Alma del Mar Charter School

New Markets Tax Credit Coalition

New Bedford,
MA
(2015)

Alma del Mar Charter School

Community, Schools, Youth and Families

Demolition of 100 year old school building, construction of new school building.

Investment

NMTC Amount: $14,510,000
Total Project Cost: $16,252,650

IMPACT

20 FTE jobs
88 construction jobs
39,000 sq. ft. of real estate

CDEs

Chase, MassDevelopment

Investor

Chase

Project Description

Demolition of 100 year old school building, construction of new school building. Alma del Mar is a Massachusetts charter school located in New Bedford since 2011. Its mission is to send all of its scholars to college without exception. Despite having a student body that is 79% low-income Alma del Mar maintains high expectations and provides support for students and families in order to set each scholar on the path to college. Its highly successful program has created strong pressures to grow and it is seeking to increase its enrollment from 240 currently to 450 by 2020. To accommodate this growth, it is planning on acquiring its leased site from the City of New Bedford, demolishing the existing building, and constructing a 39,000 sq. ft. school building.

MAP

Address: 26 Madeira Avenue, New Bedford, MA 2746

Census Tract: 25005650600

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