New Markets Tax Credit Coalition

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Grey’s Ferry Education and Wellness Center

Investment

  • NMTC Amount: $9,280,000
  • Total Project Cost: $9,625,175

IMPACT

  • 68 FTE jobs
  • 75 construction jobs
  • Project includes a Federally Qualified Health Center.

Investor

Project Description

Not-for-Profit office building acquisition and rehabilitation into a nonprofit office, healthcare and social service space. Includes the Reed Street Health Center and the Grays Ferry Childhood Education Center.

MAP

Address: 1325-49 South 33rd Street, Philadelphia, PA 19146

Census Tract: 42101003300

Other Pennsylvania Projects

Phased redevelopment of a 68,000 sq. ft. medical campus.
New construction of a 40,000 sq. ft. 1-story advanced warehouse facility with a 3-story 30,000 sq. ft. of office space for an office and biomedical supply company.
NMTC financing helped hospital secure purchase and install a new software system.
Primary Health Network built a new 45,000 square foot, health and social services facility in Punxsutawney, PA thanks in part to the NMTC.