111th Street Retail Gateway

111th Street Retail Gateway provides commercial goods and services to a Severely Distressed neighborhood on Chicago’s South Side.
Chicago, IL

Project Impacts:

  • 270 jobs created and retained
  • Provides commercial goods and services

NCIF: $4.5 million NMTC allocation
CDFI partner: Chicago Neighborhoods Initiative
Large bank: US Bank

NCIF provided $4.5 million in New Markets Tax Credit allocation to support the new construction of a neighborhood retail development along 111th Street that will create a gateway into the new Pullman National Monument, Chicago’s first and only National Park. The 111th Street Retail Gateway will provide the community with access to restaurants and retail services, as well as provide opportunities for small businesses and local entrepreneurs.

Chicago Neighborhoods Initiative (CNI): CNI’s subsidiary CDFI is playing a significant role in the project as the leverage lender and is providing direct financial and technical assistance to the small business tenants.