New Markets Tax Credit Coalition

Search

Waterfront Rescue Mission

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.

Investor

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

Other Alabama Projects

NMTCs Put Major Construction at Iconic Alabama College over the Top

UB Community Development, LLC (UBCD), a community development partner of United Bank, provided $7.5 million in New Markets Tax Credit funds for Dadeville Pole Company, LLC (DPC) to construct a

A new transitional housing facility combines workforce development, meals, and other educational programs.
Alabama Aircraft Support, since renamed Arista Aviation, constructed a new 60,000 square foot hanger outfitted with the latest equipment and technology necessary to provide Maintenance Repair and Overhaul services for