New Markets Tax Credit Coalition

  • Chicago,
  • IL
  • (2017)

La Casa Norte 2

District: Delia Ramirez (D-IL03)

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

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Investor

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.

External Profile
External Profile 2

MAP

Address: 3533 West North Avenue, Chicago, IL 60647

Census Tract: 17031230800

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