Cristo Rey Philadelphia

This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities.

Investment

  • NMTC Amount: $31,925,000
  • Total Project Cost: $33,043,622

IMPACT

  • 10 FTE jobs
  • 480 construction jobs
  • 90,000 sq. ft. of real estate

Investor

Project Description

This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities. Their mission is to provide a world-class, private education to low-income students in 9th through 12th grade. At Cristo Rey Philadelphia, every student works five days per month in a real job, for real wages. Jobs accelerate the students’ development, and their wages fund approximately 60 percent of the cost of their education. In June 2016, the first class of Cristo Rey students in Philadelphia graduated, and 100 percent of them were accepted into a four-year college and celebrate during their annual “signing day” event. City First allocated $10,000,000 in New Markets Tax Credits to Cristo Rey Philadelphia for the relocation and construction of a new, 90,000 sq. ft. school.

MAP

Address: 1711 West Allegheny Avenue, Philadelphia, PA 19141

Census Tract: 42101020101

Other Pennsylvania Projects

The renovation of a former car dealership and construction of a new multipurpose facility at a site located across the street from the existing Logos facility.
Rehabilitation and redevelopment of the Koppel Building creates 59k sq. ft. of mixed-use retail and residential space
In 2014, Community First Fund allocated NMTCs for a 35,000 sq. ft. expansion, allowing enrollment to grow from grades K-3 to K-8 and the creation of more than 80 jobs.
New construction of a 24,600 sq. ft. homeless shelter serving men, women, and children.