2023 Metro QLICI of the Year Award Recipient
DC Central Kitchen's Klein Center for Jobs and Justice
CDEs: Chase New Markets Corporation; CAHEC New Markets, LLC; Reinvestment Fund, Inc.
Developer: Rosewood Strategies
Owner: DC Central Kitchen
Location: Washington, D.C.
Three CDEs combined to allocate $18.5 million in new markets tax credits (NMTCs) to help fund the development of DC Central Kitchen’s Klein Center for Jobs and Justice in Washington, D.C. CAHEC New Markets, LLC ($8 million in NMTCs), Reinvestment Fund, Inc. ($8 million) and Chase New Markets Corporation ($2.5 million) helped finance the development of a new 36,000-square-foot home for DC Central Kitchen, which is the Novogradac Journal of Tax Credits Community Development Metro QLICI of the Year. The Klein Center for Jobs and Justice includes a culinary training kitchen and production kitchen capable of producing 25,000 meals a day, cold storage, a flexible production space to host 20,000 annual volunteers and a food business accelerator program, and rentable event spaces. It has a healthy café as its entry point as the lead anchor retail tenant of a major mixed-used waterfront development.