New Markets Tax Credit Coalition

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Paul Quinn College Dormitory and Gym

Dormitory and gymnasium/community space for a historically black college

Investment

  • NMTC Amount: $16,500,000
  • Total Project Cost: $17,393,493

IMPACT

  • 142 FTE jobs
  • 185 construction jobs
  • 50,000 sq. ft. of real estate

Investor

Project Description

Paul Quinn College (PQC) is located in a severely distressed area of Dallas, TX. The funds were used to construct a 50,000 sq. ft. dormitory and gymnasium/community space. The dormitory totals 30,000 sq. ft. and is an adaptive development of a 60-year old building currently owned by PQC. The dorm contains 34 student suites that will provide housing for 134 students. Directly adjacent to the dormitory is a 20,000 sq. ft. community facility that contains a gymnasium, office space, and meeting rooms to be used by both the local community and student population.

MAP

Address: 3837 Simpson Stuart Road, Dallas, TX 75241

Census Tract: 48113011401

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