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Joliet, IL (2014)

One Hope United Joliet

The transformation of a vacant elementary school located on a federally designated brownfield site in a low-income community in Joliet into a holistic childcare center for children ages 6 weeks to 6 years operated by One Hope United.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $6,323,979

IMPACT

  • 50 FTE jobs
  • 41 construction jobs
  • 208 children served.

CDEs

Investor

Project Description

The One Hope United Project involved the transformation of a vacant elementary school located on a federally designated brownfield site in a low-income community in Joliet into a holistic childcare center for children ages 6 weeks to 6 years operated by One Hope United. The nonprofit group provides high-quality early childhood care to predominately low-income individuals. Prior to funding, an IFF report ranked Joliet as first in need among Illinois municipalities for general childcare for children ages 0 to 5 years. Within this new facility, One Hope provides early childhood education services to 208 children per year, 90% of which are members of low-income families. The lack of quality childcare was a significant concern for this community experiencing unemployment and median household income average above national benchmarks. The Project brought a city asset back to life while providing a valuable service to the community.

MAP

Address: 500 Parks Avenue, Joliet, IL 60432

Census Tract: 17197881302

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