New Markets Tax Credit Coalition

St. Vincent de Paul

The build out of a 25,500 sq ft community facility that quadruples the existing direct client serving space.

Investment

  • NMTC Amount: $7,500,000
  • Total Project Cost: $7,700,000

IMPACT

  • 34 FTE jobs
  • 17 construction jobs
  • The food pantry will serve 5,000 people annually

Investor

Project Description

The build out of a 25,500 sq ft community facility that quadruples the existing direct client serving space. Balance of space (24,500)will be leased to 3rd party tenants to diversify revenue streams and provide room for future expansion if needed. “Our Home Visit is the heart of what we do at St. Vincent de Paul Georgia. These person-to-person visits from caseworkers located throughout the state in our 72 Conferences are what make us unique and distinguishes us from other social service agencies.

Each year, approximately 120,000 Georgians call SVdP on a dedicated assistance helpline. Calls are routed to one of our 72 local groups called conferences. These conferences are staffed by over 3,000 volunteers who work together to provide hope and help to people in need in their community. Conference helpline workers return these calls to obtain some initial information and set a convenient appointment time for a Home Visit. People who need help often are not able to take time off from work, arrange for child care, or find transportation to seek resources. With a box of food in hand and compassion in their hearts, two of our trained volunteer caseworkers, known as Vincentians, go to them ready to provide assistance and resources to help them through a challenging time.”

MAP

Address: 2050 Chamblee Tucker Road, Atlanta, GA 30341

Census Tract: 13089021204

Other Georgia Projects

The NMTC financed the construction of Restoration House, a 45,330 sq. ft. low-barrier shelter for homeless women and children.
Trident Seafoods established an East Coast fish processing and distribution facility, which was otherwise cost prohibitive without the NMTC financing.
In 2017, a $6,500,000 NMTC transaction financed the first phase of development of a business incubator for small businesses in the Pittsburgh neighborhood of Atlanta.
The Local Initiatives Support Corporation, in partnership with Chase, provided $14.25 million in NMTCs to Southeast Georgia Health System’s Community Care Center.