Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

$9 Million Investment: Boys & Girls Club of North Port, Florida to Rebuild and Expand Facilities after Hurricane Ian

The Boys & Girls Club in North Port, Florida, devastated by Hurricane Ian, is set to rebuild with a $1.7 million forgivable loan through the New Market Tax Credits Program and a $4 million grant from Sarasota County, supported by donations including $1 million from Steven Townsend, aiming to provide a new 14,000-square-foot facility by early fall.

Boys & Girls Club in North Port Secures Funding to Rebuild After Hurricane Devastation

According to the Herald-Tribune, the Boys & Girls Club in North Port, Florida, is getting ready to build a new facility after receiving important funding to replace the club destroyed by Hurricane Ian. They secured a $1.7 million loan through the federal New Market Tax Credits Program and a $4 million grant from Sarasota County. These, along with significant donations, like $1 million from Steven Townsend, will help cover the $9 million cost.

Since Hurricane Ian, the Boys & Girls Clubs of Sarasota and DeSoto Counties have been operating out of temporary spaces, serving about 240 children this summer. Construction on the new 14,000-square-foot building is set to start in early fall, allowing the club to provide a better place for local kids.

READ ALSO: $14 Million Settlement: Microsoft Corporation Agrees To Reform Leave Policies After Allegations Of Retaliation Against Employees

$9 Million Investment: Boys & Girls Club of North Port, Florida to Rebuild and Expand Facilities after Hurricane Ian (PHOTO: Sarasota Herald-Tribune)

Boys & Girls Clubs Expand Plans for New Teen Center and Campus Updates

Looking ahead, the Boys & Girls Clubs plan to build a new teen center in DeSoto County and consider updating the Roy McBean club campus in Newtown. They’re exploring more New Market Tax Credits to fund these projects and continue supporting their communities.

READ ALSO: $10.6 Million Boost: Iowa Finance Authority Allocates Funds To Support 404 Affordable Rental Homes Across The State

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...