Categories
New Orleans Office
201 St. Charles Avenue
Suite 4205
New Orleans, LA 70170
(504) 378-3470
Dallas Office
13355 Noel Road
Suite 1100
Dallas, TX 75240
(214) 746-5065
Daughters of Charity Health Centers
1030 Lesseps Street & 3201 S. Carrollton Avenue; New Orleans, LA
A $14 million NMTC and state historic tax credit transaction to fund two health care clinics to be operated as Medical Homes targeting the underserved working poor.
Joy Theater
1200 Canal Street; New Orleans, LA
A $5 million NMTC and federal and state HTC financing integrating eight discrete funding sounces to pay for a $12 million rehabilitation of a historic post-WWII movie palace in Downtown New Orleans.
TCI continues expansion at Port of New Orleans
Still catalyzed by the New Markets Tax Credit transaction structured in 2009 on its behalf by Crescent Growth Capital, TCI announces more plans for growth at the Port of New Orleans.
St. Margaret’s Daughters Home
301 N. Jeff Davis Pkwy; New Orleans, LA
A permanent nursing home facility – Phase I of the redevelopment of the former Mercy Hospital – to replace the Lower 9th Ward structure destroyed by Katrina. Funding sources include FEMA reimbursements, state historic tax credits, New Markets Tax Credits and CDBG dollars.
Downtown New Orleans’ Joy Theatre to be restored
After more than two years of work, CGC will team a $5 million New Markets Tax Credit financing with $3 million in historic tax credit equity, $1.8 million in Live Performance Infrastructure Tax Credit equity and $3 million in state CDBG dollars to fund the resoration of the iconic Joy Theatre.
Jindal signs four-year extension of Louisiana Historic Tax Credit program
In the wake of a successful legislative campaign strongly supported by Crescent Growth Capital, Louisiana Governor Bobby Jindal signed a four-year extension to the Louisiana State Historic Tax Credit Program.
Former Belleville School to become apartments for the elderly
Work has begun on realizing the adaptive re-use of the former Belleville School, completed in 1898. With a tax credit financing structured by Crescent Growth Capital, the Belleville Assisted Living Facility will provide 52 apartments for the elderly.
The Keith Corporation Shopping Centers
Claypool Hill, VA ; Wilkesboro, NC
A $10 million NMTC Qualified Equity Investment to enable permanent financing for two struggling shopping centers located in highly-distressed low-income rural census tracts.
Belleville Assisted Living Facility
813 Pelican Avenue; New Orleans, LA
A $12.7 million New Markets Tax Credit financing incorporating federal and state historic tax credit equity to fund a 53-unit, 55,000 SF assisted living facility within a disused former public school in the Algiers National Register Historic District.
Central Louisiana Surgical Hospital
651 N. Bolton Avenue; Alexandria, LA
An $18 million financing to stabilize the operations of a key healthcare provider and employment center in central Louisiana.
The New Orleans Healing Center
2372 St. Claude Avenue; New Orleans, LA
An $11 million community retail center to provide a venue for economic advancement, spiritual progress and shared cultural space, funded with federal and state New Markets Tax Credits, federal and state historic tax credits and city and state CDBG dollars.
Healy-Murphy Center
618 Live Oak Street; San Antonio, TX
A $4.65 million facility renovation for metro San Antonio’s foremost institution ministering to at-risk teen parents and parents to-be.
Old Universal Furniture store morphs into the Healing Center
An innovative shared space housed within a former furniture store in New Orleans’ Faubourg Marigny, the New Orleans Healing Center approaches its opening day, eleven months after Crescent Growth Capital executed the financial closing.
St. Thomas Community Health Center
1936-38 Magazine Street; New Orleans, LA
A $7.5 million financing incorporating NMTCs and federal and state historic tax credits, among other sources, to fund a new health clinic located in the Lower Garden District neighborhood of New Orleans.
Louisiana CDEs predominate in latest NMTC allocation round
Crescent Growth Capital applauds the selection of eight Louisiana-based Community Development Entities by the U.S. Treasury as recipients of nearly ten percent of the total allocation authority awarded in the CDFI Fund’s 2010 Round.