New Markets Tax Credit Coalition

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Albina Head Start

A Head Start program serving over 1,000 children receives NMTC financing to improve their overall financial sustainability including working capital.

Investment

  • NMTC Amount: $9,506,000
  • Total Project Cost: $10,512,720

IMPACT

  • 241 FTE jobs
  • 52 construction jobs
  • 1000 children served.

Investor

Project Description

Albina Head Start (AHS), a federally funded nonprofit organization, provides early childhood education services to approximately 1,000 low-income families in North, Northeast and Southeast Portland. AHS has been serving children and families in Portland since the inception of the Head Start Program in 1965. AHS’ comprehensive services include health, nutrition, social services and cognitive development to children ages birth to five. AHS has over 20 Head Start and Early Head Start Program locations, serving approximately 1,000 children and families in Portland and supports a staff of 241 employees. The AHS project involves the refinancing of five Head Start and Early Head Start program properties in Portland. Refinancing will lower AHS’ debt burden and enable AHS to provide greater services to its low-income families.

MAP

Address: 911 North Skidmore Street, Portland, OR 97217

Census Tract: 41051003701

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