New Markets Tax Credit Coalition

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Sendero Verde

Investment

  • NMTC Amount: $18,000,000
  • Total Project Cost: $223,000,000

IMPACT

  • 578 FTE jobs
  • 1,115 construction jobs

CDEs

Investor

Project Description

The $18 million NMTC financing support from JPMorgan Chase is helping redevelop vacant city-owned land in East Harlem into a mixed-use development that will include 700 units of affordable housing and an elementary school operated by Harlem Children’s Zone (HCZ), which will provide high-quality, standards-based academic programs for students.

Both students and their families will also have access to HCZ’s comprehensive network of supports, including counseling, benefits assistance and other social services.

MAP

Address: 60 East 112th Street, New York, NY 10029

Census Tract: 36061017402

Other New York Projects

NMTC financing supported a hub for education, training, and community health center on Buffalo’s West Side.

Restaurant Wholesale Supplier: South Bronx developer Steven Smith has taken a bankrupt 28-acre illegal garbage dump and transformed it into a fresh food distribution hub with the potential to bring

A public college prep program finds a permanent home and a better education for 1,000 students in the Bronx.
NMTC financing for the construction of a new 52,073 sq. ft., four-story health center located at 510 Beach 20th Street in Far Rockaway, NY.