IMPACT
GROWTH is a non-profit community development organization established in 1982. For over 35 years, GROWTH has advanced its mission serving the community needs and investing in distressed areas that have increased new housing opportunities, promoted mixed-income neighborhoods, and increasing the tax base. GROWTH has changed dramatically in response to community needs. Our community driven efforts have consistently been directed at creating jobs, supporting neighborhoods, and strengthening the community fabric in ways that sustains and promotes long-term viable economic success.
NEW HOUSING OPPORTUNITIESWelcoming 800 homebuyers through various homebuyer programs, and providing more than $15 Million in assistance to homebuyers since 1998.
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SUPPORTING NEIGHBORHOODSImpacting over 1,300 single family homes through new construction, rehabilitation, and owner occupied assistance since 1998 throughout the region.
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STRENGTHENING COMMUNITY ASSETSCreating 318 units of multifamily housing since 2001, with 334 units in its development pipeline encompassing three states.
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Complex Development Organization
GROWTH's Community Development Entity Central States Development Partners, Inc. (Central States) Central States Development Partners, Inc. is a four time, back-to-back Federal Allocatee of $130 Million in New Market Tax Credits, a state allocatee of New Market Tax Credits through the State of Illinois and the State of Nevada.
Projects financed by Central States since 2016 has created over 6,900 jobs and supported over $420 million in total project costs. |
Central States' activity helps GROWTH meet its overall mission to create jobs, support neighborhoods, and grow business opportunities in highly distressed, low income areas.
Each time Central States closes on a New Market Tax Credit transaction, additional benefits for communities are being realized and charitable contributions are generated to deploy within low-income areas, creating jobs, providing critical resources, and new opportunity to those that live there. |