The Greater Kansas City Local Initiatives Support Corporation will provide $14.1 million of New Markets Tax Credits into the new Children's Campus of Kansas City facility.

The official deal was closed last weak and it's the first time LISC has used the New Markets Tax Credits for a local project.

 “We are pleased to play an important role in bringing the Children’s Campus to Downtown Kansas City, Kan., which is a focus area for Greater Kansas City LISC," said Julie Porter, Executive Director of Greater Kansas City LISC. "The New Markets Tax Credits make it possible for this new centralized site of critical children’s services to be completed and at the same time reward donors for their support."

The Children's Campus is currently under construction at the corner of 5th and Minnesota Avenue. The campus will be 72,000 square feet in size.

The New Market Tax Credits offers taxpayers a credit against income taxes in return for equity investments in community development. It's authorized by the U.S. Treasury Department.

Over 200 jobs will be created or maintained at the Children's Campus once it opens.

Construction of the new Children's Museum of Kansas City building on 5th and Minnesota has made significant process in 2009.

The three-story, 81,000 square feet facility will house early childhood education services, family support services and health, oral health and mental health services for young children and their families in Kansas City, Kan., and Wyandotte County.