New Markets Tax Credit Coalition

  • Newark,
  • NJ
  • (2019)

Newark Arts Commons

District: LaMonica McIver (D-NJ10)

The new home of nonprofit art organizations and affordable studio space for local makers and artists.

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $23,274,044

IMPACT

  • 28 FTE jobs
  • 70 construction jobs
  • 3,500 low-income children and youths will be served annually by educational programming from GlassRoots

CDEs

Investor

Project Description

The original St. Michael’s Hospital, established by the Franciscan Sisters of the Poor in 1869, iscome the Newark Arts Commons, a center for arts education and creative co-living. It will become the new home of nonprofit art organizations and affordable studio space for local makers and artists.

External Profile

MAP

Address: 306 Martin Luther King Jr. Boulevard, Newark, NJ 7102

Census Tract: 34013022900

Missing information? Submit an update or correction.

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