Project Description

Mt. Sinai at Ogden Commons

2652 W. Ogden Avenue, Chicago, IL 60608

Total Project Costs: $23,390,000
Total NMTC Allocation: $18,250,000
SCORE Allocation: $10,000,000
Closing Date: November 2021

Distress Criteria:

  • 46% poverty rate
  • Median family income 44.73% area median
  • Unemployment rate 2.96x national average

Community Impacts:

  • Created 2,893 full-time jobs over the 7-year NMTC term
  • Created 10,239 manufacturing jobs
  • Healthcare facilities serve 11,280 unduplicated patients
  • Created 100 construction jobs; 100% filled by union workers
  • 49% of construction contracts executed by woman- and minority-owned firms
  • 70% of employees live in local community

The Project included the construction of a new medical clinic within the predominantly Black North Lawndale Neighborhood in Chicago, IL. The Project provides ambulatory surgery, digestive health care, surgical and ambulatory concierge, and dialysis care to local residents.

The Project helped anchor the Ogden Commons development, which is a multi-phase $200 million master-planned development that includes over 300 units of mixed-income housing, ground-level retail and restaurant space, and new office space. The entire development is a joint venture between the Chicago Housing Authority and The Habitat Company, a real estate development company with a focus on community revitalization, and is meant to reverse decades of disinvestment in the North Lawndale neighborhood and drive equitable and inclusive growth.

Community Alignment

The Project helped support Mt. Sinai’s goal of relocating and expanding ambulatory services outside of a traditional hospital setting into a more patient centered and cost-efficient setting. By relocating the services outside of Mt. Sinai’s nearby hospital, it enabled them to increase the number of persons served annually and increase the accessibility of the services. Additionally, the project enabled Mt. Sinai to reduce patient wait times, which reached as long as 4-5 months for certain services due to spatial constraints that limited service capacity.