Documentary
The Pythian Building is a historically important, vacant 10-story building in the downtown business district of New Orleans. Reinvestment Fund financing helped Green Coast Enterprises convert the building into workforce affordable housing units, combined with 20,000 square feet of retail space, and 16,000 square feet of office space.
The project is receiving New Markets Tax Credit (NMTC) allocations in support of the development. Reinvestment Fund is providing NMTC allocations and loans to bridge state and federal historic tax credit equity. National Trust Community Investment Corporation is providing the remaining NMTC allocations and US Bank is the equity investor. Stonehenge Capital and Iberia Bank are also financing partners in this project.
Learn more: reinvestment.com/success-story/pythian-building/