The Cade Museum, which formerly operated from a small building near downtown Gainesville, has built a new facility using NMTC financing. The new Cade Museum is the anchor in the redevelopment of local Depot Park, and through a 21,000 sq-ft building provides services annually to 6,000+, with a focus on area low-income youth through targeted education programs and mentoring.
The Bishop Museum of Science and Nature, located in Bradenton, Florida, serves 10 counties. With NMTC financing, the Museum added a wing to house educational classrooms and exhibit space designed to break down barriers to STEAM education in nearby disadvantaged neighborhoods and area schools. The 23,000 sq-ft addition will serve an estimate 11,000 low-income students annually, and expand overall visits to the museum to 37,000 annually.
The YMCA of South Florida has served Broward, Miami-Dade, and Monroe Counties since 1915. With NMTC financing, an aging building will be replaced to meet the community’s growing needs. The new LA Lee YMCA / Mizell Community Center will serve 800-1200 residents daily from predominantly low-income households. On-site services include GED and job training programs, nutrition and wellness education, on-site daycare, and tutoring, to name a few.
Boys & Girls Clubs of Manatee County has served the Bradenton, Florida area since 1946. With NMTC financing, a 50-year old building was replaced with a new state-of-the-art facility. The new 37,000 sq-ft building will serve an estimated 2400 youth annually, 75% of whom are low-income. Programs focus on academic excellence, good character and citizenship, and healthy lifestyles.
Construction of 13,860 sq-ft new facility for outreach to low-income youth. Estimated reach of 900 low-income youth annually. The project will create 400 Temporary and 15 Permanent Jobs.
The Project relocated the Holy Cross School following the destruction of its campus in Hurricane Katrina. The School has educated young men in the New Orleans community for over 125 years, carrying out this mission from its original campus in the Lower Ninth Ward. The original 16 acre campus was completely destroyed by flood waters. The School serves approximately 520 students in grades 5 through 12 and had essentially been operating in temporary quarters since the storm. The new campus had the support of the community, as evidenced in a Resolution of Support adopted by the Gentilly Neighborhood Association Presidents in November 2006. By July of 2007, the neighborhood was described by the Times-Picayune as “a pattern of skeletal residences broken only by the occasional empty lot or construction project”. The School was the first major investment to be made in the community since the storm. Several new campus buildings were completed in August 2009 in time for about 760 students to return to school with the library and administrative buildings to be completed shortly thereafter. The Project was made possible through the use of a combination of Federal and State New Markets Tax Credits.
KIPP Booker T. Washington High School is the second high school in the KIPP New Orleans network of college-prep charter schools. The school has grown to serve students from grades 9 to 12 and provides high-quality charter seats for 930 students, 91% of whom are projected to be low- income and 25% special education, both higher than the average for New Orleans public schools. Hurricane Katrina irreparably damaged Booker T. Washington’s original facilities. As part of the post-Katrina overhaul of all New Orleans’ school facilities, the Recovery School District is preserving and refurbishing two parts of the historic Booker T. Washington building: the entrance and the 50,000 square-foot auditorium in which legends including Ella Fitzgerald and Dizzy Gillespie performed. The project also includes 150,000 square feet of new construction. The project would not have been possible without $20.25M of New Markets Tax Credit allocation from Civic Builders. The completed school facility is leased to KIPP New Orleans to host two schools in the KIPP New Orleans network: Booker T. Washington High School and Central City Academy Middle School.
As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization. A former abandoned building will soon become a new space for businesses to operate, and for community groups and residents to engage and collaborate. Approximately 88 permanent and 61 temporary full time jobs will also be created. Chase originated an $8 million New Markets Tax Credit construction loan to support revitalization efforts for the corridor. Additional financing includes a $1 million loan from the City of New Orleans Fresh Food Retailers Initiative and $900,000 in the form of two loans from the New Orleans Redevelopment Authority. The building supports Firstline Charter Schools, Broad Community Connections, Whole Foods Market, Liberty’s Kitchen, and Tulane Unviersity.
Renovation of a former high school facility into a 24,000-square-foot state-of-the-art community center/K-12 school
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.