Community Ventures provided $7 M in this $39 M project
Community Ventures played a crucial role in the transformative $39 million expansion project at Lindsey Wilson College (LWC), leveraging the New Markets Tax Credit (NMTC) program to facilitate financing. The expansion includes several new facilities: the Doris and Bob Holloway Health & Wellness Center, the Norma and Glen Hodge Center for Discipleship, the Dr. Robert and Carol Goodin Nursing and Counseling Center, two new residence halls, and the Lindsey Wilson Sports Park, which features multiple athletic venues.
The NMTC program, which allows investors to receive a 39 percent federal income tax credit for Qualified Equity Investments in Community Development Entities (CDEs), was instrumental in this project. This program provided LWC with approximately $3.8 million in NMTC subsidy, which was crucial in securing the necessary capital for the expansion. The taxadvantagegroup helped to secure this NMTC allocation and navigate the complex financing requirements, ensuring the project’s success.
The Health & Wellness Center and the Sports Park are significant additions, providing valuable recreational and athletic facilities not only for LWC students but also for the local community, including youth sports programs. The expanded campus facilities are part of LWC’s ongoing mission to meet the educational, social, and spiritual needs of its students and enhance its community impact.
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