Philadelphia Youth Basketball

New Markets Tax Credit Coalition

Philadelphia,
PA
(2022)

Philadelphia Youth Basketball

Healthcare, Recreation

Investment

NMTC Amount: $20,000,000
Total Project Cost: $26,429,281

IMPACT

75 FTE jobs
210 construction jobs
104,754 sq. ft. of real estate

CDEs

PIDC Community Capital, PNC, The Reinvestment Fund

Investor

PNC

Project Description

Acquisition, renovation and equipping of former industrial building to create new 95,000 sq. ft. youth basketball facility with related services and programs. The facility’s programs are anticipated to serve 6,000 young people each year. The project expects permanent full-time jobs to increase from 11 to 25 and permanent part time jobs to increase from 39 to 75 along with 50 temporary construction jobs, with all jobs, both full and part time, to pay a living wage.

MAP

Address: 4250 Wissahickon Avenue, Philadelphia, PA 19129

Census Tract: 42101020500

Other Pennsylvania Projects

Logos Academy and LogoWorks

York,
PA
(2022)

Vocational Training, Youth and Families

CDE(s): United Fund Advisors

The renovation of a former car dealership and construction of a new multipurpose facility at a site located across the street from the existing Logos facility.