Lehigh Valley Charter Arts School

New Markets Tax Credit Coalition

Bethlehem,
PA
(2015)

Lehigh Valley Charter Arts School

Community, Schools, Theaters and Performing Arts Spaces, Youth and Families

A new facility for the non-profit foundation that supports the mission of the Lehigh Valley Charter Arts School.

Investment

NMTC Amount: $18,260,000
Total Project Cost: $28,698,073

IMPACT

70 FTE jobs
150 construction jobs
91,000 sq. ft. of real estate

CDEs

City First, Community First Fund, The Reinvestment Fund

Investor

Chase

Project Description

Non-profit foundation that supports the mission of the Lehigh Valley Charter Arts School. The Lehigh Valley Charter High School for the Performing Arts launched 15 years ago in Bethlehem “to provide a unique environment that fosters a creative academic approach to learning and a development of talent in the arts.” Community First Fund allocated New Markets Tax Credits to the building project that, in turn, created more than 150 local construction jobs and retained 70 living-wage school jobs with full benefits. Built on an empty parking lot, Charter Arts opened its new home in 2015 – a light filled, 91,000 sq. ft. LEED Gold facility – and has since helped to revitalize and transform the former Bethlehem Steel plant area into a vibrant, thriving arts district, now known as SouthSide Bethlehem.

MAP

Address: 321 East Third Street, Bethlehem, PA 18105

Census Tract: 42095011000

PDF Profile

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