300 Eads Avenue; San Antonio, TX
Lighthouse for the Blind has been helping low-vision citizens of San Antonio find productive and purposeful vocations since 1933. Every year over 5,000 blind individuals receive assistance from San Antonio Lighthouse, and 250 blind individuals are directly employed in Lighthouse’s manufacturing operation.
Crescent Growth Capital was retained by San Antonio Lighthouse to structure and close a $12.7 million NMTC financing to help fund a new multi-purpose facility. The 60,000 square-foot Southside facility will allow for a significant expansion of Lighthouse’s rehabilitation services and manufacturing operation. The new facility will aid the continued growth of Lighthouse operations, address current facility exhaustion, enable Lighthouse to provide rehabilitation services to an additional 2,000 individuals annually, allow for the creation of 100 additional manufacturing jobs by 2016 – the majority of which will be filled by people who are blind – provide a boost to the local Southside San Antonio economy and position Lighthouse to be financially independent and self-sustaining.