All investments

North Austin Community Center

September 2021 Chicago, IL

The North Austin Community Center (NACC) received financing from Enhanced Capital through federal and Illinois New Markets Tax Credits for the environmental remediation of a brownfield site after over 40 years of vacancy and to reactivate the area for recreational, community, and educational programming, serving 25,000 youth and families holistically.

The NACC ’s mission is to create equal opportunities for participation in education, sports, and wellness programming historically reserved for affluent communities. This investment allows 240 temporary construction jobs and 105 permanent full-time and part-time jobs to be created. Without financing for environmental remediation and construction provided by Enhanced Capital, the project would have been scaled down, significantly delayed, and would not have catalyzed the significant levels of investment necessary from funding partners and other investors.