New Markets Tax Credit Coalition

Marygrove

Investment

  • NMTC Amount: $16,000,000
  • Total Project Cost: $27,687,449

IMPACT

  • 91 FTE jobs
  • 125 construction jobs
  • 64,732 sq. ft. of real estate

Investor

Project Description

The Immaculata School is the rehabilitation of an innovative, foundational, and collaborative education facility serving K-5 and run by the Detroit Public School Community District (DPSCD). Rehab includes mechanical, electrical, and plumbing upgrades and provides for renovations to existing classrooms and support spaces to facilitate the programming for DPSCD. The 64,732 sq. ft., the 3-story rehabbed facility will allow students to encounter increasingly open and flexible common areas, enabling the educational activities to expand from the defined classroom spaces into open and dynamic group settings. The Immaculata school is the second stage in a cohort consortium that takes individuals from “cradle to career.” The School at Marygrove is a public school with a high focus on social justice and engineering to enable students to identify and solve complex problems and actively participate in creating a more just and equitable future. DPSCD is Michigan’s most extensive public education system. They champion a whole child approach that combines superior academics with socio-emotional, extracurricular, and health services tailored to each student’s needs.

MAP

Address: 16661 Greenlawn Street, Detroit, MI 48221

Census Tract: 26163536100

Other Michigan Projects

The rehabilitation of an existing two-story building that currently houses the Allen Neighborhood Center into a three-story mixed-use development in the City of Lansing.
Breathing new life into Pontiac, Michigan, and offering an unparalleled blend of social services, educational programs, and cultural spaces designed to empower and enrich the lives of a community in
NMTC financing supported equipment upgrades for a recycled paper manufacturer and paper mill.
FQHC in rural Calumet, MI, providing exceptional medical, dental and behavioral health care.