who we are, what we do
Before GROWTH's first multifamily redevelopment began in 2001 After GROWTH's first redevelopment was completed in 2002
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Economic Growth Corporation (GROWTH) is a community-based development organization committed to the revitalization of underserved communities throughout the nation. As a 501(c)3 non-profit, GROWTH is a mission-driven organization with over 40 years experience in community and economic development working to enhance the overall image and economic vitality of communities in need of jobs, investment and housing.
Since 1982, GROWTH has deployed more than $500 million in economic development and housing efforts directly assisting in the creation of 13,800 jobs. Celebrating the 40th Anniversary in December 2023, GROWTH was featured by Jonathan Turner for WHBF showcasing its past and what is planned for the future. Click here to read the article. GROWTH 40 YEAR MILESTONES (1982-2022)
Multifamily Development • 20 Multifamily Developments creating 351 rental housing units investing $81.7 Million to date, supporting 1,026 jobs Single Family Development • 391 Single Family Units Developed investing $73.4 Million to Date, supporting 707 jobs Single Family Rehabilitation • 166 Single Family Rehab Units investing $5.2 Million to Date, supporting 42 jobs Homebuyer Activity • 842 Homebuyers assisted to date purchase homes in northwest Illinois, deploying $15.4 Million in downpayment assistance to date, supporting 120 peripheral jobs Financial Literacy & Housing Counseling • 3,000 individuals provided in homebuyer education • 404 assisted in foreclosure prevention and emergency mortgage assistance • 1,173 assisted in emergency rental assistance Central States Development Partners, Inc • 29 New Market Tax Credit transactions to date investing $217.4 Million in deeply distressed census tracts in 14 states and growing • Transactions represent a total of $683.9 Million in total project costs • Supported 10,729 jobs to date Home Base Property Management, LLC • 236 units of residential housing under management • 45 commercial units under management Growth General Contracting, LLC • 3 residential developments completed • 2 commercial development completed • 3 construction projects in progress |
