Nov 3 2009
Early Childhood Center Renovated with Federal Funding to Serve More than 200 Children, Infants and Toddlers
Finance Fund is pleased to announce a media tour and reception on Monday, Nov. 2 at the Kings Highway Childhood Development Center in Dayton, Ohio. This event will celebrate the newly renovated Head Start facility and welcome special guest Congressman Michael Turner (R-Ohio).
“I look forward to learning more about this important project,” Turner said. “Programs such as this serve as vital community resources and ensure that all children are provided access to affordable and safe early childhood development programs. I hope to see more projects like this one in communities throughout Southwest Ohio.”
“The impact of this renovation project will be long-lasting in the Dayton community,” said James R. Klein, CEO of Finance Fund. “More than 200 students, including infants and toddlers, now participate in early childhood development programming. We are happy to have played a key role in funding this project.”
Finance Fund provided $1.05 million in New Markets Tax Credits funding toward the renovation, which was accompanied by a $429,000 federal grant. The renovation project brought much-needed updates to the Kings Highway facility, including replacing the two boilers and updating classrooms. Because of the improvements, the facility is now able to serve toddlers and infants, in addition to existing early childhood services. Along with internal and external improvements to the building, updates were made to the now 80,000 square foot parking lot and landscaping, making the surrounding area safer and more convenient for parents. The facility is currently enrolled with 225 students, with a capacity of 240.
“The tax credit financing support will help MVCDC expand our commitment to the City of Dayton’s most underserved children,” said Mary Burns, executive director of Miami Valley Childhood Development Centers, Inc. “A bonus of this center’s design is convenience to parents with more than one young child. In addition to ages three to five, we can now provide beneficial early childhood services to newborns and toddlers, ages zero to three.”
Source: http://www.financefund.org/