Rendering of the MLK Transition Academy site. Credit: Urban Renaissance Partners, Inc.

MLK Transition Academy

Borrower
Urban Renaissance Partners, Inc.
Location
Memphis, TN
Financing Used For
Acquisition & Predevelopment
Loan Amount
$450,000
Loan Length
24 months

In a Memphis, Tennessee, neighborhood historically challenged by high poverty rates and disinvestment, a significant revitalization effort is underway as a result of the Department of Housing and Urban Development’s Choice Neighborhoods Initiative grant awarded to the City and Housing Authority.

South City, once home to Memphis’s largest public housing site, is now a mixed-income community. Urban Renaissance Partners is a critical partner in this transformation. With a $450,000 acquisition loan from BlueHub, it is redeveloping a former school into a community hub featuring a new early childhood education center and an afterschool program for girls. These programs will provide learning and developmental opportunities for young children, and educational and life skills support for girls ages 5 to 18. Both programs are also designed to give neighborhood children the strongest possible academic foundation for future success.