Search
YouTube Instagram
  • Memphis,
  • TN
  • (2020)

Leadership Preparatory Charter School

District: Steve Cohen (D-TN09)

Construction of a new middle school building to expand the current K-5 enrollment to K-8.

Investment

  • NMTC Amount: $1,385,299
  • Total Project Cost: $1,390,699

IMPACT

  • 4 FTE jobs
  • 7 construction jobs
  • 540 new students served
  • 27,000 sq. ft. of real estate

CDEs

Investor

Project Description

Construction of a new middle school building to expand the current K-5 enrollment to K-8. New construction of a 27,000 sq. ft. middle school on land adjacent to the existing elementary school. Leadership Preparatory Charter School opened in 2015 with kindergarten and first grade classes. It has added a grade every year since, currently at K-5. In order to realize its goal of K-8 education, the school needed more space. With the help of a construction loan from NFF and partners, the school will build its middle school adjacent to the elementary school, expanding by 2024 to 490 students from 315 currently. This loan is the first from NFF’s Resilient Communities Fund, a $10 million fund from our most recent NMTC awards. With loans under $4 million with low interest rates, the fund is available to borrowers with financing needs too small to benefit from traditional NMTC allocations.

MAP

Address: 4207 New Willow Road, Memphis, TN 38111

Census Tract: 47157011800

Missing information? Submit an update or correction.

Other Tennessee Projects

Lifespan Health
  • Savannah,
  • TN
  • (2021)
  • CDE(s): Community Health Center Capital Fund
Financing to support the development of a new 19,500 sq. ft. clinic on a six acre site that was previously purchased by Lifespan.
Learn more..
Smart Furniture
  • Chattanooga,
  • TN
  • (2006)
  • CDE(s): Southern Appalachian Fund
Smart Furniture, Inc. is a Chattanooga, Tennessee based furniture company that sells customizable home and office furniture through its Design on Demand platform via www.SmartFurniture.com.
Learn more..
The Tomorrow Building
  • Chattanooga,
  • TN
  • (2017)
  • CDE(s): River Gorge Capital
The Tomorrow Building is a four-story, 40,000 sq. ft. building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888.
Learn more..
All American Enterprises
  • Altamont,
  • TN
  • (2016)
  • CDE(s): Appalachian Fund for Growth
The Appalachian Fund for Growth provided NMTC financing to support All American Enterprises, a millwork manufacturer in Altmont, TN. The company does custom millwork, countertops, and cabinetry.
Learn more..