Moving in the Spirit – Space to Soar

New Markets Tax Credit Coalition

Atlanta,
GA
(2018)

Moving in the Spirit – Space to Soar

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Transit Oriented Development, Youth and Families

Acquisition and construction of a 21,500 sq. ft. transit oriented development of a nonprofit arts organization.

Investment

NMTC Amount: $8,500,000
Total Project Cost: $8,733,750

IMPACT

29 FTE jobs
112 construction jobs
21,500 sq. ft. of real estate

CDEs

Atlanta Emerging Markets

Investor

Chase

Project Description

The project involves acquisition and construction of a 21,500 sq. ft. transit oriented development of a nonprofit arts organization. The facility (“Space to Soar”) includes a variety of spaces tailored to the programmatic needs of the organization. The project allows Moving in the Spirit to double its capacity to serve 500 youth annually through dance classes and workshops. Space to Soar also provides work space for human services agencies focused on workforce development training and placement.

MAP

Address: 1450 LaFrance Street Northeast, Atlanta, GA 30307

Census Tract: 13089020600

Other Georgia Projects

Advanced Industrial Group 2

Augusta,
GA
(2021)

Manufacturing

CDE(s): Advantage Capital

Advanced Industrial Group is a manufacturer of HVAC equipment. The project provided the Company with funds for business acquisition and working capital. This business acquisition will allow the Company to

Grady Center for Advanced Surgical Services

Atlanta,
GA
(2020)

Community, Fighting Cancer, Healthcare, Hospitals and Emergency Services, Safety Net Hospital

CDE(s): Carver State Bank, CCG Community Partners, Community Hospitality Healthcare Services, Local Initiatives Support Corporation, Truist, Urban Action Community Development

A new, 555,000 square foot facility with eight operating rooms, four endoscopy rooms, a Cancer Center, surgical clinics including orthopedics, general surgery, ENT, oral surgery, an Eye Center, and imaging,

Atlanta Police Foundation – At-Promise Youth Center

Atlanta,
GA
(2019)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): Atlanta Emerging Markets

NMTC financed the construction of two new @Promise Youth Centers, state-of-the-art community facilities that emphasize creating positive relationships between police officers and the community.

LaGrange College

Lagrange,
GA
(2016)

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

CDE(s): Dakotas America

The $21 million science complex LaGrange College comprises two buildings: the newly constructed, $17 million, 43,000-sq. ft. Ida Callaway Hudson Lab Sciences Building and, across the street, the 45-year-old, 27,000-sq.