Memphis Union Mission’s Opportunity Center

Investment

  • NMTC Amount: $14,000,000
  • Total Project Cost: $23,000,000

IMPACT

  • 98 FTE jobs
  • 27,270 sq. ft. of real estate

Project Description

A $14,000,000 New Markets Tax Credit (“NMTC”) investment supported Memphis Union Mission’s (“MUM”) The Opportunity Center, Phase 2 on March 14, 2022.

Located at 383 Poplar Avenue in Memphis, Tennessee, Phase 2 entails the new construction of a 21,270 square foot secure access facility that includes space for between 104 and 112 beds, a large community room, circulation areas, and two counseling offices. Phase 2 also includes the development of a large gathering area with seating, tables, and an exterior courtyard.

The project will allow MUM to provide emergency shelter to 2,000+/- homeless men annually, combined with supportive services including meals, clothing, residential recovery for substance abuse, referrals to long-term recovery, counseling, and housing referrals. Many of the beds in the Project will be used for emergency, “transient basis,” services (“Shelter Beds”). These Shelter Beds are those occupied for less than 30 days at a time. Individuals using Shelter Beds will also be participating in MUMs recovery programs. Recovery programs are nonclinical services that assists individuals and families working toward sustained recovery from substance use and other criminal risk factors.

MAP

Address: 383 Poplar Avenue, Memphis, TN 38105

Census Tract: 47157003900

Other Tennessee Projects

With the help of Reinvestment Fund and SunTrust Community Capital, the nonprofit was able to leverage a successful capital campaign through a NMTC financing structure to finance a new medical
Financing for the construction of 18 affordable homes for Loudoun County Habitat for Humanity.
The renovation of two historically-significant buildings and the construction of the green, LEED gold certified “Court Annex 2” building to create an urban center that offers 74 live/work units, 40,500
A new Technologically Advanced and Vertically Integrated manufacturing facility in the United States; manufacturing a high quality Made in the USA product line of office chairs and furniture at prices