This historic business district suffered from decades of disinvestment that resulted in vacancy and blight. Aligned with a neighborhood-driven Quality of Life plan, this project created 104 residential units (21 affordable), renovated 34,800 sf of retail space, expanded an existing Federally Qualified Health Center, and created 13,000 sf of office space. Financed with CDF’s New Markets Tax Credits, the project was a catalyst for neighborhood revitalization.
Neighborhood: Madisonville
Impact:
- 104 residential units (21 affordable)
- 34,800 sf of retail space
- 13,000 sf of office space
- Expanded/renovated health center
- Business district revitalization
Amount: $10,000,000