Kingsley House Closes on Funding for Expansion and Plans Groundbreaking Reception for April 2nd
For Immediate Release:
March 30, 2015
NEW ORLEANS, LA – Kingsley House has secured funding for construction of a new 24,000 sf facility to be located next to the organization’s historic campus located at 1600 Constance Street.
The new Patrick F. Taylor Campus is a $12 million dollar project that will increase capacity for the agency’s Early Head Start program as well as creating a purpose built facility to house its Adult Health Care and Senior Center program.
Kingsley House has scheduled a groundbreaking reception for the new project on Thursday April 2nd at 3 p.m. at the Patrick F. Taylor Campus site, adjacent to 1600 Constance Street. Neighbors, friends and members of the media are invited to attend.
“This is a truly historic milestone for Kingsley House”, said CEO Dr. Keith Liederman. “We now have the funding needed to move forward with this vital expansion project which will greatly increase our capacity to serve our community’s most vulnerable infants, toddlers, medically fragile adults and seniors.”
The funding includes a lead gift of $1 million dollars from the Patrick F. Taylor Foundation, an $8 million New Market Tax Credit transaction with Chase Bank and the Low Income Investment Fund, as well as $2 million in PROP financing from the Louisiana Office of Community Development. This support, coupled with Louisiana State Capital Outlay funds and other private donations, secured the total funding needed for the construction.
“Kingsley House is vitally important for the well-being of New Orleans’ economically vulnerable children and families,” said Kirsten Shaw, Director, Eastern Region, at the Low Income Investment Fund (LIIF). “We’re proud to utilize the New Markets Tax Credit program to expand Kingsley House’s ability to address the needs of early childhood education and supportive health services and care for seniors. LIIF’s investment in the new Patrick F. Taylor Campus will create opportunity for hundreds of families throughout the entire New Orleans community.”
“While we’re thrilled that construction is about to begin, we remain engaged on reaching our Capital Campaign goal of another $2 million in investment,” said Bill Hammack, Chairman of the Capital Campaign Committee. “We want to ensure that Kingsley House is debt free when we open the doors to the new Patrick F. Taylor Campus, thus allowing us to totally focus on the important work the agency does in our community.”
Construction on the project is expected to start in April. Trapolin-Peer is the architect for the project and TriMark Constructors is the general contractor.
To RSVP or find out more information please call 504-523-6221 ext. 127 or email email@example.com
About Kingsley House
Kingsley House, a United Way Community Impact Partner, nationally renowned as the oldest Settlement House in the South, has served more than half a million people since it was founded in 1896. Today, we serve nearly 7,000 people annually throughout Southeast Louisiana through
our nationally accredited and state certified capacity building programs including: Head Start and Early Head Start preschool; Educare New Orleans early childhood learning school; Adult Day Health Care for medically disabled adults and seniors; home-based individual and family counseling services; health and nutrition supports; community outreach; after school tutoring and mentoring and summer camp.
About The Low Income Investment Fund
The Low Income Investment Fund (LIIF) invests capital to support healthy families and communities. Since 1984, LIIF has served 1.7 million people by investing $1.7 billion. Over its history, LIIF has provided financing and technical assistance to create and preserve affordable housing, child care centers, schools, healthy food retail, health clinics and transit-oriented development in distressed neighborhoods nationwide. LIIF’s work has generated more than $30 billion in family income and societal benefits. LIIF has offices in San Francisco, Los Angeles, New York City and Washington, D.C. For more information about LIIF, visit www.liifund.org.
Contact: Gina Jackson, Communications and Events Director
504-523-6221 ext. 127
1600 Constance Street New Orleans, LA 70130