The Beacon Center

New Markets Tax Credit Coalition

Washington,
DC
(2016)

The Beacon Center

Community, Housing, Mixed-use, Retail, Supportive Housing

50,000 sq. ft. redevelopment of a church community facility, office and program space, and neighborhood retail.

Investment

NMTC Amount: $7,500,000
Total Project Cost: $9,302,091

IMPACT

45 FTE jobs
32 construction jobs
50,000 sq. ft. of real estate

CDEs

Investor

Wells Fargo

Project Description

50,000 sq. ft. redevelopment of a church community facility, office and program space, and neighborhood retail. The project will deliver 99 housing units, with 91 of the units reserved for low-income tenants making 60 percent or less than the area’s median income. The remaining eight units are permanent supportive housing for the formerly homeless.

MAP

Address: 6100 Georgia Avenue, Northwest, Washington, DC 20011

Census Tract: 11001001804

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