Project Description

Noble Network of Charter Schools

2911 West 47th Street, Chicago, IL 60632

Total Project Costs: $28,669,000
Total NMTC Allocation: $27,000,000
SCORE Allocation: $10,000,000
Closing Date: March 2017

Distress Criteria:

  • Unemployment rate 1.77x national average
  • 50.67% of the area median family income
  • 29.4% poverty rate

Community Impacts:

  • Created 75 construction jobs
  • Created 73 new jobs (100% considered quality jobs)
  • 890 low-income students served annually
  • Built to LEED certification standards

The Noble transaction involved the construction of the new 65,000 SF Mansueto High School, operated by the Noble Network of Charter Schools, Chicago’s largest network of public charter high schools serving 12,000 students on 18 campuses with a population that is 98% minority and 89% low income. Set upon a vacant lot on the southwest side of Chicago, the Project provides a modern, LEED-certified facility featuring educational, athletic and green spaces, including outdoor classrooms, a full-size soccer field, and learning labs. Noble is consistently one of the top performing schools in Chicago with 90% of its graduates enrolled in college, of which 84% are first-generation college students. The Project added 1,000 open enrollment positions for the area, 89% of which are made available to students from low-income families.

Community Alignment

The need for the tenured educational services brought forth by the Nobel Network of Charter Schools was repeatedly iterated throughout the planning process. The Project would not have been made possible without the steadfast support of hundreds of Noble parents and community members who encouraged the school’s success. The campus approval process involved the submission of more than 1,800 letters of support, including multiple letters from elected officials.