In 2012, West Liberty, Kentucky was literally destroyed by a series of E-3 tornadoes. It was left “virtually unrecognizable” with six deaths and 75 injuries as winds of greater than 150 miles per hour overturned cars, leveled buildings and devastated the lives of inhabitants. Kentucky Gov. Steve Beshear described the scene as a “war zone” and one resident remarked, “The buildings are gone, but the town’s still here.” One victim of the storm later found her high school diploma 100 miles away. This financing helped rebuild several businesses including the community center and has begun the revitalization of this rural town. While every business and government building in the downtown was destroyed, the residents vowed to rebuild the community. PCDE willingly agreed to help in the rebuilding efforts. Pacesetter CDE (PCDE)’s allocation was used to rehabilitate and recreate the Morgan County courthouse, the Morgan County Community Center, and several support buildings. A new health and wellness center was also developed.
Community Benefits: allocation was used to rehabilitate and recreate the Morgan County courthouse, the Morgan County Community Center, and several support buildings. A new health and wellness center was also developed. The health and wellness center was completely new construction and includes an indoor pool, fitness and workout rooms, a walking tack and community meeting rooms.
The construction created approximately 300 jobs. This project’s primary focus is on retaining jobs in the LIC. It was anticipated by County officials that the culmination of this project will result in saving 300 jobs. U.S. Congressman Hal Rogers of Kentucky said that this could be the largest storm recovery project ever in Kentucky. “We don’t know of any project this size in Kentucky history,” he said.
The project is building a uniquely integrated student union, recreation center, and athletic facility that will benefit generations of college students and the greater community.
The Coal Street project transformed a dilapidated 30-acre park into a regional sports and medical complex. Coal Street Park, located in WilkesBarre, Pennsylvania, was extensively rehabilitated, injecting new life into one of the city’s most highly trafficked roadways, while creating an attractive entrance to the downtown district and providing excellent public recreation offerings. Wilkes-Barre Mayor Tom Leighton stated that “the renovation…is a great example of how municipalities like WilkesBarre, working in cooperation with county, state, and federal levels of government and the private sector can provide outstanding offerings for their residents.”
The Basketball City project converts 63,000 square feet of warehouse space on Pier 36 in Manhattan’s Lower East Side into a basketball-focused recreational facility. In addition to to providing youth camps, clinics, and tournaments, the location will serve as home court for 28 New York City Public School Athletic League basketball teams.
The facility itself will contain seven basketball courts, locker rooms and a special events area. Sustainable design components such as solar panels, composite wooden floors and energy-efficient lighting and insulation will be incorporated in the renovation of the existing space.
The site will also a feature a waterfront esplanade open to the public, extensive landscaping, and space for parking. The project will be an integral piece of New York City’s East River Waterfront Esplanade Project.
As part of the NMTC financing agreement between UFA and Basketball City, the 50 expected full-time positions to be created by the project will be filled by eligible low-income residents of the area sourced through a community board.
The Mountain View neighborhood in Anchorage is a neighborhood in transition from distress and decay to new life as the City’s Arts and Cultural District. The District celebrates and supports its ethnic diversity with a revived commercial core of restaurants, bookstores, art galleries and studios. The renovated Sadler building serves as an which provides recreational and afterschool programs for under-privileged youth.
Major update of YWCA Dayton centers on trauma-informed care. A gut rehab of the seven-story, 118,000-square-foot building began this year with blended funding from historic tax credits, New Markets Tax Credits, supportive housing vouchers, and a capital campaign. As part of IFF’s special lending partnership with Cincinnati Development Fund (CDF), IFF approved a $1.6 million loan to bridge committed capital campaign funds and allow construction to begin. Because some capital campaign dollars were received sooner than anticipated, YWCA Dayton ended up borrowing only $500,000 from IFF/CDF.
NMTC financed development of a 35,000 sf community space for the McDonald Southeast YMCA. Included new construction of a full-service fitness center and early learning education center.
The Elizabeth Branch impacts the community it serves by nurturing the potential of every child, teaching the importance of spirit, mind, and body to achieve a healthier lifestyle and supporting its neighbors to learn life skills that will help them grow and thrive. The Elizabeth Branch serves Elizabeth and the surrounding communities, and provides The Dudley House Veterans Transitional Housing Program in Plainfield, NJ.