Vision at St. Rose de Lima

“One of the things that makes these things possible isn’t just the money. It’s people having the same vision, and they hold to it. There might be bumps in the road along the way, but if people have the same idea, the same goal, the same vision about community redevelopment, it’s amazing what a group of neighbors can do.”

Five years since her husband’s passing, with only a volunteer board behind it, Rose Community Development Corporation celebrates the opening this week of the Rose Collaborative Campus, including the three former church buildings that will now house an arts-focused co-working space, an integrated school, and the new home of the 30-year old Southern Rep Theatre company.

The $11.8-million project, involving the acquisition, rehab and conversion of the three former St. Rose de Lima buildings into new uses, required no fewer than nine sources of capital. There was a New Markets Tax Credit allocation from the National Trust Community Investment Corporation; Historic Tax Credits, both state and federal; low-interest loans from the New Orleans Redevelopment Authority and the State of Louisiana’s Office of Community Development; an economic development grant from the City of New Orleans; and grants for brownfield remediation from the State of Louisiana Department of Environmental Quality and the Regional Planning Commission.

 

https://nextcity.org/daily/entry/how-your-retirement-account-helped-a-community-realize-its-vision

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