New Markets Tax Credit Coalition

DC Prep Anacostia

Redevelopment and expansion of a vacant 18,000 sq. ft. school building that formerly housed Our Lady of Perpetual Health Catholic School.

Investment

  • NMTC Amount: $6,000,000
  • Total Project Cost: $27,400,000

IMPACT

  • 48 FTE jobs
  • 12 construction jobs
  • Increases enrollment by 200% from 200 to 400
  • 18,000 sq. ft. of real estate

Investor

Project Description

Redevelopment and expansion of a vacant 18,000 sq. ft. school building that formerly housed Our Lady of Perpetual Health Catholic School into a ‘state-of-the-art’ 36,000 sq. ft. building to serve as the Anacostia campus of DC Prep.

MAP

Address: 1409 V Street Southeast, Washington, DC 20020

Census Tract: 11001007503

Other District of Columbia Projects

A 111,293 sq. ft. commercial development in the Congress Heights neighborhood in southeast Washington, DC.
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Town Hall Education Arts Recreation Campus was developed by a nonprofit called Building Bridges Across the River to address the economic, academic and social challenges facing families living east of
Redevelopment and expansion of a vacant 18,000 sq. ft. school building that formerly housed Our Lady of Perpetual Health Catholic School.