Vogel Alcove

Dallas,
TX
(2014)

Vogel Alcove

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

Financing for a provider of a broad array of therapeutic services for children who are experiencing homelessness in the Dallas area.

Investment

NMTC Amount: $5,880,000
Total Project Cost: $5,880,000

IMPACT

6 FTE jobs
55,000 sq. ft. of real estate

CDEs

Dallas Development Fund

Investor

Chase

Project Description

Vogel Alcove provides a broad array of therapeutic services for children who are experiencing homelessness in the Dallas area. Vogel Alcove’s previous facility at 1100 South Akard served 115 homeless children daily with a waitlist of over 40 children.

NMTC financing supported a new facility, allowing the organization to increase its capacity to meet the needs of homeless families. The project consisted a build out of approximately 55,000 sq. ft. of space leased from the Dallas Independent School District in the site of the former City Park Elementary School, as well as a portion of Sponsor’s operating expenditures made within the first 12 months after NMTC closing. The build out included 3 infant classrooms, 5 toddler classrooms, and 4 preschool classroom, as well as a significant expansion to the space dedicated to family support.

By financing operating expenditures, Dallas Development Fund allowed Vogel to more quickly and increase the expansion of its operations

MAP

Address: 1738 Gano Street, Dallas, TX 75215

Census Tract: 48113020400

Other Texas Projects

North Texas Food Bank

Planno,
TX
(2017)

Community, Shelters and Community Food

CDE(s): Pacesetter CDE, Texas Mezzanine Fund

The North Texas Food Bank addresses the critical issue of hunger by providing food-insecure North Texans with edible surplus food and grocery items otherwise destined for landfills.

Houston Meat Distributors, Inc.

Pasadena,
TX
(2022)

Business Development, Food Manufacturing, Manufacturing, Retail

CDE(s): Five Points Capital

The relocation and expansion of Houston Meat Distributors, Inc. into their new headquarters, which includes a new, state-of-the-art, cold storage facility

Children’s Health Specialty Center Dallas Campus

Dallas,
TX
(2013)

Community, Healthcare, Hospitals and Emergency Services

CDE(s): Hampton Roads Ventures

NMTC financing supported the Children's Medical Center of Dallas, TX.

Old Parkland Hospital Campus Phase 2

Dallas,
TX
(2010)

Community, Historic Rehabilitation, Mixed-use

CDE(s): Bank of America

NMTC financing supported renovation of vacant hospital campus into boutique office space, dinning hall and coffee shop. Details: The Old Parkland lands stood vacant for years at Maple and Oak