the project, with additional NMTC allocations expected to be provided by the Chicago Development Fund, LISC, and JPMorgan Chase.

The project will create approximately 70 FTE jobs and is an essential component of a community quality of life plan designed to revitalize the Austin neighborhood.

MAP

Address: 5100 West Harrison Street, Chicago, IL 60644

Census Tract: 17031252201

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