Featured:

Cristo Rey Philadelphia

Philadelphia, PA (2017)

This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities.

COMMUNITY IMPACT
  • 10 FTE jobs
  • 480 construction jobs
FINANCING SOURCES
  • NMTC amount: $31,925,000
  • Total Project Costs: $33,043,622
  • CDE:
PROJECT LOCATION

1711 West Allegheny Avenue

Philadelphia, PA 19141

Project Description

This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities. Their mission is to provide a world-class, private education to low-income students in 9th through 12th grade. At Cristo Rey Philadelphia, every student works five days per month in a real job, for real wages. Jobs accelerate the students’ development, and their wages fund approximately 60 percent of the cost of their education. In June 2016, the first class of Cristo Rey students in Philadelphia graduated, and 100 percent of them were accepted into a four-year college and celebrate during their annual “signing day” event. City First allocated $10,000,000 in New Markets Tax Credits to Cristo Rey Philadelphia for the relocation and construction of a new, 90,000 sq. ft. school.

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