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Illinois

Map of Selected Projects in Illinois

Community Testimonials

CNI serves neighborhoods on Chicago’s South Side. We have leveraged over $350 million in new industrial, retail, and recreational development in a single census tract in Pullman through the New Markets Tax Credits program. Since the first NMTC investment in 2013, violent crime in the neighborhood has dropped 52% and jobs in the community have increased by 43%.

-Jennifer Bransfield, COO and General Counsel, Chicago Neighborhood Initiatives

Selected Projects in Illinois

Senator Durbin Visits Center @501

Senator Durbin (D-IL) was on hand for a ribbon-cutting at Center @501 June 28th. The project, a partnership among the Economic Growth Corporation of Rock Island, Greater Springfield Chamber of Commerce and The Springfield Project affordable housing program, took several years to come together. It was funded through a combination of historic tax credits, new market tax credits, state donation tax credits, $985,000 in tax increment financing from the city of Springfield and taking on about $4.4 million in borrowing. “I’ve been doing this for about 20 years, and this is probably one of the toughest ones I’ve done,”