TxCDC and Waveland Community Development Allocate $31 Million in New Markets Tax Credits to University of the Incarnate Word’s School of Optometry

The University of the Incarnate Word received $31 million in New Markets Tax Credits provided by TxCDC and Waveland Community Development that were used along with donations to buy and renovate the School of Optometry’s facility on Datapoint Drive and to purchase equipment. Today the school contains two large lecture halls, academic and clinical research laboratories, a school library, break-out/study rooms, conference rooms, a bookstore and an examination hall. Another 15,000 square feet is occupied by a Vision and Eye Care Clinic that is equipped with state of the art instruments and technology in order to provide critical eye care services to minority and low-income San Antonio residents. The Vision and Eye Care Clinic at full capacity will serve up to 30,000 patients annually. In addition, the School of Optometry will contribute an additional 150 jobs to the San Antonio area during the next few years.

A special thanks to Capital One for participating in this transaction.