Crossroads Charter Schools

New Markets Tax Credit Coalition

Kansas City,
MO
(2015)

Crossroads Charter Schools

Community, Historic Rehabilitation, Schools

Crossroads Academy of Kansas City opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually serves 422 students in grades K-8.

Investment

NMTC Amount: $6,435,000
Total Project Cost: $6,573,543

IMPACT

24 FTE jobs
14 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

Enterprise Financial CDE, USBCDE

Investor

US Bank

Project Description

Crossroads Academy of Kansas City ;opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually serves 422 students in grades K-8. The new school is in a historic and formerly vacant office building in downtown Kansas City, preserving a neighborhood anchor institution.

IFF closed on $4.8 million in bridge loans for buying and renovating the building, with plans to provide permanent financing. The bridge loan allowed the school to open on time while securing historic tax credits and capital campaign pledges. Previously, IFF made a loan to Crossroads to renovate its first campus.

MAP

Address: 1015 South Central Street, Kansas City, MO 64105

Census Tract: 29095015700

Other Missouri Projects

Delta Peanut

Kennett,
MO
(2021)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Community Development Venture Capital Alliance, Hampton Roads Ventures, Heartland Renaissance Fund

The construction of a peanut processing plant that allows Delta Peanut, a cooperative of 73 family-owned peanut farms, to process and directly sell its peanuts, rather than outsourcing this activity

Wealth Accumulation Center in Benton Park

Jennings,
MO
(2015)

Adult Education, College or Vocational Training, Community, Vocational Training

CDE(s): Heartland Regional Investment Fund

St. Louis Community Credit Union and Prosperity Connection Launch Wealth Accumulation Center in Benton Park.

Hazelwood Logistics Center

Hazelwood,
MO
(2015)

Business Development, Manufacturing

CDE(s): Central Bank of Kansas City, Heartland Regional Investment Fund

The Hazelwood Logistics Center anchors a major industrial park in northern St. Louis. Strategically located among four major US interstates, the 164-acre park accommodates a wide range of activities, from

Marquette Tech District

Cape Girardeau,
MO
(2017)

Adult Education, Business Development, College or Vocational Training, Community, Historic Rehabilitation, Incubator, Mixed-use

CDE(s): Central Bank of Kansas City

The adaptive-reuse of two historical buildings that were renovated into a tech-powered business incubation center and a Marriott Courtyard hotel in Cape Girardeau, MO.