The investment will support development of the innovative K-Town Residential Workforce Development Center.
Corporation for Supportive Housing (CSH) is pleased to announce a $13 million New Market Tax Credit Allocation (NMTC) to Lawndale Christian Legal Center (LCLC) for its planned K-Town residential workforce development center in Chicago’s North Lawndale neighborhood.
The NMTC allocation will fund the redevelopment of the property into 20 supportive housing units and a job training center for men aged 18 to 24 facing housing instability and involvement with the justice system. In addition to housing, the investment will support holistic wraparound social supports, a culinary training program for the residents and additional office spaces for staff.
The LCLC award marks CSH's first NMTC investment for individuals involved with the justice system and is its inaugural NMTC investment in Chicago. LCLC will leverage the award with other funding sources to provide job training and "efficiency style" apartments for men exiting the justice system.
“CSH is pleased to support LCLC and the K-Town residential workforce development center that will transform the lives of people who have experienced trauma as a result of their involvement with the justice system,” said Jill Steen, Director, New Market Tax Credits at CSH. “This award is part of CSH’s ongoing multimillion-dollar investment for housing and services that are owned, operated, and serve communities who identify as Black, Indigenous and People of Color (BIPOC).”
CSH expects the K-Town development project to create more than 150 construction jobs, most of which will be accessible for workers with less than a two-year college degree and over 40 permanent, full-time jobs.
CSH, a national nonprofit Community Development Financial Institution (CDFI), plays a pivotal role in supporting the development of quality, affordable and supportive housing, and services. CSH actively increases housing and service pipelines by providing Technical Assistance (TA), training, and consulting services to developers, service providers, and jurisdictions.
For more information about this project or CSH’s New Market Tax Credit offerings, please contact Jill Steen, Director, NMTC at email@example.com.