Crescent Commons

This multi-phase project transformed the long vacant building into a new headquarters for a nonprofit mental health counseling organization specializing in mental health support and drug dependency counseling, as well as the city's LGBTQ+ community center.

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $8,603,784

IMPACT

  • 138 FTE jobs
  • 6 construction jobs
  • Family Counseling Services serves over 5,000 individuals annually (85% low-income)

Investor

Project Description

The Crescent Corset Company factory in Cortland, New York, was one of the leading employers for women in the region. This multi-phase project transformed the long vacant building into a new headquarters for a nonprofit mental health counseling organization specializing in mental health support and drug dependency counseling.

MAP

Address: 165 S Main St, Cortland, NY 13045

Census Tract: 36023970900

Other New York Projects

Finacning for a new mid-size bar cell capital project at its Dunkirk, NY facility.

Capital Impact Partners and Chase provided NMTC financing to Urban Health Plan (UHP), via its support corporation, The Foundation for Urban Health and Well Being, Inc. to expand their existing

A catalyst for economic development will supply 992 units of much needed affordable housing, community-serving retail space and community facility space to a low-income neighborhood.

NMTC financing for a food distribution facility, Foodirect Inc., a full-service food distributor that has been family-owned and operated since 1944. The company stocks over 5,000 unique food products and