VST Development

North Hollywood,
CA
(2020)

VST Development

Business Development, Manufacturing

VST Development purchased a building that will allow VS Construction to expand its current operating facilities.

Investment

NMTC Amount: $1,031,250
Total Project Cost: $1,100,000

IMPACT

5 FTE jobs

CDEs

Local Initiatives Support Corporation

Investor

Project Description

VST Development has purchased a building that will allow VS Construction to expand its current operating facilities. With the expanded space, VS Construction will be able to improve their capabilities for fabricating cabinetry and custom fittings for projects. The property is located in a severely distressed new market tax credit zone.

MAP

Address: 7230 Hinds Avenue, North Hollywood, CA 91605

Census Tract: 6037122410

Other California Projects

Central California Food Bank 2

Fresno,
CA
(2019)

Shelters and Community Food

CDE(s): Community Vision

Central California Food Bank Scales Impact with Support from the NMTC

Coyote Valley Hotel and Wastewater

Redwood Valley,
CA
(2018)

Business Development, Community, Rural, Targeted Populations, Waste Management, Water Management

CDE(s): Travois

NMTC financing supported the Coyote Valley Hotel and Wastewater project.

Jesus Center/Renewal Center Campus

Chico,
CA
(2022)

FQHCs, Nonprofit Hub, Shelters and Community Food

CDE(s): Accion Opportunity Fund, California Statewide Communities Development Corporation

A homeless services facility that focuses on sober sheltering and transitional housing.

RGD Construction

Hawthorne,
CA
(2020)

Professional Services, Retail and Commercial

CDE(s): Local Initiatives Support Corporation

NMTC financing supported the RGD Construction project.