Chicago Development Fund

THIS CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, AND TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAM AND OBJECTIVES OF, THE CITY OF CHICAGO AND TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT OR EXPANSION OF INDUSTRIES, COMMUNITY FACILITIES AND UNDERSERVED-AREA RETAIL AMONG OTHER THINGS, BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT PROGRAM THAT CAN BE MADE AVAILABLE FOR INVESTMENTS IN LOW INCOME COMMUNITIES.