Fisk Univeristy

Nashville,
TN
(2023)

Fisk Univeristy

HBCUs, Manufacturing

The renovation of the John Hope and Aurelia Franklin Library, the Driscoll House (Race Relations Building), the Boyd House, and new construction for the Roland Parrish Career Center.

Investment

NMTC Amount: $7,500,000
Total Project Cost: $30,000,000

IMPACT

58 FTE jobs
99 construction jobs
42,420 sq. ft. of real estate

CDEs

Hope Enterprise

Investor

Wells Fargo

Project Description

In January, HOPE made a $7.5 million New Markets Tax Credit investment in Nashville-based Fisk University to support the renovation of the John Hope and Aurelia Franklin Library, the Driscoll House (Race Relations Building), the Boyd House, and new construction for the Roland Parrish Career Center. Our largest investment to date with an HBCU, HOPE places a priority on financing projects that generate deep impact in historically underserved communities. HBCUs are a natural partner for HOPE in this work, because of their oversized role in expanding economic mobility for Black families and communities.

In addition to financing development projects, HOPE works with HBCUs in several other ways including: providing financial services for students, staff and alumni; sponsoring student internships and fellowships; and collaborating with procurement offices to increase diversity among HBCU suppliers and contractors.

MAP

Address: 1000 17th Avenue North, Nashville, TN 37208

Census Tract: 47037014200

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