Sheltering Arms Atlanta

New Markets Tax Credit Coalition

Atlanta,
GA
(2016)

Sheltering Arms Atlanta

Community, Daycare and Early Childhood, Shelters and Community Food, Youth and Families

Sheltering Arms, an Atlanta-based nonprofit agency that provides early childhood education, has opened a 27,000-sq. ft. center at the Barack and Michelle Obama Academy.

Investment

NMTC Amount: $9,300,000
Total Project Cost: $10,125,929

IMPACT

52 FTE jobs
150 construction jobs
27,000 sq. ft. of real estate

CDEs

Atlanta Emerging Markets, Bank of America

Investor

Bank of America

Voices from the Community

The NMTC means financing to support job creators and service providers in our toughest neighborhoods. It’s a chance for the private sector to invest in communities through a proven structure to get impressive results.

-Dale Royal, Executive Director, Local Initiatives Support Corporation, Atlanta, Georgia

Project Description

Sheltering Arms, an Atlanta-based nonprofit agency that provides early childhood education, has opened a 27,000 sq. ft. center at the Barack and Michelle Obama Academy (formerly D.H. Stanton Elementary School) in Peoplestown after raising $8.4 million from the NMTC.

MAP

Address: 970 Main Stree, Atlanta, GA 30315

Census Tract: 13121005501

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Atlanta,
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Community, Daycare and Early Childhood, Shelters and Community Food, Youth and Families

CDE(s): Atlanta Emerging Markets, Bank of America

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