Crescent Cove

Minneapolis,
MN
(2018)

Crescent Cove

Community, Healthcare

Financing for a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them

Investment

NMTC Amount: $1,240,000
Total Project Cost: $1,240,000

IMPACT

CDEs

University Financial Corp.

Investor

Sunrise Bank

Voices from the Community

This has been an essential program to help us open a children’s hospice and respite home in Minnesota. Thank you!

-Katie Lindenfelser, Crescent Cove, Plymouth, MN

Project Description

NMTC-financing supported Crescent Cove, a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them. Around the United States, there are over 4,700 hospice homes for adults; the Crescent Cove Respite & Hospice Home for Kids is Minnesota’s first and only home designed just for children and their unique needs, and just the third of its kind in the United States. A vibrant and joyful home-away-from home, our goal is to help families feel Embraced, Assured, and Celebrated.

MAP

Address: 4201 58th Avenue North, Minneapolis, MN 55429

Census Tract: 27053020400

Other Minnesota Projects

Mercury Mosaics and Tile

Wadena,
MN
(2020)

Business Development, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 sq. ft. warehouse building in Wadena, MN, purchase equipment, and provide working capital.

Crescent Cove

Minneapolis,
MN
(2018)

Community, Healthcare

CDE(s): University Financial Corp.

Financing for a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them

Navy Island Inc.

West Saint Paul,
MN
(2019)

Business Development, Manufacturing

CDE(s): University Financial Corp.

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Bongards, Perham (MN)

Perham,
MN
(2024)

Business Development, Manufacturing

CDE(s): Dudley Ventures, Mascoma Community Development, National New Markets Fund, Rural Development Partners, Waveland Community Development

New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.