New Markets Tax Credit Coalition

Search

Mother Mary Lange Catholic School

Finances the construction of a new 65,000-sq. ft., three-story elementary school that will house two classes per grade level and a 520-student capacity.

Investment

  • NMTC Amount: $24,500,000
  • Total Project Cost: $27,336,666

IMPACT

  • 52 FTE jobs
  • 150 construction jobs
  • 65,000 sq. ft. of real estate

Investor

Project Description

Finances the construction of a new 65,000 sq. ft., three-story elementary school that will house two classes per grade level and a 520-student capacity. The new school is named in honor of Mother Mary Lange who founded St. Frances Academy in Baltimore in 1828.

MAP

Address: 732 West Lexington Street, Baltimore, MD 21201

Census Tract: 24510280600

Other Maryland Projects

Financing for a federally qualified health center.
Redevelopment of the 86,000 square foot blighted complex (that includes 6 buildings) in East Baltimore’s Middle East neighborhood, which had been vacant since 1981 and was in a state of
NMTC financing supported Dayspring, an organization that transforms the lives of homeless children and their families by providing housing, substance abuse treatment and services to assist families to gain stability
New rehabilitation project anchors the Hollins Market neighborhood, an area in west Baltimore hard hit by blight and disinvestment and on the edge of the University of Maryland's Bio Park.