A Path Forward: Chicago’s Salvation Army Freedom Center
For over 70 years, the Salvation Army Freedom Center has served the needs of people living in the greater Chicago area. Previously operating out of a dilapidated building, the Freedom Center relocated to Chicago’s westside Humboldt Park neighborhood. Cinnaire invested $9 million in New Markets Tax Credits (NMTC) to finance the brand new facility. The three interconnected buildings allow the Salvation Army to serve nearly 25,000 people a year.
The Freedom Center was recently featured in an issue of Tax Credit Advisor. A leading industry magazine, Tax Credit Advisor provides comprehensive coverage on all aspects of the development and financing of affordable rental housing, historic preservation, and economic development projects using federal and state tax credits and other resources. Click here to read the Freedom Center NMTC Case study.
Content provided courtesy of Tax Credit Advisor.