New Markets Tax Credit Coalition

RTH Community Center

Construction of a 28,000 sq. ft. community/recreational center in the Mission Park neighborhood of Boston.

Investment

  • NMTC Amount: $6,130,400
  • Total Project Cost: $10,486,032

IMPACT

  • 5 FTE jobs
  • 75 construction jobs
  • 28,000 sq. ft. of real estate

CDEs

Investor

Project Description

This project involves construction of a 28,000 sq. ft. community/recreational center in the Mission Park neighborhood of Boston. This area is very densely developed, with many high-rise apartment buildings and busy streets, but few areas where children can play and participate in organized activities. The project sponsor operates a thriving, self-governing community of 2,000 residents who occupy affordable housing in five contiguous apartment complexes, and a range of programs for residents, but has little space for youth and afterschool programs. Using MHIC’s New Markets Tax Credit financing, RTH built a new facility housing a gym, wellness facilities, a teaching kitchen, classrooms and other spaces for educational and social service programs and related office space.

MAP

Address: 20A Vining Street, Boston, MA 2115

Census Tract: 25025081001

Other Massachusetts Projects

The NMTC allocation financed Trinity’s rehabilitation of the historic Brockton Enterprise building, transforming the space into a 51,000-sq. ft. commercial building with retail space on the first floor.
The Massachusetts Department of Transitional Assistance - a state agency that provides transitional assistance to low-income families - now occupies three floors of a NMTC financed facility.
Acquisition and renovation of a facility for a PACE (Program of All-Inclusive Care for the Elderly) center with capacity to serve 485 low-income elderly people, enabling these nursing care eligible
Financing for a new YMCA for YMCA of Greater Boston, founded in 1851 as the country’s first Y.