Revitalizing Chicago’s economically challenged neighborhoods, particularly in the Pullman community
Chicago Neighborhood Initiatives (CNI) is a Community Development Corporation (CDC) and certified Community Development Financial Institution (CDFI) that engages in comprehensive revitalization of economically distressed neighborhoods throughout Chicago.
Despite the efforts of government and CDCs, once-thriving neighborhoods like Pullman and Roseland have been devastated, as first industries, then stores, banks, and ultimately residents left. While communities tried to regain ground throughout the ‘80s, ‘90s and the early years of this century by building housing, these communities have continued to lose ground, particularly during and after the 2008 recession.
CNI knows that revitalizing communities requires an integrated strategy to increase jobs and housing density, while augmenting the educational, recreational, and cultural amenities that make communities attractive and sustainable. The most visible example of CNI’s work is in Chicago’s Pullman neighborhood. Building on the area’s assets of strong infrastructure and plentiful land, and working with community and government partners, CNI has helped foster positive change. The former Ryerson Steel is now home to a Walmart-anchored shopping center, and a new green industrial park is anchored by Gotham Greens and Method Home Products. Dozens of formerly abandoned homes have been rehabbed and sold, and the historic Pullman Works property has been designated a National Monument with federal funding and personnel. With hundreds of new jobs created, population and incomes are up, while crime, including violent crime, has been reduced by more than 50 percent.
CNI will invest a $2 million loan in Pullman to support the creation of the 111th Street Retail Gateway that divides North Pullman from the historic South Pullman community, with its storied houses and plazas. The first venture of its kind in Chicago’s far south side, the 111th Street Retail Gateway brings together national retailers, like Potbelly Sandwich Shop, with local entrepreneurs, including Laine’s Bakery and Star Cleaners, both of which are expanding into Pullman. Funds will also be used to support CNI’s real estate activities in other Chicago neighborhoods, including Englewood and Bronzeville.