New Markets Tax Credit Coalition

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Meals on Wheels San Antonio

New construction of a 43,730 sq. ft. facility that will have an optimized production kitchen with increased cold and dry storage; an efficient food preparation space; a dedicated volunteer training and waiting area; a safe, easy-to-navigate loading dock; and an expanded Grace Place Center Alzheimer’s programs.

Investment

  • NMTC Amount: $21,000,000
  • Total Project Cost: $21,264,259

IMPACT

  • 40 FTE jobs
  • 111 construction jobs
  • Serves 8,575 seniors annually, which is a 27% increase in the number of seniors served at its existing facility needs of a growing senior population in the San Antonio region.
  • 43,730 sq. ft. of real estate

Investor

Project Description

New construction of a 43,730 sq. ft. facility that will have an optimized production kitchen with increased cold and dry storage; an efficient food preparation space; a dedicated volunteer training and waiting area; a safe, easy-to-navigate loading dock; an expanded Grace Place Center Alzheimer’s programs; and an administrative home for the Project. This new facility will replace the current home of facility and more than double their capacity for meals and delivery.

MAP

Address: 2718 Danbury Drive, San Antonio, TX 78217

Census Tract: 48029120901

Other Texas Projects

A $7 million federal NMTC financing to construct the first phase of the new Trinity Basin Prep charter school in Fort Worth, TX.
Financing for a FQHC serving low-income families.
Remediation and rehabilitation of a 23,000+ sq. ft. warehouse building for equipment related to traffic control.

$5 million allocation will create approximately 18 homes for low-income buyers with median incomes averaging $36,000 per year. These buyers will receive pre-purchase financial counseling, homebuyer education, and ongoing support.