Dallas, TX (2014)

Vogel Alcove

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

Investor

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

1738 Gano Street, Dallas, TX 75215

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