Waterfront Rescue Mission

New Markets Tax Credit Coalition

Mobile,
AL
(2017)

Waterfront Rescue Mission

Adult Education, Behavioral Health, College or Vocational Training, Community, Healthcare, Shelters and Community Food

NMTC financing for the Waterfront Rescue Mission, a major expansion project.

Investment

NMTC Amount: $7,760,000
Total Project Cost: $7,814,875

IMPACT

65 FTE jobs
72 construction jobs
Doubled bed capacity from 62 to 120.

CDEs

Southern Community Capital

Investor

Trustmark

Project Description

With a $7.5 million investment from SCC, the Waterfront Rescue Mission undertook a major expansion project. The Mission is a provider of housing and social services for the homeless. The new facility almost doubled bed capacity from 62 to 120 and greatly increased access to job training, healthcare, and educational programs for over 3,000 low-income people annually.

MAP

Address: 400 St. Louis St, Mobile, AL 36602

Census Tract: 1097000200

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