New Markets Tax Credit Coalition

New Settlement Community Center

Renovation of a former high school facility into a 24,000 sq. ft. state-of-the-art community center/K-12 school

Investment

  • NMTC Amount: $12,352,500
  • Total Project Cost: $28,869,631

IMPACT

  • 32 FTE jobs
  • 123 construction jobs
  • 3,000-5,000 Persons Served Annually at Community Center, and 1,087 Students Served at School

Investor

Project Description

The project consists of the development of a 24,000-square-foot state-of-the-art community center
within the same building as a new K-12 public school in the south Bronx. The community center includes a five-lane swimming pool, dance studios, a green roof learning terrace, multiple classrooms, and a cooking classroom and kitchen.

The community center provides various programs geared primarily toward children and teens but also toward adults and seniors. The school serves about 1,087 students annually at full operation, and the community center serves between 3,000 and 5,000 people per year.

MAP

Address: 74 West 124th Street, New York, NY 10027

Census Tract: 36061020000

PDF Profile

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