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December 2010 CDF provides $11.2 million in New Markets Tax Credits to Radio Flyer to help rehabilitate and reconfigure a 68,000 sq.....
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December 2010 CDF provides $11.2 million in New Markets Tax Credits to Radio Flyer to help rehabilitate and reconfigure a 68,000 sq..... Read more >
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What is CDF?
Investing in Chicago’s Low-income Communities
Investing in Chicago’s Low-income Communities
Founded in July 2005, the Chicago Development Fund (CDF) is a non-profit corporation that provides capital to qualifying projects and businesses in low-income areas of the City of Chicago through the use of New Markets Tax Credits (NMTCs). CDF was awarded a $100-million allocation of NMTCs by the United States Department of the Treasury in September 2006, the largest allocation awarded to a municipality during that round.
CDF Quick Facts
- A Community Development Entity as designated by the Community Development Financial Institutions (CDFI) Fund
- Controlled by the City of Chicago
- Only applicant with a local service area to win $100 million during the 2006 allocation round
- Makes Qualified Low-Income Community Investments (QLICIs) in areas of greater economic distress
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