Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Wash Cycle Laundry

Wash Cycle Laundry

Project at a Glance:
Development Type:
MHIC Financing:
$1,476,361 in debt financing, $2,570,000 in NMTC financing
Wash Cycle Laundry

The Sponsor will renovate and equip leased space to operate a commercial laundry business and social enterprise that employs ex-offenders and other hard to employ individuals. Up to 71 new jobs will be created. The sponsor will work with The Neighborhood Developers and Roca, Inc. to recruit, screen, train and provide supportive services for employees.