Portland, OR (2007)

Community Transitional School

A school for children impacted by homelessness relocates into a new and permanent facility.

Investment

  • NMTC Amount: $2,978,468
  • Total Project Cost: $3,500,000

IMPACT

  • 12 FTE jobs
  • 50 construction jobs
  • 9,500 sq. ft. of real estate

Investor

Project Description

Community Transitional School was founded in 1990 in Portland to create a stable educational environment for children whose families were homeless, in transition, or suffering a poverty-related crisis. In the 16 years of its existence, Community Transitional School had been forced to move 6 times, and was again looking for a new location. The school began a capital campaign to build a permanent facility, but New Markets Tax Credits were essential to close the financing gap and allow construction of the new school to begin. The brand new 9,500 sq. ft. school with classrooms, administrative offices, exercise area and track opened in May of 2008. Over 200 children attend the school each year, with average daily enrollment of 70 to 80 students. Several of the project partners provided consulting, legal, and accounting services pro bono. The project received Honorable Mention in the 2008 Small Business Qualified Low-Income Community Investment award category from the Novogradac Community Development Foundation.

MAP

Address: 6507 Northeast Killingsworth Street, Portland, OR 97218

Census Tract: 41051007400

PDF Profile

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