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Developments > Wakeman Boys & Girls Club

Wakeman Boys & Girls Club

Project at a Glance:
Development Type:
Project Type:
New construction
MHIC Financing:
$800,000 in debt financing, $7,178,000 in NMTC financing
Wakeman Memorial Assoc., Inc.

The Wakeman Memorial Association, which operates the Boys & Girls Club of Southport, Connecticut, has built a new, 28,000 square foot clubhouse to serve an estimated 2,500 children in inner-city Bridgeport. Called the Smilow-Burroughs Clubhouse, it is the first facility of its kind in the west-end neighborhood of Bridgeport. This project has received tremendous community and public support and is a significant component of the regional and local economic development and community revitalization strategy encompassing the area between Stamford and Bridgeport. The Boys & Girls Club will meet currently unmet social program needs of Bridgeport’s disadvantaged youth. At least six new full-time permanent jobs will be added to the facility. MHIC provided a New Markets Tax Credit investment of $7.2 million with TD Bank as the sole investor.