Meeting Street

The new construction of a 28,000 sq. ft. addition to an existing 76,000 sq. ft. facility.

Investment

  • NMTC Amount: $13,000,000
  • Total Project Cost: $31,455,582

IMPACT

  • 243 FTE jobs
  • 25 construction jobs
  • 5,000 children served per year
  • 28,000 sq. ft. of real estate

CDEs

Investor

Project Description

Meeting Street was founded in 1946 and is headquartered in a severely distressed urban neighborhood of Providence, Rhode Island. The organization provides educational and therapeutic services to over 5,000 children annually ranging from birth to age 21, most of whom are low-income.

NMTC financing supported the new construction of a 28,000 sq. ft. addition to the existing 76,000 sq. ft. facility. The purpose of the new addition is to provide ten new classrooms and other program space for sub-tenancy by Hope Academy Charter School, which was launched by the sponsor in 2014.

MAP

Address: 100 Eddy Street, Providence, RI 2905

Census Tract: 44007000800

Other Rhode Island Projects

Providence Public Library used NMTC financing a $25 million renovation of its library in Providence.
A new $15-million community health center projected to more than double the number of residents served in Rhode Island’s smallest and poorest city.
A new food hub expands access to fresh food while empowering a new generation of culinary entrepreneurs.
Civic Builders expertly completed a swift renovation of a former Catholic school building to meet the 21st century needs of BVP Middle School 1.