Perspectives Charter School

Chicago,
IL
(2019)

Perspectives Charter School

Community, Schools, Youth and Families

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools for the acquisition and refurbishment of a new campus building, to enable PCS to increase the number of students it serves, and create quality jobs.

Investment

NMTC Amount: $8,500,000
Total Project Cost: $32,488,339

IMPACT

10 FTE jobs
75 construction jobs
839 students will be served annually, 205 6-8th grade students and 634 9-12th students. Construction jobs created with average salary of $40.00 per hour

CDEs

SCORE

Investor

US Bank

Project Description

SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools (PCS) for the acquisition and refurbishment of a new campus building, to enable PCS to increase the number of students it serves, and create quality jobs. The outdated and ill-equipped PCS facility will be replaced with a new, state-of-the-art facility which can accommodate the demand for PCS’s services. The new facility will be equipped with specialized classrooms, computer labs, and science labs so that PCS can provide the resources needed to prepare students to graduate high school and succeed in post-secondary education or start their careers. PCS serves a student base that is 100% minority and 90% low-income.

MAP

Address: 8522 South Lafayette Avenue, Chicago, IL 60620

Census Tract: 17031842400

Other Illinois Projects

Urban Market Exchange

Chicago,
IL
(2023)

Tech

CDE(s): USBCDE

Urban Market Excahnge is a start-up business. They will offer consulting and legal services, co-working spaces for artists, specaility and venue spaces for training, residential apartments, retail shops and office

Chem Processing Inc.

Rockford,
IL
(2017)

Food Manufacturing, Manufacturing

CDE(s): Central States Development Partners

Expansion of existing commercial building for a chem manufacturer Central States provided $2.2 million in New Market Tax Credit financing to support a 35,000 sq. ft. new manufacturing and warehouse

America’s Central Port Complex

Madison,
IL
(2015)

Business Development, Manufacturing

CDE(s): Heartland Regional Investment Fund

A million sq. ft. of new, rail-served manufacturing and warehousing space in the industrial development along the Mississippi River's Chain of Rocks shipping canal.

Build, INC

Chicago,
IL
(2022)

Youth and Families

CDE(s): Chase, Chicago Development Fund, IFF, Local Initiatives Support Corporation

Construction of a headquarters for BUILD, a nonprofit that has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to