Education

Autism Community Network

April 3, 2023 by

Autism Community Network (ACN) was founded in 2008 through a consortium of healthcare funders led by Palmer Moe and the Kronkosky Charitable Foundation. The primary purpose of ACN is to improve the health and quality of life of children with autism by providing early, uniquely tailored diagnostic services to children suspected of having autism, therapies to families impacted by autism, and support through training for caregivers and providers whose interaction with autistic children is critical to their success. Additionally, ACN works diligently to educate the community about autism and to the best of their ability, the experience of the impacted family and autistic individual.

ACN serves children ages 0-7 through its clinical diagnostic program, and ages 0-9 for occupational therapy and speech language therapy. The organization currently offers the following programs (a) diagnostic services for children, (b) therapies for children and families affected by autism, (c) classes for caregivers affected by autism, (d) professional development for professionals serving children with autism, (e) continued care coordination, (f) community outreach and awareness, (g) quality of life programming (Camp AUSOME!, Family Events, Community Collaborations).

ACN is currently one of two agencies serving the Medicaid populations in Bexar, and surrounding counties, with clinical diagnostic services. ACN’s current waitlist is 6 months for their Earliest Connection Clinic (0-29 months of age) and 18 months for their Diagnostic Clinic (30 months to 6 years of age).

Since its inception in 2008, ACN has served over 27,000 individuals – an estimated 75% of whom are Medicaid eligible. In 2021 alone, ACN served 2,150 children, caregivers and other professionals through its unique programming options, 85% of whom are below the poverty line.

In March of 2023, in partnership with Broadstreet Impact Services (formerly Local Initiatives Support Corporation), Crescent closed on a $5.5M Federal NMTC financing to purchase, renovate and expand an existing facility into the new home of the Autism Community Network (“ACN”). The new 10,346 sf ACN headquarters facility will provide the organization with adequate clinical space to serve a growing referral base, as well as a large sensory gym, a playground and a community center.

The new facility will decrease ACN’s diagnostic waitlist by 3-6 months, increase the amount of therapy offerings, expand education and training for autism service providers and caregivers and improve upon quality-of-life offerings by including appropriate play areas, both indoor and outdoor, for the autistic community, all in a safe, sensory-friendly and warm facility.

The NMTC net benefit will provide ACN with the ability to reduce its fundraising target by nearly $650K and facilitate ACN’s expansion of its existing programming by 63% over the next five years. The project is expected to create at least 10 FTE’s over the next 7 years.

Fisk University

January 19, 2023 by

Conceived in the hopeful aftermath of the Civil War to help satisfy the enormous demand for education on the part of Black Americans, Fisk University opened its doors on January 9, 1866. In subsequent decades Fisk University went on to bequeath to the nation a string of graduates constituting an unremitting procession of African-American firsts, including W.E.B DuBois, sociologist and the first Black recipient of a PhD from Harvard (1896); St. Elmo Brady, the first Black recipient of a PhD in Chemistry (1916); Hettie Love, the first Black female to graduate with an MBA from the University of Pennsylvania’s Wharton School (1947); Mahala Dickerson, the first Black woman attorney admitted to the Alabama State Bar (1948); and Etta Falconer, the first Black woman to earn a PhD in Mathematics (1969). Today, over 1,000 undergraduates and graduate students are enrolled at Fisk University.

And yet while Fisk’s commitment to academic rigor and minority opportunity has never flagged, African-Americans as a whole remain disproportionately poor and suffer from higher rates of violent crime, inferior health outcomes and lower levels of educational attainment than the average American.

Fisk University is keenly aware of these yawning disparities but has been focused until recently on putting its own house in order. Conscientious leadership and hard work in the new century have righted the ship, allowing Fisk to embark upon a bold plan of enrollment growth, career support for its graduates, and unprecedented engagement with its surrounding, deeply disadvantaged community.

Fisk University is planning four projects to grow enrollment and retention, boost career development and embark upon unprecedented engagement with its surrounding, highly-distressed low income community, including the following:

Academic Excellence & Student Performance Center
Roland Parrish Career Center
Hope-Franklin Library
Driskell House (Social Justice/Race Relations)

In January of 2023, in partnership with Hope Enterprise Corporation and Wells Fargo Bank, Crescent closed on a $7.5M Federal NMTC financing which generate eight new permanent jobs, retain a further eight positions and increase enrollment by an estimated 15%.

Ursuline Academy – SMART Lab/STEM Studio

December 28, 2021 by

Ursuline Academy has educated young women for nearly three hundred years. Founded in 1727, only nine years after New Orleans’ establishment, the school currently occupies an eleven-acre campus inaugurated in 1912. Nearly six hundred students attend grades Pre-Kindergarten through 12.

In recent years Crescent Growth Capital has repeatedly helped Ursuline Academy leverage its capital projects fundraising to generate tax credit subsidies, resulting in a more attractive and competitive suite of educational and programmatic offerings. In 2010 Crescent structured and closed a New Markets Tax Credit financing to enable a key element of Ursuline’s post-Hurricane Katrina recovery plan: the debut of a dedicated Early Childhood Learning Center. Another central institutional objective, the rehabilitation of the school’s circa 1935 gymnasium to accommodate its enlargement and conversion into a Fitness and Wellness Center, was achieved with the assistance of Crescent’s contingent fee-based historic preservation consulting and historic tax credit monetization services. Subsequent historic preservation consulting work was undertaken by Crescent on behalf of the Ursuline Sisters to subsidize improvements to the National Shrine of Our Lady of Prompt Succor, located on the academy’s campus but administered independently.

In January 2020, Crescent was again approached by Ursuline Academy to provide contingent fee-based historic preservation consulting and historic tax credit monetization services, this time in support of its development of a SMART Lab and STEM Studio within its 1912 academic building. The academy deleted a circa 1960 library space to allow for the installation of an IOT-enabled SMART Lab, a cutting-edge practice platform for STEM instruction, a robotics competition zone, an entrepreneurship space, and a media lab. An adjoining bathroom stack was also reconstructed to code, conditioned by the new central HVAC system installed for the SMART Lab and finished with salvaged marble partitions and historic wooden fittings.

Crescent Growth Capital’s in-house historic preservation specialist prepared a twelve-element Historic Preservation Certification Application over twenty-two months. Part 3 approval was received on November 16, 2021, with credit monetization accomplished by Crescent and tax credit sale proceeds delivered to Ursuline in December.

Audubon Gentilly Charter School

July 1, 2020 by

Public education in New Orleans is today wholly entrusted to non-profit charter schools. Multiple networks of independent charter schools are supervised by the elected school board, which functions as the disinterested enforcer of academic standards, provider of resources best offered in a centralized fashion, and owner of school buildings. The resulting highly entrepreneurial environment has transformed educational outcomes throughout the city and afforded to successful charter school operators the opportunity to take over operation of additional schools.

Audubon Schools began as a traditionally-administered public elementary school in the city’s Uptown neighborhood. Almost fifty years ago, four teachers attending Montessori training at Tulane University resolved to find a public school home for this unique pedagogical approach, then and now mostly present in private Montessori schools. The teachers successfully petitioned the Orleans Parish School Board, which authorized “Audubon Montessori” in 1981. Five years later, the school started a French immersion track, which was formally sponsored by the French government in 1990 (The French Ministry of Education supports the program to this day). In the years leading up to Hurricane Katrina (2005), Audubon Montessori became widely referred to as a “public dream school” beloved by its parents (who affixed to their cars bumper stickers sporting this slogan). In the wake of Katrina, Audubon reopened as an independent charter school.

Under the leadership of Superintendent Henderson Lewis (2015-2022), the OPSB adopted a policy of encouraging successful charter school operators to grow by being awarded additional schools to administer. In Gentilly Terrace, an historic neighborhood of the city platted in 1909, the closure of the neighborhood’s charter elementary school was announced in 2016, a consequence of unimpressive academic results and dwindling enrollment. An unprecedented alliance of the Gentilly Terrace & Gardens Improvement Association, the leadership of Audubon Schools and the OPSB was formed to argue for the selection of Audubon as the new operator for Gentilly Terrace’s neighborhood elementary school. In the fall of 2018, Audubon Gentilly began operations, immediately ranking among the most sought-after public schools in the city.

Crescent Growth Capital was hired by Audubon Schools to provide contingent fee-based historic preservation consulting and historic tax credit monetization services, to subsidize the $2.7 million cost of readying the school building for its new operator. Gentilly Terrace School was constructed in 1914, to a design by architect E.A. Christy, and expanded in 1924. The wood-frame Craftsman style building boasts numerous flourishes which typify the Arts-and-Crafts movement, including scalloped rafter tails, decorative friezes and elaborate knee-brace brackets at the gable ends, A contributing element to the Gentilly Terrace National Register Historic District, the school received a rehabilitated ground floor and dramatically re-landscaped side yard play areas incorporating best practices in stormwater management.

Crescent Growth Capital’s in-house historic preservation specialist prepared a three-element Historic Preservation Certification Application over seventeen months. Part 3 approval was received on December 19, 2019, with credit monetization accomplished by Crescent and tax credit sale proceeds delivered to Audubon Schools in July of 2020.

Cristo Rey Dallas College Prep – Phase II

September 18, 2019 by

Founded in Chicago in 2001 by Father John P. Foley, S.J., the Cristo Rey network is the largest network of high schools in the US whose enrollment is limited to low-income youth. Cristo Rey employs an innovative business model, wherein students work five days each month in entry-level jobs at local professional companies, with the fee for their work being directed to underwrite tuition costs. Operating on a franchise system, each Cristo Rey school is a partnership between a local operator with an established track record, and the proven Cristo Rey 9-12 programming that is based on rigorous academics, four years of professional work experience, and Catholic moral values, employed in a high-expectations environment. Students’ tuition is subsidized by the same work study program that prepares them for college, as well as putting them in good position to succeed in their first job.

Cristo Rey Dallas College Prep (“CRDCP”), the 30th Cristo Rey school nationwide, welcomed its inaugural 126-member freshman class in September, 2015, operating out of the St. Augustine Drive site in Pleasant Grove, under a lease with the Catholic Diocese of Dallas. The current class is 94% Hispanic, 70% come from the failing DISD public school system, 70% report knowing no one either in their family or neighborhood who attended college, and the average 5-member family household income of the student body is around $35,000.

CRDCP employs the same Corporate Work Study Program found in all Cristo Rey schools. The program is an innovative model of education that gives students a Catholic, college-preparatory education while earning work experience in a corporate setting. Four students rotate through the week to fill the position full-time. Each student has an assigned day on which he or she works. On Friday, the four students rotate to share the fifth day of the week. In each four-week span, each student will have one week in which he or she works two days. Student schedules are created so that students never miss a class.

Students are employees of the Corporate Work Study Program, not the job sponsors. Sponsors pay a flat fee to the Corporate Work Study Program for one full-time Corporate Work Study Team. The Corporate Work Study Program handles all payroll, W-4, I-9, Worker’s Compensation, FICA and FUTA paperwork, as well as all routine employer issues. The Corporate Work Study Program is separately incorporated, functioning as an employment agency within Cristo Rey Dallas College Prep.

CRDCP’s Corporate Work Study program partners include a broad spectrum of Dallas’ biggest regional, national and international companies, operating in a variety of industries, such as commercial real estate, accounting, law, energy exploration/oilfield services, non-profits, and consumer products.

The project site is located within a USDA-designated Food Desert, and Cristo Rey Dallas provides students with meals through the National School Lunch Program and have school-wide physical recreation time on Friday mornings to encourage healthy habits.

With the main academic building completed as a result of the first NMTC closing in December, 2016, the administration has turned its focus to the rest of the campus – specifically the 32,000 sf Innovation Center, housing the dining hall and technology and resource centers, as well as an administrative building, Corporate Work Study Program headquarters, an arts and music center, a gymnasium, a sports field and parking.

In September, 2019, Crescent Growth Capital helped facilitate a $16,500,000 NMTC financing to fund the school’s Phase 2 campus development plan. By leveraging NMTC allocation provided by Dallas Development Fund, Raza Development Fund, and top off allocation as well as NMTC investment from Capital One, the financing could deliver up to $3M in net benefit to the school.

Girl Scouts of Northeast Texas – Phases I & II

July 23, 2019 by

Girl Scouts is proud to be celebrating 101 years of building girls of courage, confidence and character, who make the world a better place. As a national movement of more than 2.3 million girls, 890,000 adults and more than 59 million alumnae, Girl Scouts is a force for developing leadership skills in girls. Since its founding by Juliette Gordon Low, Girl Scouts has been an inclusive sisterhood of women and girls that represents every zip code across the country.

In the last 101 years, the world has changed dramatically. When Juliette founded the organization in 1912, women had very few personal rights. Today, girls face another set of challenges as they navigate their lives in an increasingly complex and uncertain world. The 21^st century requires a different kind of leader – one who not only values the power of diversity, inclusion, and collaboration, but also is committed to bringing people together to improve neighborhoods, communities, and the world.

Girl Scouts is today, as it always has been, the organization best positioned to offer girls the tools they need to be successful leaders now and throughout their lives. In fact, Girl Scouts is the largest pipeline for female leaders in the country:

Nearly 80% of female business owners were Girl Scouts.

A full 68% of women serving in Congress were Girl Scouts and every female Secretary of State was a Girl Scout.

Nearly every woman who has ever flown in space was a Girl Scout.

Girl Scouts of Northeast Texas (GSNETX) was formed as a result of realignment in 2007. In 2014, their council served nearly 31,000 girls in a 32-county area from DFW Airport, east to Louisiana and north to Oklahoma. In Dallas alone, more than 3,000 girls – 67% of which were Hispanic – participated in the Dallas Area Community Outreach Programs (Title 1 schools, low-income areas primarily in South Dallas, in DISD schools).

Camp Whispering Cedars, established in 1926, has welcomed nearly 100,000 Girl Scouts since inception. Encompassing approximately 60 acres, Camp Whispering Cedars is the largest urban camp serving girls in North Texas. The camp is located just 20 minutes south of downtown Dallas within the City of Dallas boundaries. Its access to a major urban population, with an estimated 40,000 girls living in low socio-economic conditions, makes this property ideally suited to reduce barriers to participation for a large number of girls and adults who have limited resources and transportation options.

The Science, Technology, Engineering & Math (STEM) Center at Camp Whispering Cedars is a pilot program for Girl Scouts USA and is expected to be the model for other urban camps nationally. Camp Whispering Cedars’ proximity to the metropolitan area of Dallas along with its rural seclusion from the urban or suburban environments makes it a unique camp that can offer a careful integration of pristine and protected natural environments and modern technology and its applications. This integration provides endless opportunities to elevate girl programming and experiences to new levels of creativity and innovation.

STEM programming has been at the center of the Girl Scout Leadership Experience since its inception. To further this mission, GSNETX’s vision for Camp Whispering Cedars is to create a STEM Center of Excellence where girls can explore science, technology, engineering and math, hands-on in the living laboratory of the outdoors. At Camp Whispering Cedars, girls will grow in confidence and make lifelong memories. Girls will come to have fun through traditional outdoor adventure and exploration while, at the same time, they will be offered programming that naturally integrates STEM into activities. Girls will take a deep dive into the natural world and tackle high-adventure challenges through project-based STEM activities. Thanks to a wide array of partnerships, Camp Whispering Cedars will offer girls a variety of programming, including:

Hunt Oil will identify unique geological features of the site and key areas to observe unique formations on the property, including the escarpment between the Eagle Ford Shale and the Austin Chalk, which runs directly through the site.

Texas Instruments will help incorporate STEM learning concepts into a Girl Scout badge-earning workshop, identifying key areas of STEM career exploration to address with the Scouts.

Texas Master Naturalists will identify environmental and conservation learning opportunities and help GSNETX to develop focused programming for the Scouts.

Fluor Corporation, AT&T and University of Texas at Dallas will all help develop specific STEM-based programming for both the regular summer curriculum and College Journey.

City of Dallas/State of Texas will help GSNETX to develop a water conservation and stream monitoring program, in which girls will learn about water and its impact on the environment.

Texas Trees Foundation and Dogwood Canyon will identify unique hardwood trees, flora and fauna and other unique natural features on the site, and will help develop hiking and nature trails that highlight these features.

Perot Museum will provide STEM-related programming at the museum, and will bring girls to Camp Whispering Cedars to explore the concepts in an outdoor environment.

Girl Scouts of Northeast Texas initiated a capital campaign last year during the 100th anniversary of the organization to help support the Whispering Cedars Camp transformation. GSNETX received a $1 million gift from the Rees-Jones Foundation. This initial gift allowed Girl Scouts to acquire an additional 36 acres of property immediately adjacent to the camp to provide more program space while creating a buffer from the outside world. GSNETX now has almost 100 acres in the City of Dallas to serve girls and will break ground on the Rees-Jones Welcome Center this summer.

In 2016, GSNETX engaged Crescent Growth Capital to facilitate a NMTC financing so as to reduce the fundraising burden required to finance the Camp Whispering Cedars renovation. In December, 2016, CGC and GSNETX closed on a $8M NMTC financing, utilizing allocation provided by Dallas Development Fund and Capital One.

In July, 2019, Crescent Growth Capital facilitated a second NMTC financing for the Camp Whispering Cedars project, with an additional $5.5M of NMTC allocation provided by Dallas Development Fund.

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