Crossroads Charter Schools

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

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