THE MARKET @ 25TH RICHMOND, VA FOOD DESERT SOLUTION City First debuted their first investment in Richmond, VA in 2018 with an $8 million NMTC allocation to the Church Hill North Market @ 25th. Located in a highly distressed community and food desert, The Market @ 25th is a bustling 65,000 square foot, mixed-use development. Among its features are an independently owned grocery store, a minority-owned pharmacy, a culinary arts school and sit-down restaurant operated by the local community college. There’s also a health hub provided by Virginia Commonwealth University that will offer free health screenings and educational information to the community, and 54 affordable one and two bedroom apartments.
CITY FIRST’S FIRST INVESTMENT IN RICHMOND, VA IS A
65,000
SQUARE FOOT MIXEDUSE DEVELOPMENT THAT INCLUDES
54
AFFORDABLE APARTMENTS.
A collaboration of Capital One, Local Initiatives Support Corporation, The Community Builders, and Boston Community Capital contributed an additional $18.5 million in NMTC allocation, and Capital One purchased the tax credits. Already receiving a large amount of local attention , The Market @ 25th is slated to make a big impact on transforming this former food desert to a thriving, well fed community.
“OUR COMMUNITY EXPRESSED A NEED, AND NOW OUR DREAMS HAVE BECOME A REALITY.” - MARY THOMPSON
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