ICCF

ICCF

Some visions come from very unlikely places.  For the Executive Director of the Inter City Christian Federation the vision of restoring the century old D.A. Blodgett Home for Children came from a 1906 postcard showing the building in its original beauty.  Thus began a long journey toward providing the clients of ICCF with a new home that offered both beauty and efficiency.

MAI was engaged initially to perform a feasibility study to gauge the community’s willingness to support a nearly $10 million capital project to acquire the property and bring it back to its original state.  The study uncovered some challenges to the project presented and reported a philanthropic goal well short of the funds necessary to complete the project.  However, MAI suggested a funding equation that would cover the anticipated costs that included philanthropic support, agency equity, and the creative use of tax credits.

In the ensuing campaign directed by MAI, a LLC was developed with ICCF that captured over $3 million of brownfield, historic, and new market tax credits that complemented a successful campaign.  Some of the land purchased with the building was later sold for neighborhood development.  This development, along with the restoration of the ICCF building, acted as a catalyst for further investment in the neighborhood.  Now, this iconic structure sits amidst a vibrant neighborhood providing ICCF’s client families a bit of beauty as they pursue the dream of home ownership.