Funded by a $5.7 million New Markets Tax Credit qualified equity investment structured by Crescent Growth Capital, the Ursuline Academy Early Childhood Learning Center is the first component to be realized of Ursuline Academy’s ambitious post-Hurricane Katrina recovery plan, simultaneously striking a blow on behalf of the oldest operating Catholic School in the United States (established in 1727), providing needed early childhood education capacity to New Orleans and disseminating best practices to partnering public facilities. Located within a highly distressed census tract struggling with a 25% poverty rate, the Early Childhood Learning Center would not have happened without the New Markets Tax Credit subsidy.