College Park

Jacksonville,
FL
(2022)

College Park

Business Development, Community, Grocery and Fresh Food, Retail, Retail and Commercial

The $18 million rejuvenation of a shopping center creates over 100 jobs in Jacksonville, FL

Investment

NMTC Amount: $15,000,000
Total Project Cost: $18,154,910

IMPACT

96 FTE jobs
50 construction jobs
The expected impact on the racial equity on the College Park project is threefold - job creation, blight removal and healthy foods. The project and the new anchor tenant have committed to hiring community based LIP for the new jobs to be created by this p
183,421 sq. ft. of real estate

CDEs

Local Initiatives Support Corporation, RBC Community Development

Investor

PROPEL Investment Fund

Project Description

RBC and LISC provided $15 million in NMTC financing toward the $18 million rejuvenation of a shopping center. The project addresses community needs identified in Jacksonville’s Renew Arlington Community plan.

A second phase of the project will involve the development of housing and a food court with alternative financing.

MAP

Address: 903 University Boulevard North, Jacksonville, FL 32211

Other Florida Projects

Community Health Centers of Pinellas

High Point, St. Petersburg, Tarpon Springs,
FL
(2020)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

CDE(s): Florida Community Loan Fund

Florida Community Loan Fund provided $17M in NMTC financing for Community Health Centers of Pinellas to build 2 new and renovate 2 existing health clinics.

College Park

Jacksonville,
FL
(2022)

Business Development, Community, Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Local Initiatives Support Corporation, RBC Community Development

The $18 million rejuvenation of a shopping center creates over 100 jobs in Jacksonville, FL

Tampa Habitat for Humanity

Tampa,
FL
(2018)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): Housing Partnership Network

NMTC financing supported the construction of affordable housing units for Tampa Habitat for Humanity.

ALDI Florida

Haines City,
FL
(2018)

Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Warehouse and Wholesale

CDE(s): Central States Development Partners, United Bank of Alabama

A 200,000 square foot expansion of a distribution center, providing necessary space to handle the increase in volume of products held for distribution.