Roeder & Company, LLC and Enhanced Community Development announce the closing of a $4 million Oregon New Markets Tax Credit financing for Ride Connection’s new Resource and Operations Center at Glisan Commons, a mixed-use development near the Gateway Transit Center in Northeast Portland. The new facility will be 16,000 square feet and will house Ride Connection’s administrative offices, driver training and support programs, call center, scheduling and dispatch operations, and travel training services.
“The incorporation of Oregon NMTCs into the financing of our new Resource and Operations Center will help Ride Connection to strategically expand its program offerings, thereby serving, educating and training many more people than can be done from our current headquarters location,” said Elaine Wells, Executive Director of Ride Connection. One of the main objectives of the Oregon NMTC program is to spark revitalization in Oregon’s low-income communities, and the Ride Connection Resource and Operations Center furthers that aim by creating new jobs in its highly distressed census tract and substantially improving community access to Ride Connection’s transit education programs.
“The benefits from this program will truly help change lives by providing the gift of mobility, independence, and dignity for many deserving people,” said Cynthia Thompson, Chief Development Officer of Ride Connection.
The Resource and Operations Center, including tenant improvements, is expected to be completed in June of 2014. For more information on Ride Connection, please visit www.rideconnection.org.
“The incorporation of Oregon NMTCs into the financing of our new Resource and Operations Center will help Ride Connection to strategically expand its program offerings, thereby serving, educating and training many more people than can be done from our current headquarters location,” said Elaine Wells, Executive Director of Ride Connection. One of the main objectives of the Oregon NMTC program is to spark revitalization in Oregon’s low-income communities, and the Ride Connection Resource and Operations Center furthers that aim by creating new jobs in its highly distressed census tract and substantially improving community access to Ride Connection’s transit education programs.
“The benefits from this program will truly help change lives by providing the gift of mobility, independence, and dignity for many deserving people,” said Cynthia Thompson, Chief Development Officer of Ride Connection.
The Resource and Operations Center, including tenant improvements, is expected to be completed in June of 2014. For more information on Ride Connection, please visit www.rideconnection.org.
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