TK Gregg Community Center
Community Facility Loan
Northside Development Group has been consciously crafting redevelopment plans that allow everyone who wants to remain in the Northside Community of Spartanburg, SC living and thriving there. As part of the group’s efforts to revitalize and enhance the Northside neighborhood, the City of Spartanburg committed to building a state-of-the-art community center in hopes that it will become a hub for community building. SCCLF partnered with The Innovate Fund on this transaction, who provided a $10MM allocation. The investor was Capital One.
“This center is really about the investment in people,” said Mitch Kennedy, the Assistant City Manager of Spartanburg. “The facility is just a vehicle and not the end game. The end game for us is creating positive engagements. So, we ask questions like, ‘how do we create positive engagement opportunity that changes those outcomes for young people in this area?’ We hope to do so by offering a number of services that are directly aligned with what the community needs.”
The Dr. TK Gregg Community Center will feature two pools, a track, rooms for fitness classes, and classroom space to host community programs and events. Additionally, there will be free WiFi as well as desktop computers and tablets for community use, greatly expanding the community’s internet connectivity.
“Our city realized the importance of community building and we are so fortunate to be part of the efforts in the Northside that is committed and invested in people,” said Mitch.
In 2019, six years after our first loan in the neighborhood, we participated in the TK Gregg Community Center development with a $5MM New Markets Tax Credits allocation. That $350,000 loaned into the community in 2013, followed by the opportunity to provide large-scale financing, has presented SCCLF with a meaningful opportunity to continue to support community-led revitalization efforts in Spartanburg while also expanding our capacity to serve.