New Markets Tax Credit Coalition

Renewal House

Financing for a new facility for Renewal House, a long-term comprehensive addiction treatment center for both women and children in Nashville, TN.

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $9,156,250

IMPACT

  • 35 FTE jobs
  • 155 construction jobs
  • 30,000 sq. ft. of real estate

Investor

Project Description

Renewal House is a long-term comprehensive addiction treatment center for both women and children in Nashville, TN. This expansion includes the new construction of a 30,000 sq. ft., 3-story building that will provide homes to 34 residential program families which will double the program’s current facility. In addition, the new facility will include space for treatment services and administrative staff offices.

MAP

Address: 3600 Clarksville Pike, Nashville, TN 37218

Census Tract: 47037012801

Other Tennessee Projects

NMTC allocation helped Custom Foods of America (CFA) finance a 50% expansion of their 350K sq. ft. Knoxville, TN production campus. CFA manufactures soups and sauces for chain restaurants and

Financing to Natureplex to support the purchase and equipping of a new facility
A new facility in Waverly, TN is helping train local workers for stable careers in manufacturing
Construction of a new middle school building to expand the current K-5 enrollment to K-8.