Completed Projects
Project Cristo Rey Jesuit High School
The Project:
The Project used the NMTC financing for acquisition and construction costs for a new a high school serving grades 9-12. The high school’s current location served 392 students annually and the Sponsor anticipates enrollment to grow to 450 students annually as a result of the new location.
The Project expected to offer quality jobs in the community and serve a largely minority (90 percent African American or Hispanic) low-income population. All students are expected to qualify as low-income.
Total Project Costs $6,000,000
FIRE NMTC Allocation $6,000,000
NMTC Investor US Bank CDC
Closing Date September 2019
Distress Criteria
Community Impacts
Jobs:
The project supported 69 full-time equivalent jobs, with 27% of those jobs going to minority workers. Further, 97 temporary construction jobs were created.
Community Impact:
The school serves 450 students, 100% of Cristo Rey students, all of whom are low-income, are accepted to college.
FIRE welcomes requests for NMTC’s throughout the year as we work to maintain an active pipeline of viable and potential projects throughout the region.