New Markets Tax Credit Coalition

Para La Naturaleza

Financing to support program expansion and renewable energy improvements to visitor and nonprofit-run community centers that provide areas with reliable and sustainable forms of electricity and water.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 5 FTE jobs

Investor

Project Description

Investor: Capital One, N. A. Para la Naturaleza (PLN) is a leader in environmental conservation and historic preservation in the islands of Puerto Rico. The Project sought to utilize NMTCs to support program expansion and renewable energy improvements to visitor and nonprofit-run community centers that provide areas with reliable and sustainable forms of electricity and water. PLN was also able to form Hábitat, a ecological and community recovery program that integrates habitat reforestation, endemic and native species education, volunteerism, support to agro-ecological farmers, ecotourism activities and employment, and citizen science to analyze and document ecological advancements.

MAP

Address: 155 Calle de Tetuan, San Juan, PR 901

Census Tract: 72127000506

Other Puerto Rico Projects

Construction of a landfill recycled and renewable natural gas and carbon dioxide facility.
New multi-functional facility houses Puerto Rico’s first charter school in one of the island’s most economically underserved and isolated communities
Financing to support program expansion and renewable energy improvements to visitor and nonprofit-run community centers that provide areas with reliable and sustainable forms of electricity and water.
Financing for several locations of the Boys and Girls Club of Puerto Rico, providing after school programs and services to children and youth ages 6 to 18.