Christian Brothers School

New Orleans,
LA
(2009)

Christian Brothers School

Community, Disaster Recovery, Katrina, Schools, Youth and Families

The Christian Brothers School new multi-purpose facility constitutes the first new building constructed in the New Orleans institution’s fifty-year history.

Investment

NMTC Amount: $5,000,000
Total Project Cost: $6,000,000

IMPACT

5 FTE jobs

CDEs

Advantage Capital

Investor

Unknown

Project Description

Funded by a $5 million New Markets Tax Credit qualified equity investment paired with another $1 million of unleveraged sources, the Christian Brothers School new multi-purpose facility constitutes the first new building constructed in the New Orleans institution’s fifty-year history. At last, the school’s student body will have access to modern athletic facilities, a dedicated venue for the arts and a science lab. Qualified for NMTCs under special Gulf Opportunity Zone (“GO Zone”) targeted population rules instituted to assist the Gulf Coast’s recovery from Hurricane Katrina, CBS’ multi-purpose facility is another impressive illustration of the region’s comeback. Like many other area institutions, Christian Brothers School continues to grapple with general post-Katrina financial constraints; without the NMTC subsidy, the school’s new building could not have been afforded.

MAP

Address: 8 Friederichs Avenue, New Orleans, LA 70124

Census Tract: 22071980000

Other Louisiana Projects

Christian Brothers School

New Orleans,
LA
(2009)

Community, Disaster Recovery, Katrina, Schools, Youth and Families

CDE(s): Advantage Capital

The Christian Brothers School new multi-purpose facility constitutes the first new building constructed in the New Orleans institution’s fifty-year history.

Central City Office and Retail

New Orleans,
LA
(2011)

Mixed-use, Office, Retail, Retail and Commercial

CDE(s): Local Initiatives Support Corporation

The development of a 17,801 sq. ft. commercial space in a four-story building that houses the New Orleans Redevelopment Authority.

Morehouse Community Health Center

Bastrop,
LA
(2021)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Rural, Shelters and Community Food

CDE(s): Community Health Center Capital Fund, Primary Care Development Corporation

The project involves the construction of a 41,260 sq. ft., state-of-the-art clinic facility in Morehouse Parish.

The ReFresh Project

New Orleans,
LA
(2013)

Community, Food Manufacturing, Manufacturing, Mixed-use, Retail, Schools

CDE(s): Chase, GS New Markets Fund

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization.