La Casa Norte 2

New Markets Tax Credit Coalition

Chicago,
IL
(2017)

La Casa Norte 2

Community, Daycare and Early Childhood, FQHCs, Healthcare, Housing, Mixed-use, Shelters and Community Food, Supportive Housing, Youth and Families, Youth Program

New construction of a mixed-use supportive housing and community wellness center.

Investment

NMTC Amount: $18,750,000
Total Project Cost: $19,592,255

IMPACT

14 FTE jobs
25 construction jobs
4,362 patients served
Project includes a Federally Qualified Health Center.
15,000 sq. ft. of real estate

CDEs

Chicago Development Fund, IFF, PNC

Investor

PNC

Project Description

New construction of a mixed-use supportive housing and community wellness center. In July 2017, CDF provided $9.5 million in New Markets Tax Credits to La Casa Norte for construction of Pierce House. The 47,700 sq. ft. LEED Silver certified project is located in Humboldt Park. Pierce House includes 25 units of permanent supportive housing, a Federally Qualified Health Center (FQHC), a food pantry, a café/soup kitchen, a youth drop-in center, and a community computer lab, in addition to administrative/office space for La Casa Norte. CDF’s financing specifically supported the non-residential components of the project.

MAP

Address: 3533 West North Avenue, Chicago, IL 60647

Census Tract: 17031230800

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