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Boys & Girls Club of Newark

Boys & Girls Club of Newark

Type

Education

Location

Newark, NJ

Est. Project Cost

$6.6 million

Size

28,175 SF

Public Financing

New Markets Tax Credit

Sponsor

Boys & Girls Club of Newark

Private Financing

Debt

Community Facility and Services Expansion

This $6.6 million, 28,175-square-foot community facility renovation supports the expansion of the Boys & Girls Club of Newark, funding interior and exterior improvements including new multi-purpose rooms, a Vision and Dental Center, and a STEM classroom to enhance youth services. Monge Capital supported the capital stack through New Markets Tax Credit financing, helping expand programming capacity and increase average daily attendance from 500 to over 1,000 youth.

Estimated Economic and Social Impact

Grow membership by 100% and increase average daily attendance from 500 to over 1,000.

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