University of Chicago Medical Center
Address 5841 S. Maryland Chicago, IL 60637 Census Tract 17031836200 Poverty Rate Median Income 48.32% Total Project Cost $140,000,000 Federal NMTC Financing $6,500,000 State NMTC Financing $5,000,000 Project Completion Overview UDF provided financing to the University of Chicago Medical Center (UChicago Medicine) for completion of multiple projects. First, UDFs funds were utilized to relocate 122 […]
The Roosevelt Hotel New Orleans
Address 130 Roosevelt Way New Orleans, LA 70112 Census Tract Poverty Rate Median Income Total Project Cost Federal NMTC Financing State NMTC Financing Project Completion Overview Ravaged by hurricane Katrina, the then Fairmont was closed in 2005. Facing rising renovation costs, the owners sold the gutted hotel to First Class Hotels, headed by Neil Freeman […]
The Chicago Motor Club Building
Address 68 E. Wacker PlaceChicago, IL 60601 Census Tract text field Poverty Rate text field Median Income text field Total Project Cost text field Federal NMTC Financing text field State NMTC Financing text field Project Completion text field Overview In 2011, Aries acquired the Chicago Motor Club building and adjacent vacant lot for $9.7 million […]
PBS39 at Steelstacks
Address 123 Sesame St Bethlehem, PA 18015 Census Tract 42095011300 Poverty Rate 28.7% Median Income 47.1% Total Project Cost $23,000,000 NMTC Financing $13,500,000 Overview The PBS39 at SteelStacks project was undertaken by PBS39 Foundation and the Lehigh Valley Public Telecommunications Corporation to construct a Public Media and Education Center on the redeveloped Bethlehem Plant of […]
Stanley Theatre
Address 261 Genesee St Utica, NY 13501 Census Tract 36065020300 Poverty Rate 45.7% Median Income 36.1% Total Project Cost $33,800,000 NMTC Financing $16,209,000 Overview The Stanley is located in downtown Utica, NY. From 1928 thru 1960, Utica’s population was over 110,000 as manufacturing and mercantile flourished along the historic Erie Canal Transportation Corridor. As these […]
Embassy Suites Riverwalk
Address 125 E. Houston St San Antonio, TX 78205 Census Tract 48029110100 Poverty Rate 37.5% Median Income 59.5% Total Project Cost $88,000,000 Federal NMTC Financing $21,500,000 Project Completion August 2010 Overview The project is the new construction of a 285-room Embassy Suites Hotel. The building contains 16 floors above ground and two levels of parking, […]
21 C Museum/Hotel
Address 700 West Main St Louisville, KY 40202 Census Tract 21111004900 Poverty Rate 32.71% Median Income 68.18% Total Project Cost $25,995,000 Federal NMTC Financing $7,816,000 Project Completion April 2006 Overview Located in historic downtown Louisville, the 19th century property consists of five adjoining buildings. The currently under-utilized industrial buildings totaling 98,000 square feet have been […]
Houston Food Bank
Address 525 Portwall St Houston, TX 77029 Census Tract 48201212400 Poverty Rate 22.80% Median Income 53.00% Total Project Cost $6,775,000 Federal NMTC Financing $5,666,667 Project Completion June 2017 Overview The Houston Food Bank (HFB) utilized their investment from UDF to rehabilitate and add space to their current properties and to move the location of their […]
Goodwill Big Bend
Address 300 Mabry Street Tallahassee, FL 32312 Census Tract 12073002003 Poverty Rate 58.04% Median Income 23.83% Total Project Cost $9,052,258 Federal NMTC Financing $7,500,000 State NMTC Financing $9,000,000 Project Completion Overview Goodwill Industries–Big Bend, Inc. is a 501(c)3 non-profit with a mission to provide job training,education, and employment to people with disabilities and other barriers […]
XS Tennis
Address 5338 S. State St Chicago, IL 60609 Census Tract 17031151002 Poverty Rate 35.90% Median Income 36.68% Total Project Cost $12,000,000 State NMTC Financing $9,142,857 Project Completion November 2017 Overview The XS Tennis and Education Foundation’s (XSTEF) Mission is to provide Chicago’s under-served youth with an enriching safe-haven and positive academic/athletic pathway to college through […]
