Hiawatha Academies

Minneapolis,
MN
(2017)

Hiawatha Academies

Community, Schools

Through New Market Tax Credits, Sunrise provided financing for Hiawatha Collegiate High School’s new location, which was at the former Shasta bottling plant at 3500 E.

Investment

NMTC Amount: $15,620,000
Total Project Cost: $27,315,025

IMPACT

68 FTE jobs
30 construction jobs

CDEs

Partners for the Common Good, University Financial Corp.

Investor

Sunrise Bank

Project Description

Through New Market Tax Credits, Sunrise provided financing for Hiawatha Collegiate High School’s new location, which was at the former Shasta bottling plant at 3500 E. 28th St. in the Longfellow neighborhood of South Minneapolis. This new high school campus will open in fall 2018 with over 400 high school scholars. The school will grow to full capacity over the nextfour years with 788 scholars and 84 staff members. Hiawatha Academies currently serves over 1,200 scholars in grades K-10 in two elementary schools, a middle school, and a high school. The current high school was transformed to a second middle school location once the new location is complete. Hiawatha is among the largest charter schools in Minnesota, with nearly all of its student population residing in South Minneapolis. 90% of students qualify for free or reduced price lunches, and 65% are English Language Learners.

MAP

Address: 3500 28th Street East, Minneapolis, MN 55406

Census Tract: 27053107400

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