The Family Partnership

New Markets Tax Credit Coalition

Minneapolis,
MN
(2020)

The Family Partnership

Community, Daycare and Early Childhood, FQHCs, Healthcare, Youth and Families

Partial demolition, renovation, and a two-story addition to an existing commercial building.

Investment

NMTC Amount: $11,000,000
Total Project Cost: $22,160,000

IMPACT

61 FTE jobs
45 construction jobs
64 people served annually for hearing, vision and dental screening. 64 kids in preschool, 50 for Mobility Mentoring, 225 in their PRIDE program annually
42,500 sq. ft. of real estate

CDEs

Midwest Minnesota CDC, University Financial Corp.

Investor

Sunrise Bank

Voices from the Community

It’s really an exciting time to be moving here. We hope it will give us more opportunity to serve more people. The challenges for kids and families who are living in poverty are enormous and stressful.

-Molly Greenman, CEO, NMTC-financed Family Partnership, Minneapolis, Minnesota

Project Description

NMTC loan proceeds will be utilized to fund construction and other related costs. The project includes partial demolition, renovation, and a two-story addition to an existing commercial building. Once completed, the building will have approximately 47,000 sq. ft. (4,392 sq. ft. would be allocated to the existing Fairview Clinic). TFP’s space will include classrooms, therapy offices, group and community meeting rooms, training spaces, and offices.

MAP

Address: 1527 East Lake Street, Minneapolis, MN 55407

Census Tract: 27053008500

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