City First Announces New Markets Tax Credit Financing

City First Bank of D.C.
Monday, January 4, 2016

City First Bank of D.C.'s New Markets Credit Fund is helping finance several new projects in D.C. and beyond. Among the newly announced projects was the $10 million expansion of Achievement Preparatory Academy's Washington, D.C. campus. The school will build a new 45,000 square foot addition to its existing campus in a community where there are no other quality public education options. Achievement Prep schools have been recognized for their immediate impact in closing the achievement gap between low-income and affluent students in Washington, DC. The expansion will create 300 additional quality school seats, 14 new teaching positions, four mental health positions and retain 74 permanent jobs.