618 Live Oak Street; San Antonio, TX
Founded in 1888 as St. Peter Claver Academy, a school for African-Americans, the Healy-Murphy Center of San Antonio has for the last four decades focused upon at-risk youth of all races and backgrounds. Believing firmly that “change is possible” and that “the traditional way is not the only way”, Healy-Murphy ministers to young parents and parents-to-be. The school was the first accredited alternative high school in Texas and employs self-paced curricula tailored to the individual’s needs. Vocational and mental health counseling as well as early childhood education are offered.
By the turn of the 21st century, Healy-Murphy’s facilities were straining to accommodate the demands of its mission. Crescent Growth Capital was retained to structure a $4.65 million New Markets Tax Credit qualified equity investment to fund a comprehensive renovation of the Healy-Murphy Center.
A pledge from the Sisters of the Holy Spirit and Mary Immaculate was teamed with a portion of Healy-Murphy’s endowment, proceeds from a sale and capital campaign donations to generate a significant additional subsidy of tax credit equity. With sufficient funding finally in hand, Healy-Murphy Center will, in the near future, be operating at last out of updated, modern facilities.
