Spring 2015 | Issue 17
Welcome to In the Community
Redevelopment is essential when community assets such as libraries, schools or housing developments age and become obsolete. Blending green, energy-efficient features into redevelopment initiatives can help ensure the sustainability of both a project and a community.
We’re pleased to share with you the latest issue of the In the Community newsletter, which highlights many of the projects and initiatives that Chase supports in communities across the country. In this issue, we feature efforts that:
- Revitalize community assets
- Create and support affordable housing opportunities
- Expand educational opportunities for students
- Enhance and support small businesses
We hope you’re inspired by these projects, and we thank you for your ongoing partnership and feedback.
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Repurposing with a Community Focus
The Haydon Burns Library in Jacksonville, Florida—known affectionately as “The People’s Library”—will soon get a new life. When the building reopens later this year, it will be known as the Jesse Ball duPont Center and will help foster collaboration and growth among local nonprofits. Built in 1965, this distinctive local landmark had been vacant for 10 years after being replaced by a new downtown library. Several attempts to redevelop the building known for its unique architectural features faltered during the recent economic downturn.
In 2013, the national Jesse Ball duPont Fund purchased the library and sparked its redevelopment, which Chase supported with a $7.8 million New Markets Tax Credit investment. The Jesse Ball duPont Center will include office space for local nonprofits at reduced rents and operating costs as well as create programmatic synergies between nonprofits to advance development in the surrounding community. Chase has provided funding support to some of the nonprofits that will soon call the new space home, such as the United Way of Northeast Florida, Family Foundations and the Nonprofit Center of Northeast Florida. Together, these organizations will continue to address poverty, financial literacy, access to credit and youth education in low-income communities.
A street-level café, a green roof and a garden will also be open to the public when the Center opens later this year. The Center’s redevelopment will follow the U.S. Green Building Council requirements to become LEED (Leadership in Energy & Environmental Design) certified.
The Jessie Ball duPont Fund, a national foundation, works to expand access and create opportunity by investing in people, organizations and communities