U.S. Bancorp Community Development Entity | New Markets Tax Credit Coalition

Crossroads Charter Schools

Crossroads Academy of Kansas City opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually will serve 422 students in grades K-8. The new school is in a historic and formerly vacant office building in downtown Kansas City, preserving a neighborhood anchor institution. IFF closed on $4.8 million in bridge loans for buying and renovating the building, with plans to provide permanent financing next year. The bridge loan allowed the school to open on time while securing historic tax credits and capital campaign pledges. Previously, IFF made a loan to Crossroads to renovate its first campus.

Argonaut

An arts and design College and dorm, Charter Middle/High School and business accelerator: Located in downtown Detroit, MI, The Argonaut project converted a historic GM building into a 760,000 sq. ft. mixed-use educational facility. The College of Creative Studies’ expansion campus features educational facilities for undergraduate and graduate programs, residential facilities for up to 300 students and an arts and design middle and high school serving approximately 900 students annually. The project achieves LEED Certification for Existing Buildings, incorporates sustainability features, and may incorporate alternative energy generation once construction is complete. Six NMTC allocatees were involved in the transaction to overcome long-standing development hurdles. (NNMF NMTCs: $7.5 million)

Pullman Community Center

The center will provide sports and recreational opportunities to low income residents on Chicago’s south side. Individuals, housing authority residents and local teams will be able to utilize the facility at reduced rates.

Junior Achievement of the Upper Midwest

The project is the construction of 58,000 SF learning facility in the Midway Neighborhood of Saint Paul, MN. The new design will include increased accessibility, larger space for learning, and optimized volunteer engagement in the Twin Cities Community. + JAUM provides age appropriate programs concentrating on financial literacy, college career readiness and entrepreneurship for K-12 students. Through JAUM students learn how to process information, apply basic skills, think critically and solve problems.

Boys and Girls Club of San Francisco Fulton Street Clubhouse

In 2013, Boys & Girls Clubs of San Francisco received NMTC financing to support construction of a new 30,000 square-foot Clubhouse in the Western Addition. The goal was to serve a total of 2,000 children and teens annually, ages 6-18, with an average daily attendance of 190 – spread proportionally across elementary, middle, and high school ages. This new Clubhouse replaces the old Ernest Ingold Club on Page Street in the Upper Haight, which was built in 1952. The old facility is worn from decades of use with old infrastructure (plumbing, electrical, heating), aged bathroom facilities, an inefficient layout, and no energy efficient systems. That said, the primary reason for the new Clubhouse is to relocate. The children and teens served do not live in the Upper Haight, but instead largely live in the Western Addition, Lower Haight and Hayes Valley. Moving the Club aligns with our mission of “serving the youth who need us the most”.

1401 Howard

Rehabilitation of the historic St. Joseph’s Church, vacant since the 1989 Loma Prieta Earthquake, into creative incubator offices and outdoor community space. Chris Foley and Polaris Pacific has completed the conversion of the historic church into approximately 22,000 square feet of creative office space with approximately 10,000 square feet of outdoor community space. The property has been part of the community for over 150 years. After the 1989 Loma Prieta Earthquake, the property was red tagged (deemed uninhabitable) by the City and vacated by The Archdiocese of San Francisco. In 2007, the Project Sponsor acquired the project with the initial idea to redevelop the property into a residential project. However, the City and preservation community wanted the property to maintain its original character. As a result, based upon their feedback, the Project Sponsor spent more than 4 years obtaining the necessary approvals to transform the building into office and community assembly space with a café.

LightHouse for the Blind and Visually Impaired

The LightHouse for the Blind and Visually Impaired project involves the acquisition and renovation of three floors of an 11-story building to create a modern 39,000 square-foot headquarters for LightHouse for the Blind and Visually Impaired. The new headquarters will include short-term dorms for 30 people for intensive on-site training; a “Tech Training Complex;” a 12-person blindness skills training kitchen; a volunteer center; administrative office space; an accessible fitness gym; a braille and tactile map production center; an auditorium for large community events; and a retail store specializing in products for the blind or people with low vision.

Oceano Community Health Center of the Central Coast

The facility will be a primary care health clinic serving seasonal and migrant farm workers residing in the southern part of the San Luis Obispo County.

Omaha Early Learning Center at Kennedy

The construction of an early childhood learning center. The center will serve low-income children from infancy through preschool.

Capitol Distributing III, LLP

The project is new construction of a building that will house for distribution goods sold in convenience and small grocery stores. The new facility will allow the QALICB to add an on-site training and education facility in coordination with the College of Western Idaho, a non-profit that provides job training to refugees and ex-prisoners, and a local apprenticeship program.