Northside Community Hub

Investment

  • NMTC Amount: $42,040,000
  • Total Project Cost: $71,743,778

IMPACT

  • 141 FTE jobs
  • 320 construction jobs
  • 97 jobs created and 44 jobs retained.
  • 209,466 sq. ft. of real estate

Investor

Project Description

Led by the development team of CompCap Partners and the Works, the Northside Community Hub project will breathe new life into a high school building, shuttered since 2016. Once completed, the $78 million project will repurpose the building with 42 affordable housing units, a gymnasium, a performing arts center, a workforce training center and a coffee house. HOPE invested $7 million into the project with its NMTC allocation. At the press conference, HOPE Senior Vice President & Commercial Credit Officer Danielle Ware shared, “It is important that we take this moment to recognize that NMTC investments should be directed towards projects that make the most difference in people’s lives. This is what HOPE has always done with its NMTC allocations and that is certainly the case with Northside Square.”

MAP

Address: 1212 Vollintine Avenue, Memphis, TN 38107

Census Tract: 47157011200

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