New Markets Tax Credit Coalition

Regent Park Scholars Academy

Financing for a school designed to eliminate the achievement gap and provide quality public school choice for local families.

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $8,000,000

IMPACT

  • 45 FTE jobs
  • 60 construction jobs

Investor

Project Description

Financing for Regent Park Scholars Academy. The school, which at its peak enrollment can accommodate up to 500 students in grades K-5, is designed to eliminate the achievement gap and provide quality public school choice for local families. It is operated by the National Heritage Association, which operates more than 70 charter schools across 7 states, including 31 schools in Michigan.

MAP

Address: 15865 East 7 Mile Road, Detroit, MI 48205

Census Tract: 26163500300

Other Michigan Projects

Construction of a new 23,900 sq. ft. mixed-use, mixed-income building in downtown Sturgis.
This project is for a mixed-use building featuring an indoor farmer's market, mixed-income housing, and retail spaces targeted to independent local businesses.
MyLocker. Com LLC has completed a $15 million, 120,000-square-foot expansion in Detroit's Corktown and is looking to immediately hire 200 employees to handle demand for its custom clothes and products
The rehabilitation of an existing two-story building that currently houses the Allen Neighborhood Center into a three-story mixed-use development in the City of Lansing.