New Markets Tax Credits Strengthen New Orleans Community
A longstanding community services center located in a New Orleans community continuing to recover the aftermath of Hurricane Katrina, Kingsley House was recently featured in the Novogradac Journal of Tax Credits. Serving more than 500,000 since its opening, Kingsley House hosts an array of services including Head Start and Early Head Start programs for infants and toddlers, in addition to adult day care for senior members of the community.
LIIF is proud to have invested $6.5 million in New Markets Tax Credits, accompanied by a $4.4 million leverage loan to help expand services at Kingsley House. Securing the Patrick F. Taylor building will allow Kingsley House to serve an additional 32 children, 41 adults and hire 10 new staff members.