The NMTC supported the redevelopment of an entire block – a blighted area in downtown Concord called the “Sanel Block,” on South Main Street. The location of the project is particularly strategic for economic development as it is directly across the street from the Capitol Center for the Arts, the state’s largest performing arts center. Due to age and structural weaknesses of the buildings that had occupied the site, rehabilitation was not possible so the developer built a new 5-story office building, with 76,250 sq. ft. of space. The new building provides new, LEED-certified office space for Concord Hospital, which helps to free up space on its severely constrained campus for necessary clinical practices that serve the community. The League of New Hampshire Craftsman also occupies space in the building. This development, to be called “The Duprey Center,” was made possible with $9.2 million in New Markets Tax Credit financing provided by MHIC with US Bank CDC as the sole investor. It is also notable that this redevelopment made possible a second phase of development that was undertaken by a local affordable housing organization to create a new low-income housing tax credit supported apartment project for approximately 45 low- and moderate-income citizens.
New Orleans, LA | 2nd District
New Orleans Center for Creative Arts is a regional, pre-professional arts training center that offers students intensive instruction in…