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Chicago, IL (2021)

Covenant House Illinois

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.

Investment

  • NMTC Amount: $8,500,000
  • Total Project Cost: $8,930,000

IMPACT

  • 51 FTE jobs
  • 45 construction jobs
  • 40 interim beds created for youth experiencing homelessness (with space for 20 longer term transitional beds to be added in the future)

Investor

Project Description

In January 2021, CDF provided $8.5 million in NMTC allocation to Covenant House Illinois QALICB LLC to fund the acquisition and renovation of a 3-story building located at 2934 West Lake Street in East Garfield Park. The project will house Covenant House Illinois (CHIL), an organization that provides homeless youth ages 18 to 24 with shelter and supportive services. Project elements includes 40 shelter beds on the top floor and a first-floor Youth Development Center and administrative headquarters featuring space for wraparound support services and workforce development programs, a large community room, a commercial kitchen, and a courtyard with a basketball court and garden. A future (non-NMTC) phase will complement the project by rounding out CHIL’s service offerings through the creation of a Transitional Living Program with up to 32 beds.

MAP

Address: 2934 West Lake Street, Chicago, IL 60612

Census Tract: 17031837100

Related Projects

Los Angeles, (2017)

Minneapolis, (2018)