MLKG2

New Markets Tax Credit Coalition

Washington ,
DC
(2021)

MLKG2

College or Vocational Training, Historic Rehabilitation, Nonprofit Hub, Retail

Investment

NMTC Amount: $29,000,000
Total Project Cost: $65,145,010

IMPACT

192 FTE jobs
168 construction jobs
61,000 sq. ft. of real estate

CDEs

Chase, Harbor Bankshares Corporation, National Community Investment Fund

Investor

Chase

Project Description

Finance the adaptive reuse of two structures and the new construction of an office building containing approximately 61,000 sq. ft. of office and ground floor retail space, a roof terrace, and parking in Washington, D.C.

MAP

Address: 1909 Martin Luther King Jr Avenue Southeast & 111 Good Hope Road Southeast, Washington, DC 20020

Census Tract: 11001007503

Other District of Columbia Projects

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CDE(s): Capital Impact Partners, City First, Corporation for Supportive Housing, Local Initiatives Support Corporation, Morgan Stanley

New headquarters for a social service organization offering early childhood education, youth and parent engagement programs, healthy food, and other services. Also located on site - The Commons, Community Of

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Washington,
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Community, FQHCs, Healthcare, Schools

CDE(s): PNC

Financing for the construction of the 45,000 sq. ft. facility for E.L. Haynes

Community of Hope

Washington,
DC
(2020)

Behavioral Health, Community, FQHCs, Healthcare, Mixed-use, Nonprofit Hub

CDE(s): Chase, Harbor Bankshares Corporation, Partners for the Common Good

Finance the rehabilitation, construction and development of the approximately 22,511 sq. ft. Community of Hope Family Health and Birth Center.

Bread for the City – Southeast Center

Washington,
DC
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Adult Education, Behavioral Health, College or Vocational Training, Community, Dental Services, FQHCs, Healthcare, Shelters and Community Food

CDE(s): City First, DC Housing Enterprises

DC Housing Enterprises (DCHE) and co-allocatee City First provided $26 million in NMTC financing for the new BFC Southeast Center. The facility meets several community development and economic priorities.