Habitat for Humanity East Bay/Silicon Valley

New Markets Tax Credit Coalition

Oakland,
CA
(2010)

Habitat for Humanity East Bay/Silicon Valley

Affordable Housing

NMTC financing supported the construction of 50 affordable homes for Habitat for Humanity, East Bay/Oakland. The project also provided housing counseling.

Investment

NMTC Amount: $6,875,958
Total Project Cost: $6,875,958

IMPACT

44 FTE jobs
44 construction jobs
Construction of 50 affordable homes.

CDEs

Clearinghouse CDFI

Investor

Wells Fargo

Voices from the Community

Due to the NMTC deals, we are able to build affordable homes in our community for home-ownership which in turn builds more opportunities and stable communities for all involved.

-Christine Chu, Controller, Habitat for Humanity EBSV, Oakland, California

Leveraging the NMTC means that we are able to serve more low income families in need of a safe and affordable home.

-Janice Jensen, Habitat for Humanity East Bay/Silicon Valley, Oakland, California

Project Description

NMTC financing supported the construction of 50 affordable homes for Habitat for Humanity, East Bay/Oakland. The project also provided housing counseling.