Nashville Rescue Mission

Investment

  • NMTC Amount: $11,500,000
  • Total Project Cost: $30,030,049

IMPACT

  • 53 FTE jobs
  • 46 construction jobs
  • The project expects to serve 2,526 low-income persons annually an increase from 1,683 annually
  • 70,880 sq. ft. of real estate

Investor

Project Description

For over 68 years, Nashville Rescue Mission has provided thousands of women, men, and children with meals, a safe place to stay, and life-changing programs that help with various issues they face.

Unfortunately, the Mission’s current facility reached capacity and was no longer able to serve additional women and children. The pressing affordable housing crisis has only worsened the homeless problem within Nashville and other communities nationwide. Families with one or both parents working are no longer guaranteed to make ends meet and keep their homes due to rising housing costs and inflation. In addition, illness, unemployment, accidents, criminal records, and evictions often limit a person’s ability to secure stable and affordable housing.

Many of Nashville’s homeless are children. They sleep in cars, shelters, or stay with friends and family. According to Metro Nashville Public Schools, nearly 3,500 students experienced homelessness in the last school year.

Nashville Rescue Mission used NMTC allocation to build a new facility that will provide housing and services to the most vulnerable women and children of the community. Amenities includes common areas, classrooms, computer lab, laundry rooms, life coach offices, private and/or semi-private bedrooms, emergency shelter housing, and an outdoor courtyard.

MAP

Address: 1716 Rosa L. Parks Blvd, Nashville, TN 37208

Census Tract: 47037019402

Other Tennessee Projects

NMTCs helped Dot Foods revitalize a rural community that lost more than 3,000 manufacturing jobs between 2010-2013.
The Appalachian Fund for Growth provided NMTC financing to support All American Enterprises, a millwork manufacturer in Altmont, TN. The company does custom millwork, countertops, and cabinetry.
Family-Run Steel Manufacturer Receives Critical NMTC Financing to Match Growing Demand

NMTC financing supported the launching of a new, onsite full-service oncology program for a safety net hospital in Memphis, TN. The project will occupy two dedicated floors in the Regional