New Markets Tax Credit Coalition

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Centennial Place

A new redevelopment project rresulted in 52 apartments, a commercial kitchen that prepares fresh and healthy meals for schools and social service clients and offer job training, and retail and warehouse space in a rapidly transforming neighborhood.

Investment

  • NMTC Amount: $17,860,000
  • Total Project Cost: $18,999,403

IMPACT

  • 11 FTE jobs
  • 130 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

In New Orleans’ Lower Garden District, a new redevelopment project is underway that resulted in 52 apartments, a commercial kitchen that prepares fresh and healthy meals for schools and social service clients and offer job training, and retail and warehouse space in a rapidly transforming neighborhood. 1770 Tchoupitoulas is the adaptive reuse of three industrial buildings along the Mississippi River waterfront that have been vacant for 20 years. A main feature of the project is a food production facility operated by Volunteers of America of Greater New Orleans, modeled after the successful “Catering for a Cause” program in Oregon. The organization anticipates serving 110 low-income clients and 2,110 students at eight area schools by its fifth year of operations. The food production facility also provides culinary arts training to low-income individuals preparing for careers in the food industry.

MAP

Address: 1770 Tchoupitoulas Street, New Orleans, LA 70130

Census Tract: 22071007700

PDF Profile

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