New Markets Tax Credit Coalition

Lawndale Medical Corridor

Financing for the acquisiton of 3 locatons including 1) a pharmacy and urgent care center, 2) expansion of adult day care center and 3) greenhouse to produce/sell fresh products through aquaponics.

Investment

  • NMTC Amount: $7,380,000
  • Total Project Cost: $14,240,735

IMPACT

  • 80 FTE jobs
  • 50 construction jobs
  • 57,000 patients served
  • Project includes a Federally Qualified Health Center.

Investor

Project Description

Finance acquisition of 3 locations including 1) interior construction of pharmacy with urgent care center, 2) expansion of day care and wraparound services to adjusts and seniors, and 3) greenhouse to produce/sell fresh products, tilapia through aquaponics technology and provide job-training services to hard-to-employ population. Founded in 1984, Lawndale Christian Health Center sought to address the lack of affordable, quality health-care services for residents in surrounding Chicago neighborhoods. Now, it’s getting a shot in the arm from a project that is transforming several buildings and increasing access to an array of services at a new medical corridor.

MAP

Address: 3910 West Ogden Avenue, Chicago, IL 60623

Census Tract: 17031292400

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