YMCA Supportive Housing

Escondido,
CA
(2020)

YMCA Supportive Housing

Community, Daycare and Early Childhood, Housing, Recreation, Supportive Housing, YMCAs and YWCAs, Youth and Families

The NMTCS investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido.

Investment

NMTC Amount: $6,700,000
Total Project Cost: $7,826,020

IMPACT

8 FTE jobs
9 construction jobs
Provides counseling and skills training to 44 Transition Age Youth (ages 18-26) with histories of trauma, child-welfare, poverty, juvenile justice, adverse childhood experiences, abuse, loss, etc.
19,005 sq. ft. of real estate

CDEs

Civic Community Partners

Investor

PNC

Project Description

The New Markets Tax Credits investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido. The property will expand the YMCAs existing Transitional Housing & Youth Development program and streamline the YMCAs efforts aimed to end youth homelessness. The complex includes 25 units, each with 2 bedrooms and 2 bathrooms and approximately 930 sq. ft. of living space. In total, the project will serve 46 vulnerable, low-income youth at any given point in time during the year along with two staff member units.

MAP

Address: 711 West Lincoln Avenue, Escondido, CA 92026

Census Tract: 6073020308

News Stories

Escondido Apartment Complex Renovated As Home for Teens and Young Adults

Other California Projects

Bob Rick, Inc.

North Hollywood,
CA
(2012)

Business Development, Manufacturing, Plastics and Chemicals

CDE(s): Bethany Square, Los Angeles Development Fund

The new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

Community Foods

Oakland,
CA
(2018)

Grocery and Fresh Food

CDE(s): Community Vision

June 1st, 2019 marked the official opening of Community Foods Market at 3105 San Pablo Avenue in West Oakland.

Martin Luther King Jr. Community Hospital

Los Angeles,
CA
(2020)

Community, COVID-19, Disaster Recovery, Healthcare, Hospitals and Emergency Services

CDE(s): USBCDE

This transaction will finance working capital for the Martin Luther King Jr. Community Hospital located in South Central Los Angeles, California.

Ampla Health Yuba

Yuba City,
CA
(2023)

FQHCs

CDE(s): California Statewide Communities Development Corporation, Central States Development Partners, Clearinghouse CDFI

Transforming Healthcare Access: How New Markets Tax Credits Powered Ampla Health’s Expansion