Bronx, NY (2011)

Robin Hood – KIPP NYC College Prep

Investment

NMTC Amount: 75,670,000

Total Project Cost: 103,362,163

IMPACT

90 FTE jobs

245 construction jobs

A public college prep program finds a permanent home and a better education for 1,000 students in the Bronx.

Project Description

Knowledge is Power Program (KIPP) is a national network of college preparatory public charter schools. These open-enrollment schools have proven to allow low-income community students to excel academically and later enjoy success in college and in life. KIPP NYC College Prep lacked a home and had been forced to move twice in two years.

Fortunately, the Robin Hood Foundation partnered with the New York City Department of Education to develop facilities for three high-performing charter school networks in New York City. KIPP NYC College Prep was the second school to benefit from this unique partnership, finding a permanent home in a new campus in the Bronx. The 132,500 sq. ft. facility was a new, public college preparatory that will annually accommodate 1,000 students in grades 9 through 12.

A total of $76.5 million in NMTC financing helped provide the school substantial savings through below market rent, allowing KIPP NYC to continue providing its students with a comprehensive college prep experience.

The facility includes three science labs, two science “flex” rooms, a technology lab, music studio, art studio, dance studio and 35 classrooms. The students, 80% come from low-income communities, now benefit from a rigorous academic curriculum.

The project was LEED certified and it created approximately 245 construction jobs and 90 permanent faculty and staff jobs as the school reaches capacity. KIPP NYC College Prep, which opened in the Fall of 2013, now has the solid foundation to succeed in its mission to help close the achievement gap in New York City.

MAP

201 East 144th Avenue, Bronx, NY 10451

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