Mission First Housing Group, a family of nonprofit organizations working together to ensure everyone has a safe, affordable place to call home, recently announced New Market West was honored with awards from the Philadelphia Association of Community Development Corporations (PACDC) and the Philadelphia Business Journal.
New Market West is a four-story, LEED certified 90,000 square foot commercial building that serves as a hub for retail and community services near the 60th and Market Street El stop in West Philadelphia. New Market West brings high-quality early childhood education, primary health care for seniors, support for previously homeless single parent families, behavioral health services and community-serving retail to a transit accessible location. Cinnaire provided an $11.25 million New Markets Tax Credit (NMTC) allocation to support the development. PNC Bank, as the NMTC investor, joined Cinnaire in the financing of the project.