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New York & Tri-State  + Uptown/Bronx  + Student Housing  |  May 1, 2023
Emily Fu
By: Emily Fu

Entity Managed by NYCRC Provides $20M for New Charter School in the Bronx 

The New York City Regional Center has announced the closing of $20 million in New Market Tax Credit financing to assist in building a new 155,000-square-foot charter school in the Mott Haven neighborhood of the Bronx.  

As the sixth charter school that has utilized New Market Tax Credit funding from a New York City Regional Center-managed entity, and the fourth in the Bronx, the new school will be run by KIPP NYC. The campus is expected to accommodate around 1,400 students in grades 9-12.  

The funding will help finance the construction of a seven-story educational facility. The building is expected to be completed in time for the 2025-2026 school year. KIPP NYC operates a network of 18 public charter schools in the Bronx, Brooklyn, and Manhattan, and the charter school network is known for its diverse student body. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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