New Markets Tax Credit Coalition

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Feeding Northeast Florida

Purchase and rehabilitation of 120,000 sq-ft facility to address food insecurity

Investment

  • NMTC Amount: $14,000,000
  • Total Project Cost: $14,886,126

IMPACT

  • 63 FTE jobs
  • 75 construction jobs

Investor

Project Description

The acquisition and renovation of a 120,000sf warehouse will help combat food insecurity by growing and expanding Florida’s largest food book. This newly constructed warehouse will provide service to 4-5 additional rural counties in NE Florida.

 

 

https://fclf.org/meet-our-borrowers-item/feeding-ne-florida#:~:text=Florida%20Community%20Loan%20Fund%20provided%20%2414%20million%20in,loan%20program.%20The%20investor%20is%20U.S.%20Bank%20CDC.

MAP

Address: 5245 Old King's Road, Jacksonville, FL 32254

Census Tract: 12031011700

Other Florida Projects

NMTC financing for Care Resource Community Health Center to support a new facility.
The Armature Works building was originally built in 1910 as a streetcar maintenance facility.
Development of two grocery stores in and near food deserts.
Financing to support East Coast Aluminum Products, Inc, an aluminum supplier and wholesaler located in Fort Pearce.