"This marks a new chapter in the Leaguers' six decades of service for the community," says Veronica Ray, executive director and CEO of the children and family services organization, in a statement. "Our new building will provide services to more than 200 Head Start students and to more than 100 children and parents in after-school programs."

Part of this city's redevelopment effort, the new building will house the group's headquarters office, along with a 22,000-sf Head Start and community services facility, commercial office space and an underground parking garage for 75 cars. Features will include seven classrooms, a secure outdoor play area, multi-purpose rooms and a media center.

The project is being financed through the Federal New Market Tax Credit. Participating organizations include Nationwide Insurance Co., a tax credit investor; Stonehenge Community Development LLC, a tax credit allocate; and Boston Community Capital, a leveraged lender. Lender consortium partners include New Jersey Community Capital, Prudential Financial's Social Investment Unit, Partners for the Common Good Inc. and TRF Reinvestment Fund.