Park National Bank Initiatives (PNBI) will utilize its NMTC allocation to finance real estate development projects in severely distressed communities of Cook County, Illinois. PNBI will provide deeply discounted loans and equity to develop charter schools, health clinics, other community facilities, and retail stores. Such projects are critical components of healthy neighborhoods but often struggle to obtain necessary financing. PNBI’s flexible products will enable these projects to go forward, demonstrably improving the quality of life for low-income residents and spurring additional revitalization in their communities.