Mercy Corps has chosen the historic Skidmore Fountain Building for its new headquarters.
PROJECT LOCATION:
Portland, Oregon
THE PROJECT:
Mercy Corps has chosen the historic Skidmore Fountain Building for its new headquarters. Previously located in six separate buildings, the organization will be consolidated into a single location and will be home to the nonprofit that employs 3,400 staff worldwide and reaches 14.4 million people in 35 different countries. The 81,595 square foot building will also house Mercy Corps Northwest, which assists low-income entrepreneurs and Mercy Corps Action Center, which promotes global literacy through lectures, exhibits and seminars, and youth workshops for students. The project is targeting a LEED-Platinum certification from the US Green Building Council.
PROJECTED COMMUNITY IMPACTS:
- Create 480 construction jobs.
- Create and maintain 320 jobs in the first 10 years of operations.
- Provide business education services to low income individuals
- Achieve LEED Platinum certification
COMMUNITY PROFILE:
- Poverty rate of 62.3%
- Unemployment rate 8.91 times the national average
- HUD designated Enterprise Community
- City of Portland Urban Renewal Area
FINANCING:
- Total Project Cost: $39.1 million
- NCF Deployed Allocation: $10 million
- Total NMTC Allocation: $24.5 million
PROJECT PARTNERS:
- United Fund Advisors (National Community Fund I, LLC)
- Mercy Corps
- National New Markets Fund, LLC
- Portland Development Commission
- U.S. Bancorp Community Development Corporation
- U.S. Bank Commercial Real Estate
