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

Mixed-Use with the Bowen YMCA

Washington,
DC
(2013)

Community, Daycare and Early Childhood, Mixed-use, Office, Retail, Retail and Commercial, Youth and Families, Youth Program

CDE(s): City First

The Bowen YMCA began a redevelopment project to turn it's dilapidated building into a modern, mixed-use facility featuring 170 residential units, retail space and underground parking.