New Markets Tax Credit Coalition

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Benning Market

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $16,646,884

IMPACT

  • 64 FTE jobs
  • 12 construction jobs
  • In addition to job creation, the project targets 50% of jobs to Low-Income Persons or residents of Low-Income communities by partnering with local organizations and other training institutions to identify, recruit for employment and provide training to lower income individuals.

Investor

Project Description

2 buildings of multi-tenanted spaces including retail market space, light industrial, office and community facility healthcare space

MAP

Address: 3443 and 3451 Benning Road Northeast, Washington, DC 20019

Census Tract: 11001009604

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NMTC financing helped Mary's Center expand its coverage and partner with local hospitals in programming.
The acquisition, redevelopment and expansion of the vacant former Anna Johenning Baptist Church building will transition into the 300 student campus for Early Children Education Center.