New Markets Tax Credit Coalition

Search

Rosa Parks Elementary School

Investment

  • NMTC Amount: $13,218,292
  • Total Project Cost: $15,425,462

IMPACT

  • 59 FTE jobs
  • 37 construction jobs
  • 55,792 sq. ft. of real estate

Investor

Project Description

Rosa Parks Elementary, a public school project, consists of a newly constructed 55,792 sq. ft. building for use as an elementary school for grades kindergarten through five in the city of Portland, Oregon. The school building is part of the New Columbia HOPE VI project, a redevelopment of the former Columbia Villa, which was the state’s largest public housing development. It is anticipated that all of the children attending the school will live in the New Columbia HOPE VI area, and many will come from low- and moderate-income households. The total school enrollment is expected to reach 660 students and a subsequent 11,000 sq. ft. addition is planned to accommodate a Boys and Girls Club.

MAP

Address: 8960 North Woolsey Avenue, Portland, OR 97203

Census Tract: 41051003901

Other Oregon Projects

The project supports the construction of a new 2-story, 36,000 sq. ft. medical and dental clinic that will replace an existing facility that is only 10,000 sq. ft.
The La Plaza Esperanza project, is the new construction of an 18,000 sq. ft. community center. The project is located in the poorest area of Multnomah County, the Rockwood neighborhood.
A Head Start program serving over 1,000 children receives NMTC financing to improve their overall financial sustainability including working capital.

The tools and training programs of the Chemeketa Center for Business & Industry help create success in employees, managers and organizations. The services of CCBI range from online classes to