New Markets Tax Credit Coalition

Main Street Rehab Project

Investment

  • NMTC Amount: $6,305,000
  • Total Project Cost: $7,513,575

IMPACT

  • 6 FTE jobs
  • 10 construction jobs

Investor

Project Description

This NMTC project rehabilitates seven properties along Main Street, primarily the old jail building in Knott, into a climate-controlled bus waiting area to allow for expanded transportation options. It also includes construction of a parking structure featuring a walking track and outdoor art installations. Offices and space for HUD and other community partners will create a one-stop shop for client services and transportation options for low-income and elderly residents.

MAP

Address: Justice Center Drive, Hindman, KY 41822

Census Tract: 21119960300

Other Kentucky Projects

This project is a renovation of 4 businesses (Realtor, Pharmacy, and Chiropractor in the Imperial Building. Additionally 12 market rate apartments & 4 subsidized apartments were created.

Kitchen incubator and construction of single family for-sale housing.
New sports facility supports job training, education, health and wellness, and opportunity in the Russell neighborhood
This project was for a phase in the largest capital expenditure in Berea's history.