New Markets Tax Credit Coalition

Volunteers of America of Chesapeake Prisoner Re-entry Facility

Financing for a Residential Re-Entry Center to assist returning citizens in making successful transitions back into their communities.

Investment

  • NMTC Amount: $10,656,000
  • Total Project Cost: $11,548,898

IMPACT

  • 30 FTE jobs
  • 50 construction jobs

CDEs

Investor

Project Description

The Residential Re-Entry Center (RRC) assist returning citizens in making successful transitions back into their communities. The program provides services to adult men and women referred by the Federal Bureau of Prisons and US Pretrial Services for reentry services.

MAP

Address: 4900 East Monument Street, Baltimore, MD 21205

Census Tract: 24510260404

Other Maryland Projects

Salvaging and adaptively reusing the existing East Market Building, reopening Lexington Street for pedestrians, and building a new 63,000 square foot market building on the south parking lot that is
NMTC financing helped Cheseapeak Habitat for Humanity build 59 affordable, for sale homes in Annapolis.
Ronald McDonald House Charities of Baltimore is constructing a new 6-story, 60,000 sq. ft. building in the Jonestown urban renewal area of Baltimore.
Purchase of an oyster aquaculture business by a nonprofit to form an oyster farming apprenticeship program.