New Markets Tax Credit Coalition

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York Regional Charter School

In 2014, Community First Fund allocated NMTCs for a 35,000 sq. ft. expansion, allowing enrollment to grow from grades K-3 to K-8 and the creation of more than 80 jobs.

Investment

  • NMTC Amount: $4,850,000
  • Total Project Cost: $14,600,000

IMPACT

  • 80 FTE jobs
  • 371 construction jobs
  • 65,000 sq. ft. of real estate

Investor

Project Description

York Academy Regional Charter School opened in 2011 with students in kindergarten, first and second grades from three area school districts (The School District of the City of York, York Suburban and Central York) with dramatically different socio-economic profiles. In 2014, Community First Fund allocated New Markets Tax Credits for a 35,000 sq. ft. expansion, allowing enrollment to grow from grades K-3 to K-8 and the creation of more than 80 jobs. For students, it meant new classrooms, a new gym and cafeteria, and unlimited opportunity for learning and growth in this high performing charter school located in the heart of downtown York. With 690 students and a waiting list, the school continues to grow. Currently, York Academy is in the midst of constructing a new 65,000 sq. ft. high school that is slated to open by the start of the 2018-19 school year.

MAP

Address: 32 West North Street, York, PA 17401

Census Tract: 42133001600

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