Pullman Park - CNI is the developer for and 180-acre, mixed use development on the Far South Side that will include new retail development, affordable housing, and park and recreation space. The new development will be anchored by a Walmart that includes groceries, general merchandise, a pharmacy, and a garden center. The development will address the needs of an area that had long been underserved and designated as a food desert. The first phase of development is expected to generate nearly 300 construction jobs and 1,000 permanent jobs.

New Markets Tax Credits - Through its subsidiary Community Development Entity (CDE) PNBI, CNI is responsible for allocating $50 million in federal New Markets Tax Credits in low-income communities in Chicago to finance developments such as community facilities, health centers, and charter schools. The credits are awarded annually based on a competitive application process. CNI intends to apply for an allocation of credits annually, as they allow CNI to participate in the creation and management of projects of scale that will have a sustained, positive impact in the target communities.

The Federally sponsored NMTC program is designed to not only encourage development, but also job growth and retention, education and small business growth in the nation’s most economically depressed areas. CNI’s current investment in projects through PNBI include the construction and/or expansion of the following:

    - The Salvation Army Kroc Center
    - Lawndale Christian Health Center
    - St. Bernard Hospital
    - Noble Street Charter Schools

Economic Development
Community Development
Affordable Housing
Microlending