New Markets Tax Credit Coalition

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Ronald McDonald House of Philadelphia

A 93,000 sq. ft. expansion to Ronald McDonald's hiladelphia facilities, more than doubling the sq. footage of PRMH's existing 72,000 sq. ft. facility, for a total of more than 165,000 sq. ft. upon completion

Investment

  • NMTC Amount: $14,390,000
  • Total Project Cost: $15,151,286

IMPACT

  • 31 FTE jobs
  • 388 construction jobs
  • Increase of 5,931 room nights available to low-income families per year
  • 93,000 sq. ft. of real estate

Investor

Project Description

Philadelphia’s Ronald McDonald House (PRMH), as a part of the worldwide network of Ronald McDonald Houses, provides temporary residence to families with children suffering from serious and life threatening illnesses. PRMH sought a 93,000 sq. ft. expansion to its Philadelphia facilities, more than doubling the sq. ft. of PRMH’s existing 72,000 sq. ft. facility, for a total of more than 165,000 sq. ft. upon completion. The larger facility allows PRMH to increase the capacity to 111 bedrooms, enabling PRMH to more than double the number of families served at the facility with overnight stay services.

MAP

Address: 3717 Chestnut Street, Philadelphia, PA 19104

Census Tract: 42101008801

PDF Profile

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