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Urban League Empowerment Center

Urban League Empowerment Center

Type

Education, Workforce Development, Culture & Arts

Location

New York, NY

Est. Project Cost

$15 million

Size

79,553 SF

Public Financing

New Market Tax Credit, Bond financing, City

Sponsor

National Urban League

Private Financing

Equity

Community Facility for Civil Rights Nonprofit

Following Hurricane Maria, Monge Capital supported the Boys & Girls Clubs of Puerto Rico through a $15 million financing initiative that stabilized operations across 12 clubhouse locations. The 48,000 square foot effort preserved 450 jobs and ensured continued services for 15,000 students and 4,000 families, reinforcing long-term youth development and community resilience during a period of major disruption. Monge Capital structured and secured a working capital NMTC financing to stabilize operations.

Estimated Economic and Social Impact

Supports 175 jobs. NUL will endeavor to provide job training services for retailers for up to 200 individuals.

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