New Markets Tax Credit Coalition

Search

Sendero Verde

Investment

  • NMTC Amount: $18,000,000
  • Total Project Cost: $223,000,000

IMPACT

  • 578 FTE jobs
  • 1,115 construction jobs

CDEs

Investor

Project Description

The $18 million NMTC financing support from JPMorgan Chase is helping redevelop vacant city-owned land in East Harlem into a mixed-use development that will include 700 units of affordable housing and an elementary school operated by Harlem Children’s Zone (HCZ), which will provide high-quality, standards-based academic programs for students.

Both students and their families will also have access to HCZ’s comprehensive network of supports, including counseling, benefits assistance and other social services.

MAP

Address: 60 East 112th Street, New York, NY 10029

Census Tract: 36061017402

Other New York Projects

UHP used NMTC financing to build a new 54,000-sq. ft. facility adjacent to their currently overcrowded site in the Morrisania neighborhood of the Bronx.
The purchase and improvement of real estate that is leased to a hospital as a medical office building, bringing accessible health care to a rural community. Financing was provided by

Lent Hill (LH) is the development and operation of a 2MW facility powered by local farmer’s food waste and silage. LH will process 43K gallons of local food waste per

A $51.5 million one-of-a-kind community facility is now home to early childhood education programs, youth development and education programs, mental health counseling, art education programs for young artists and seniors,