KIPP NYC College Prep High School
A public college prep finds a permanent home and a better education for 1,000 students in the Bronx
Knowledge is Power Program (KIPP) is a national network of college preparatory public charter schools. These open-enrollment schools have proven to allow low-income community students to excel academically and later enjoy success in college and in life.
KIPP NYC College Prep currently lacks a home and has been forced to move twice in two years. Fortunately, the Robin Hood Foundation has partnered with the New York City Department of Education to develop facilities for three high-performing charter school networks in New York City. KIPP NYC College Prep will be the second school to benefit from this unique partnership, finding a permanent home in a new campus in the Bronx. The 132,500 square foot facility will be a new, public college preparatory that will annually accommodate 1,000 students in grades 9 through 12.
A total of $76.5 million in NMTC financing will help provide the school substantial savings through below market rent, allowing KIPP NYC to continue providing its students with a comprehensive college prep experience. The facility will include three science labs, two science "flex" rooms, a technology lab, music studio, art studio, dance studio and 35 classrooms. The students, 80% of whom are expected to come from low-income communities, will benefit from a rigorous academic curriculum.
The project will be LEED certified and is expected to create approximately 245 construction jobs and 90 permanent faculty and staff jobs as the school reaches capacity. Slated to open in the Fall term of 2013, KIPP NYC College Prep will have the solid foundation to succeed in its mission to help close the achievement gap in New York City.
Affordable housing for South Williamsburg and a source of healthy, fresh food for area residents
The Residences at 11 Broadway is a mixed-use project being developed by L+M Development Partners and the Goldman Sachs Urban Investment Group in the South Williamsburg area of Brooklyn. The project consists of 160 for-rent residential units and approximately 35,000 square feet of commercial space and parking.
The commercial space includes 23,000 square feet of space for a grocery store tenant that will offer fresh food to the local community—currently lacking a supermarket due to high land and development costs. The grocery tenant will support the New York City Economic Development Corporation's supermarket initiative, known as Food Retail Expansion to Support Health (FRESH). An additional 3,900 square feet of ground floor space will be made available to a local restaurateur and community-based retailers.
The residential component of the project will be funded by the New York City Housing Development Corporation utilizing Low-Income Housing Tax Credits. A percentage of the rental units will be offered at below-market rates to qualifying low-income community residents.
The commercial component will be separately funded using $53.3 million in NMTC allocation and tax credit equity investments. The project is anticipated to create 113 construction jobs and 44 permanent jobs. It will also develop a blighted area, remediate petroleum contamination on the site, and serve as an anchor project for the Greenpoint Williamsburg Waterfront District.
Charitable organization helping Portland's homeless and struggling triples its size in a new green building
Blanchet House (Blanchet) is a non-profit social services provider that has helped Portland's homeless and working poor since 1952. Serving the inner Northwest, or "Old Town" area of the city. Blanchet provides meals, housing, and jobs to those often recovering from drug and alcohol dependency in an area traditionally home to the disenfranchised.
The organization also operates Riley House, which lodges program graduates and houses administrative offices, as well as the Blanchet Farm in Carlton, OR, which provides 30 residents the opportunity to work towards supplying Blanchet's main facility with fresh meat, eggs, and produce. Blanchet has always operated entirely on private donations without any government assistance. Local grocers, producers, and restaurants provide most of the food that allows them to serve 700-900 free meals per day to those in need.
The charity's existing 100-year-old facility is deteriorating, and limits the residential program to 28 beds. After working with city and neighborhood organizations to find a new location, Blanchet completed a land swap with the Portland Development Commission that has provided the site for a new Blanchet House. $13 million in NMTC allocation, tax credit equity from U.S. Bank and grants from the Portland Housing Bureau and the City of Portland's Green Investment Fund will facilitate construction of a new, LEED Gold building. Located adjacent to the existing facility, the new building will triple Blanchet's space, increasing the residential capacity from 28 to 60, doubling the dining hall size, and adding space for job-training resources.
The project will provide numerous direct benefits to the community. 150 construction jobs will be created and two permanent administrative positions will be maintained. The project will also allow the number of compensated volunteer positions to increase from 28 to 60. The highly efficient building will use up to 66% less energy, resulting in cost savings that will maintain Blanchet's current utility budget in a significantly larger space. An expanded waiting area will allow the mealtime queue to form indoors, protected from the elements and away from the public sidewalk. The new Blanchet House will be equipped to greatly expand upon a 60-year tradition of helping Portland's most vulnerable and needy population.
Farwest Steel Corporation
NW steel manufacturer consolidates in Vancouver and creates much-needed industry jobs
Farwest Steel Corporation (Farwest) is a leading processor, fabricator, and distributor of carbon steel products in the Western United States. The company has been looking to increase its steel fabrication services and consolidate some of its other operational locations into a new, centralized facility.
Farwest has found willing partners in the City of Vancouver, WA, the Port of Vancouver, and Specht Development, Inc. (Specht). Vancouver has embarked on a redevelopment of its western industrial area and industrial property owned by the Port. Known as the Fruit Valley Area Plan, this revitalization will incorporate several large-scale industrial projects aimed at increasing business development and creating new jobs.
Specht will oversee development of a new, 364,687 square foot plant for Farwest, allowing the addition of a cut-to-length steel coil processing line to provide flat steel stock for distribution and custom fabrication. Because the project will serve as a lynchpin for Vancouver's efforts, the Port will undertake $400,000 of infrastructure improvements to the site, and the City will provide tax incentives to effectively lower the construction cost by 8%.
The Farwest project will create significant impact for the surrounding region, generating approximately 300 construction jobs, maintaining 100 existing jobs, and creating 128 new, permanent steel industry jobs. In addition to closing the financing gap, the use of $48 million of NMTCs will encourage Farwest to provide valuable benefits to the community. The company will target hiring of residents from low-income communities and/or low-income persons. Farwest will also collaborate with Clark County College to develop a curriculum in steel industry vocational training in order to provide students with sought-after skills. The project will also serve as a catalyst, attracting more industrial businesses to Vancouver's Fruit Valley area and creating additional shipping and freight commerce and much-needed manufacturing and transportation jobs.
Mattapan Community Health Center
A much-needed, new community health facility for Boston's Mattapan neighborhood
Founded in 1972, Mattapan Community Health Center (MCHC) is a private, not-for-profit organization that provides high quality medical and health education services to the residents of the City of Boston, particularly for the low-income, medically-underserved populations of Mattapan, Roxbury, Dorchester, and Hyde Park.
The long-awaited health center will replace MCHC's aging facility, more than doubling the space of the center by adding new exam rooms, dental stations, and space for mammography and behavioral health services. MCHC currently serves over 7,000 patients annually.
The new four-story, 58,781 square foot development will also include 16,217 square feet of retail space to accommodate a bank branch and a new pharmacy, the only one in the immediate neighborhood.
The project is expected to create at least 200 construction jobs and approximately 133 permanent new jobs for medical personnel, pharmacy employees, and banking staff. The development will also seek LEED Gold certification for green building practices and revitalize a blighted, vacant site.
Museum for African Art
African art museum finds a permanent location on New York City's "Museum Mile"
The Museum for African Art has been increasing public understanding and appreciation of African arts and culture since 1984. The Museum is well known for its travelling exhibitions, public education programs, and unique store that offers authentic hand-made African crafts.
After years of nomadic travel from one rented space to another, the Museum will realize a long-held dream of creating a permanent and appropriate home for the museum collection, which is currently warehoused in Long Island City.
The Museum's relocation efforts have garnered widespread support in its capital campaign and from New York State and New York City capital grant programs.
The 75,000 SF facility will include gallery space featuring both traditional and contemporary African art, a library, a restaurant, a gift shop, two classrooms, and an African Discovery Hall. The development will also include 116 market-rate condominium units above the museum.
As well being the first addition to Museum Mile in 50 years, the project is targeting LEED Gold certification from the US Green Building Council for its sustainable design features. It is anticipated that this new and vibrant community space will link Museum Mile with Harlem's African, African-American and Latino communities and create numerous, new educational opportunities for residents of New York City and visitors.
State-of-the-art facility will double capacity for school educating underserved children
Waterside School was founded in 2001 by former Greenwich Capital partner, Konrad Kruger. The goal was to create a rigorous academic program and formative experience for bright students from financially challenged famililies in Stamford, CT.
The school currently has 100 K-5 students, 87% of which are Hispanic or African-American. The median income for the school families is $39,500, with 25% of them earning less than $25,000 per year, as compared to the area median family income of over $100,000. About 95% of the students at Waterside receive scholarship funding, with nearly 80% attending on full scholarships that require some tuition to be paid on a sliding scale. The curriculum promotes the full development of each child's character, preparing the students to access superior academic opportunities in secondary and college education.
The school has seen outstanding achievement among its students, even while operating out of cramped, disjointed space for a number of years. All the while, the school had been looking to expand into a larger, better-equipped facility. NMTC financing will allow Waterside to build a new 37,000 square foot school building—complete with a dining hall, art studio, science lab, gymnasium and technologically advanced classrooms. More importantly, the additional capacity will allow the school to double its enrollment over the course of the next few years.
The project also creates approximately 87 construction jobs, maintains the existing faculty and administrative staff, and provides for the addition of 10 new, permanent positions as the school reaches capacity. The new LEED Silver structure will contribute to the efforts to redevelop Stamford's Harbor Point, an 80-acre waterfront Brownfield parcel that will become a LEED Gold neighborhood.
Warehouse space on a Lower East Side pier becomes a new athletic facility and public waterfront esplanade
The Basketball City project converts 63,000 square feet of warehouse space on Pier 36 in Manhattan's Lower East Side into a basketball-focused recreational facility. In addition to to providing youth camps, clinics, and tournaments, the location will serve as home court for 28 New York City Public School Athletic League basketball teams.
The facility itself will contain seven basketball courts, locker rooms and a special events area. Sustainable design components such as solar panels, composite wooden floors and energy-efficient lighting and insulation will be incorporated in the renovation of the existing space.
The site will also a feature a waterfront esplanade open to the public, extensive landscaping, and space for parking. The project will be an integral piece of New York City's East River Waterfront Esplanade Project.
As part of the NMTC financing agreement between UFA and Basketball City, the 50 expected full-time positions created by the project will be filled by eligible low-income residents of the area sourced through a community board.
A community hub in Bedford Stuyvesant is renovated to add more services, businesses and improvements
Restoration Plaza, located in the Bedford Stuyvesant neighborhood of Central Brooklyn, has served as town square and major destination for education, commerce and culture for many years. It is home to the Billie Holiday Theatre, Skylight Gallery, Youth Arts Academy and an extension campus of the College of New Rochelle. It also provides essential services to the community including a supermarket, post office, pharmacy, restaurant and several banks.
Bedford Stuyvesant Restoration Corporation (BSRC), the nonprofit developer of the plaza, has undertaken a multi-phased capital improvement plan that will allow for the addition of community and educational programs, expanded retail and office space, and significant exterior plaza renovation.
The project will develop or rehabilitate 25,900 square feet of office space, 7,100 square feet of retail space and 10,000 square feet of space for community revitilization programs. Renovations to the outdoor West Plaza will allow for a more open, pedestrian-friendly design, making it a destination venue for events accomodating up to 600 people.
BSRC was founded through the efforts of Senator Robert Kennedy in 1967, and has been serving Central Brooklyn for more than 35 years as a leader in community development. The expansion and improvement of Restoration Plaza will allow BSRC to better help in transforming and educating its surrounding community.
Orchestra of St. Luke's
New York's classical music community gets a new, state-of-the-art rehearsal and recording space
Established in 1974, The Orchestra of St. Luke's (OSL) has a long tradition of supporting classical music education, performance, and artistry in New York City. The DiMenna Center for Classical Music will now provide a creative home for OSL as well as many other New York music organizations.
The center occupies half of a six-story building on Manhattan's west side and includes a chamber orchestra rehearsal hall, rehearsal rooms, an education center, recording room, music library, cafe, and lounge.
The rehearsal center is serving NYC's freelance musical community, local orchestras, choruses, visiting orchestras and chamber music groups. A great benefit of the project will be its ability to act as an arts education center serving thousands of NYC schoolchildren.
The building is targeting a LEED Gold certification for sustainable building practices and is fully accessible to the public. In addition to providing the local Clinton/Hell's Kitchen communtities with exposure to classical music through open rehearsals and free concerts, the center is also available for selected community organizations when not in use.
Michiana Public Broadcasting
The Michiana region gets a new headquarters for public television in South Bend
Organized in 1968, Michiana Public Broadcasting (Michiana) is an Indiana not-for-profit organization created to own a public broadcasting station license for northwest Indiana and southwest Michigan. Michiana has been broadcasting as PBS-affiliate WNIT in the area since 1974.
The station had outgrown it's former site, and in 2008 acquired a 40,000 square foot facility in downtown South Bend that was formerly occupied by a CBS affiliate. Construction began on renovations, but the station struggled to adequately continue operations with the added development costs.
Michiana required New Markets financing in order to reduce its debt load, freeing cash flow and fundraising to support operations and programming. Improvements to the studio were completed, including a new main entrance and foyer, new windows, roof and interior improvements, and two Jumbotron screens creating visual displays for the surrounding area.
The project created approximately 86 construction jobs and has maintained 24 permanent positions with the building tenants. Michiana shares the 8,800 square foot studio and tech space with Ivy Tech, a studio production vocational school. The renovated building also includes 3,900 square feet of space available for community use.
Coastal Energy Project
A six megawatt wind farm in Washington generates revenues for a non-profit social services provider
Coastal Community Action Program (CCAP) is a non-profit social services group serving low-income communities in Grays Harbor and Pacific Counties in southwest Washigton. The organization has been working since 2000 to develop a renewable energy production model to help fund its efforts in subsidizing energy costs for the area's low-income residents.
After nearly 10 years, these efforts came to fruition with the expanded vision of the Coastal Energy Project, a six megawatt wind farm located on a rural site within the group's service area. The clean energy generated by the project will be sold directly to the public utility district, and the electricity revenue will provide a long-term reliable funding source for CCAP's many needed programs, including a Low Income Home Energy Assistance Program.
The project utilizes both New Markets Tax Credits and Renewable Energy Investment Tax Credits in its financing structure, and creates a model for using clean energy production to fund non-profit social service organizations that can be duplicated elsewhere in the country.
The four turbines will produce an estimated 13,500,000 kWh of clean energy annually, providing upwards of $500,000 a year in additional funding for Coastal Community Action Program.
Harrison Circle at Morris Heights Health Center
A non-profit healthcare provider expands services with medical offices, pharmacy and senior housing
Morris Heights Health Center (MHHC), the major provider of health care to Morris Heights and the surrounding areas of Bronx, NY, purchased expansion property across the street from its main facility in 2004. The non-profit organization was compelled to increase capacity, provide new healthcare services in the local community, and address the issue of inadequate housing for the area's elderly population.
This new addition, Harrison Circle, will include 30,000 square feet of new medical office space and a 9,000 square foot pharmacy, as well as 70 units of low-income housing for seniors and additional parking space. The facility will include orthopedic, behavioral health and diagnostic imaging services not previously offered, to an estimated 30,000 additional Bronx residents annually.
The developer is incorporating sustainable design elements in the medical office portion of the building, targeting a LEED Silver certification from the U.S. Green Building Council. MHHC will also partner with the local community in efforts to create a Business Inprovement District in the immediate area, and participate in future municipal planning efforts.
MHHC has served the Morris Heights community with distinction since 1981—Harrison Circle will offer more comprehensive care, allowing the surrounding community to remain within the MHHC system for their primary and specialty care needs.
ST Paper - Oconto Falls Tissue Mill
A struggling tissue mill gets a new lease on life, and the community's largest employer stays in business
The Oconto Falls tissue mill was established in Oconto Falls, Wisconsin 100 years ago. The mill can produce 170 tons of recycled fiber daily, and has two tissue machines, two boilers, and a waste water treatment facility.
The mill is also the largest employer within the community, and in addition to providing jobs, indirectly supports a significant portion of the local economy. The mill was purchased by the ST Paper company in 2007, who now owns and operates the business. ST Paper has spent $20 million since the acquisition on equipment upgrades, extending the life of the facility by 50 years.
Despite the improvements to productivity, the company's operations still suffered under the strains of an onerous credit agreement. A broad coalition of CDEs was formed to provide sufficient New Markets allocation and tax credit equity investments to help ST Paper refinance, avoiding a potential closure of the mill.
The successful refinancing of ST Paper's acquisition debt has allowed the company to beome more competitive and capitalize on the strategic location of the mill in relation to the industry's supply chain. More importantly, it has preserved the economy of Oconto Falls by maintaining 87 mill jobs and an estimated 251 indirect and induced jobs in the community.
The Roshek Building Redevelopment
A long underutilized historical building is rehabilitated to become an IBM regional service headquarters
Dubuque, Iowa, a city of 60,000 once had a thriving economy that declined significantly in the latter half of the 20th century as its milling and manufacturing industries withered. In response, a broad coalition of municipal and civic organizations developed a comprehensive revitalization plan targeting technical jobs.
The Roshek Building, long underutilized, is located in the heart of Dubuque's distressed downtown business district and will house an IBM corporation regional service center headquarters. This project is bringing a historic building back to life and brings 1,300 well-paying technical and support jobs to the city of Dubuque. 10,000 SF of ground floor commercial space are providing retail and service jobs.
The project developer, Dubuque Initiatives, offers rents at 100% below-market to prospective business tenants that provide community services such as health, education, neighborhood and community development, and arts and culture. IBM has partnered with Dubuque Initiatives in commiting the use of 10 percent of the net New Markets Tax Credit benefit to fund a Sustainability Endowment, which is managed by a local non-profit and provides sustainability-oriented job training opportunities for the surrounding low-income community.
The City of Dubuque has been honored with the 2009 Economic Development Administration's Excellence in Economic Development in Historic Preservation-led Strategies award for the redevelopment of the historic Roshek building.
Brooklyn Scholars Charter School
A vacant school property in east New York is reborn as a newly refurbished K-8 charter school
The Brooklyn Scholars Charter School project brings a new K-8 charter school to an economically disadvantaged area of east New York. In Public School District #19, where the school is located, 41% of students are below proficiency in math and 60% are below proficiency in English language arts.
The Brooklyn Scholars Charter School incorporates an educational system managed by National Heritage Academies, which manages another charter school in New York that was recently recognized by the New York State Education Department as a "high performing/gap closing" school.
The new school occupies the site of a former parochial school. The 58,700 SF two-story building is comprised of 27 classrooms, a gym, administrative offices and meeting space, and the rehabilitation includes the addition of energy efficiency measures.
Brooklyn Scholars Charter School creates 55 new permanent teaching, administrative, and support jobs, and will provide quality education for up to 700 students.
Mercy Corps World Headquarters
Mercy Corps' international humanitarian aid efforts consolidate in Portland's Skidmore Fountain building
Global relief organization Mercy Corps (Mercy) has a mission to "alleviate suffering, poverty and oppression by helping people build secure, productive and just communities." The Portland-based group had long been looking to consolidate its operations in a single location.
After a long site evaluation process that finally selected Portland's historic Skidmore Fountain Building as the perfect location, Mercy engaged a local team to help shape and create its future home. A capital campaign, public subsidies and numerous Federal tax credit programs were utilized to achieve the project's financing goals.
The new headquarters, completed in October of 2009, is the home for Mercy's international efforts as well as its local economic development program, Mercy Corps Northwest. The renovated Skidmore Fountain Building is complemented by a newly-constructed addition. The combined 80,000 SF facility includes dynamic workspace and a ground floor global poverty and hunger learning center that incorporates state-of-the-art interactive exhibits.
Mercy's choice of location demonstrates its commitment to its hometown and to preserving culture and history in a sustainable way. The project is targeting a LEED Platinum certification from the US Green Building Council. It has also received the award for the 2008 Metro Qualified Low-Income Community Investment from the Novogradac Community Development Foundation.
Seattle Children's Hospital
One of the country's leading pediatric hospitals doubles its research space
Seattle Children's Hospital (SCH), considered to be one of the best children's hospitals in the country, serves as the pediatric and adolescent academic medical referral center for Washington, Alaska, Montana and Idaho.
The hospital has renovated 80,000 SF of a building that it purchased in 2006 in order to expand research capacity. The project has effectively doubled the available research space in the building in support of SCH's mission to provide leading medical research and care in the field of life-threatening children's diseases.
The tenant improvement of the new space has facilitated new HVAC, plumbing, electrical and interior finishes resulting in 60,000 SF of research space and 20,000 SF of administrative and office space. The project is targeting a LEED Silver for Core & Shell certification from the US Green Building Council for its use of sustainable design elements.
Community Medical Center
A regional hospital system adds a new care center to increase services for underserved communities
Community Medical Centers, the largest and most comprehensive hospital system in California's San Joaquin Valley, has developed the Deran Koligian Ambulatory Care Center to increase medical services to surrounding underserved communities. Community Regional Medical Center is CMC's downtown Fresno location and serves a diverse population throughout Fresno County and the contiguous counties.
The downtown campus is considered to be the lynchpin of downtown Fresno development. The addition of the new ambulatory care facility continues development of this site, a long-supported initiative of the City of Fresno's redevelopment agency.
The new addition relieves pressure on the main hospital's emergency department, and increases medical services to the region's underserved—providing free care to the uninsured and working poor. The hosptal maintains extensive community outreach and education programs, and works closely with a number of major universities to provide education and training opportunities for their students.
International AIDS Vaccine Initiative
An AIDS vaccine research lab anchors a bioscience hub in the repurposed Brooklyn Army Terminal
Founded in 1996, International AIDS Vaccine Initiative (IAVI) is a global not-for-profit, public-private partnersip working to accelerate the development of a vaccine to prevent HIV infection and AIDS.
The City of New York's "BioBAT" initiative envisions developing a portion of the vast, WW II-era Brooklyn Army Terminal into a bioscience research hub, encouraging the incubation of a growing biotechnology sector in New York City.
The New York City Economic Development Corporation identified IAVI as a potential anchor tenant that would attract other research facilities to the location. A broad coalition of project partners worked to design, develop and finance the tenant improvement of 39,000 SF of space in the Brooklyn Army Terminal for IAVI's new research lab.
Completed in 2008, IAVI's new facility incorporates offices, conference rooms, research labs and support areas. The addition of IAVI has created jobs and educational opportunities in New York City's burgeoning bioscience sector and worked towards fulfilling the City's BioBAT initiative goals.
McKibbin Street Industrial Center
An old factory becomes affordable workspace, allowing businesses and jobs to remain in Brooklyn
Greenpoint Manufacturing and Design Center (GMDC) is a not-for-profit real estate developer dedicated to the preservation and creation of permanent, affordable manufacturing space for small and medium-sized industrial firms.
Having successfully completed five of these projects in north Brooklyn, GMDC identified a former furniture manufacturing facility in the East Williamsburg neighborhood of Brooklyn. An innovative usage of state and local business incentives would help finance the project.
The 72,000 SF McKibbin Street Industrial Center has preserved an historic building and provided 20 built-to-suit work spaces to light manufacturing and artisinal businesses at below-market lease rates. As well as bringing positive impact to the surrounding neighborhoods, the project allows these businesses to remain in New York City and employ low-income members of the city's immigrant population with living wage jobs.
GMDC has received recognition for its historic preservation efforts on the McKibbin project, most notably the 2009 New York State Historic Preservation Award and the 2009 Building Brooklyn Award in the Historic Preservation category from the Brooklyn Chamber of Commerce.