New Market Tax Credit Program
Thurgood Marshall Academy
Thurgood Marshall Academy (TMA) is a charter public high school
in a low-income Southeast Washington, D.C. neighborhood that also
suffers from very low graduation rates. Despite TMA's short
operating history, CSDC's NMTCs helped TMA qualify for $14 million
in financing to renovate a vacant and deteriorating district school
facility in historic Anacostia and reduce its debt service to
correlate to its cash flow.
Even though 70% of Thurgood Marshall students start high school
at a fifth-grade reading level, 100% of its first five graduating
classes have been accepted to college.