New Settlement Community Campus

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Settlement Housing Fund (SHF) is a 40-year-old organization that has developed over 8,700 apartments that are home to more than 25,000 low- and middle-income residents. SHF is using the NMTC financing provided by LIIF and its partners to develop a 24,000-square-foot community center in the Mt. Eden section of the Bronx, an area where over 40% of residents live below the poverty line. The new center will be located in a building that will also house a new K-12 public school. The center will include an indoor swimming pool, multipurpose rooms, dance studios, a cooking classroom, an educational green roof terrace and gallery space. An affiliate of SHF will run educational and recreational activities, such as after-school arts and recreation programming for 1,100 students and thousands of community members in the new facility. The center is being developed with the NYC School Construction Authority.

Project Details

1,100 youth served
24,000 square feet of community space
$10 million New Markets Tax Credits
  • Goldman Sachs Bank
  • Settlement Housing Fund

More Information
New Markets Tax Credits