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
Ursuline Academy – Fitness and Wellness Center
2635 State Street, New Orleans, LA
A $6 million Fitness & Wellness Center received a combined New Markets Tax Credit and state historic tax credit subsidy of over $1 million, energizing Ursuline’s post-Katrina recovery.
New Orleans Center for Creative Arts
2831 Chartres Street, New Orleans, LA
A $12.5 million NMTC, $14 million QZAB and $20 million federal and state HTC financing to provide a cutting-edge educational facility aimed at nurturing the creative arts.
Carver Theater
2101 Orleans Avenue; New Orleans, LA
A $5.5 million QEI, leveraged with federal and state historic tax credits and state live performance infrastructure tax credits, to renovate an historic New Orleans theater.
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.
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.
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.
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.
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.
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.
St. Margaret’s pushes for 2012 opening of nursing home within former Mercy Hospital
With CGC-structured financing plans coalescing, now to include New Markets and state historic tax credit equity along with FEMA funding, St. Margaret’s Daughters Home predicts a 2012 opening for Phase I of the redevelopment of the former Mercy Hospital/Lindy Boggs Medical Center.
Lakeview Grocery opening caps Harrison Avenue’s post-Katrina renaissance
Enabled by a New Markets Tax Credit transaction structured in 2009 by Crescent Growth Capital, Lakeview Grocery’s opening marks a crucial milestone in the post-Katrina recovery of New Orleans’ Harrison Avenue commercial corridor.
Urban League Head Start Center
2800 Desire Parkway; New Orleans, LA
A new $7 million environmentally-responsible, state-of-the-art Head Start early childhood education and pre-natal care facility.
Lakeview Grocery
801 Harrison Avenue; New Orleans, LA
A $6 million grocery store for New Orleans’ recovering Lakeview neighborhood.