Central California Food Bank: Earlier this year the organization purchased a 140,000-square-foot facility to house its headquarters, distribution center, and volunteer facilities. The former beer distribution warehouse, located in South Fresno, includes a 10,000-square-foot cold storage facility, a transfer station for produce donations on behalf of other food banks, and enough space to accommodate 40 employees and more than 200 volunteers at any given time.
Meals on Wheels San Francisco (MOWSF) plans on making sure no homebound senior in the City goes hungry. The nonprofit has begun construction on a $41.5 million state-of-the-art industrial kitchen and food production facility in Bayview to replace its current kitchen which produces approximately 8,000 meals daily. The new kitchen will have the ability to produce up to 20,000 meals per day to meet the needs of the growing population of food insecure older adults 60 and older in San Francisco. That population, according to the Department of Aging and Adult Services (DAAS), will have grown by 27 percent within the next 11 years. The new kitchen is important to our community; without it, in just 2-3 years, we would cease being able to serve the most vulnerable seniors, many living on less than $900 a month,” explained Meals on Wheels San Francisco CEO and Executive Director, Ashley McCumber. “We’re seeing approximately 1,200 new older adult clients each year who are depending on us to help them age with dignity and independence in their homes. Our new kitchen and production facility will allow us to be there for thousands of seniors today, tomorrow, and for many decades to come.” Approximately 80 percent of the funds for the new kitchen have been secured through private donations and government support made during the 50th Anniversary Capital Campaign. In order to meet the project construction timeline, MOWSF secured New Markets Tax Credit (NMTC) financing which will deliver $8.1 million to the project. The San Francisco Community Investment Fund and Community Impact Partners, Community Vision CA, and Chase Bank, are supporting the build via NMTC. The San Francisco Office of Economic and Workforce Development is also supporting the expansion with a $1 million grant. The remaining $8 million of the $41.5 million project still needs to be raised through the ongoing capital campaign.
Construction of a new 345,000 SF warehouse and distribution facility in East Point, GA. The expansion is projected to increase their distribution of food to low income communities by 100%. + Construction and equipping of food bank headquarters and distribution facility serving the metro Atlanta and North Georgia region. The new facility will nearly double the space available allowing the organization to double its annual distribution within 5 years. The new facility is strategically located to improve logistics and supply chain management to meet the needs of individuals facing food insecurity in the 29 counties served.
Montana Community Development Corporation (Montana CDC) completed its first New Markets Tax Credit (NMTC) transaction in Indian Country to finance a new government administration building on the Fort Peck Reservation. The new facility will consolidate the Fort Peck Tribal Government’s offices in Poplar, making it easier for tribal members to access new and enhanced service offerings, and enabling the Tribe to hire five additional people. Collaboration between several partners brought the project to reality. Montana CDC provided $7.4 million in NMTC allocation, while U.S. Bank Community Development Corporation provided a tax credit equity investment and U.S. Bank provided a construction loan. The new building will house social, medical, employment, education, and natural resource services. The NMTC transaction also provided funds for an innovative grant program that will enhance the quality of the Tribe’s food assistance program and increase the amount of food provided to low-income residents. ‘Fort Peck’s new facility will make it easier for tribal members to access critical services that improve their quality of life and open up job opportunities. Montana succeeds when Indian Country succeeds, and I’ll keep working to make sure Montana CDC can access resources to support all of Montana’s communities,’ said U.S. Senator Jon Tester, a longtime supporter of NMTCs.
FareStart is a social enterprise in Seattle dedicated to transforming the lives of homeless men and women through job training and placement in the food service industry. Students receive job training in the food service area that generates revenue through the daily preparation and distribution of over 2,000 meals. By 2004, FareStart had outgrown the space it rented and needed a larger facility. The organization purchased a 33,000 square foot building in a severely distressed New Markets Tax Credit (NMTC)-qualified lowincome community in Seattle to expand their training, social services, and business capacity. However, they did not have the funding necessary to renovate and upgrade the facility to make it fully operational. Community Development Funding, LLC made a $17 million NMTC loan and equity investment in FareStart to renovate and upgrade their facility, transforming it into a culinary vocational training academy and restaurant. In the new facility, kitchen and classroom space will be doubled, providing for quality and safe training areas and increase in business capacity. A family resource area will provide a safe, ‘child friendly’ space for use by students who are parents of young children. The organization’s management and administrative staff will be located in the same building. The new facility provides FareStart the capacity to increase to 575 the number of people served each year and increase by 80 percent the revenue generated through the organization’s food service businesses. Selfgenerated revenues will support the majority of FareStart’s business operations growth, and hungry children and families will consume 21 million nutritious meals, prepared and delivered by FareStart. New Markets and Historic Tax Credits were combined to provide belowmarket financing with equity-like terms to make this project feasible. Conventional lenders had declined to make an investment, but with the addition of NMTCs the project was able to move forward and is now complete. The project team included Community Development Funding, LLC, US Bank Corporation, FareStart, the architectural firm of Stickney, Murphy & Romine and construction management by Sellen Construction.
Acquisition and build-out of a new 94,225 square foot warehouse facility for Northwest Harvest, the only statewide hunger relief agency in Washington.
The San Antonio Food Bank (SAFB), the 14th largest food bank in the country, serves 16 counties in Southwest Texas. The mission of SAFB is to fight hunger through food distribution, service programs, education, and advocacy. SAFB partners with more than 530 agencies to deliver food (45 million pounds in 2011) and services to 58,000 people per week. SAFB operates 34 programs in six core areas: Food Distribution, Client Services, Nutrition and Health (including operating a 5.4 acre farm), Disaster Relief, Job Training and Placement, and Social Enterprises. SAFB is the most important source of food for emergency food providers in a region, in which 19% of the residents live in poverty. When the recession hit in 2008, the demand for SAFB’s food distribution drastically increased, and it expanded food distribution from 35 million pounds in 2009. Demand is to grow to an estimated 60 million pounds in 2014, a 71% overall increase. However, SAFB’s ability to meet this growing demand is constrained by its facility and storage capacity limitations, especially for fresh and healthy food. To help meet this demand, the Texas Mezzanine Fund and National New Markets Fund provided $13 million and $14 million NMTC loans, respectively, to help finance a $28.3 million expansion project. This project will double the overall facility to 204,000 sq. ft., more than double food storage capacity, and triple the cold storage space available for healthy fresh and frozen foods. A new pavilion will be constructed for new community service programs and weekly farmer’s markets. SAFB will enhance its environmental stewardship by adding a wind turbine to supplement the existing rooftop solar panel array, triple its water catchment capacity, and incorporate gray water reuse for its farm from an adjacent food processing facility. Its pilot Workforce Development Initiative will receive designated client service space and expand staffing. The expansion project will help increase SAFB’s food distribution by 33%, including its ruralserving Mobile Pantry Program. Over the next 6-7 years, SAFB will expand its staff by an additional 105 employees, many likely filled by low-income workers.
As of early 2016, Lotus House, a nonprofit homeless services provider, served over 400 women, youth, and children annually in an undersized, functionally obsolete, and aging facility. Because of the great need for homeless services in Miami-Dade County, Lotus House was forced toturn away over 2,500 people each year. To address this need, Lotus Endowment Fund, Inc. sought to develop the Lotus Village project, a 100,000 sq. ft. comprehensive homeless services facility. Lotus Village will not only house, heal, and empower women, youth, and children, it will expand on the over 95,000 meals, 73,000 shelter bed nights, and 4,500 counseling sessions per year provided by Lotus House. Construction of the new facility required approximately $28.6 million in total development costs. Project financing includes New Markets Tax Credt (NMTC) equity, $19 million in short term debt from Bank of America, NA, and approximately $2.7 million in sponsor equity. Banc of America Community Development Corporation is the NMTC investor. ESIC New Markets Partners Limited Partnership is providing $9 million in NMTC Allocation to the project. Florida Community Loan Fund, Inc. and Banc of America CDE, LLC are also providing $13.5 million and $4 million, respectively, in NMTC allocation to the Project. This transaction was brought to Enterprise by SB Friedman Development Advisors. Thanks to the NMTC, The Lotus Village project is anticipated to be completed in March 2018, providing many community impacts that will benefit Miami-Dade County. Lotus Village is projected to generate 73 new permanent FTE jobs and will continue its efforts to hire locally, including on numerous occasions hiring clients/patients that are employment ready. The project includes 140 campus-style, living units; a children’s wellness center and daycare facility; a community health clinic; a commercial kitchen to prepare healthy food for the guests, which also serves as a classroom for training and nutrition programs; and space for the education, counseling and job training programs. Once completed, the project will serve approximately 300,000 meals annually to guests of the project and individuals in the community. The Lotus Health and Wellness Clinic will serve women and children with seven exam rooms, two dental chairs, and a room specially designed for eye care. The onsite Bright Spirit Children’s Wellness Center and daycare will serve approximately 72 infants, toddlers, and pre-school age children. Daycare services are open to homeless families at Lotus Village and members of the surrounding community. A pavilion and onsite gardens will be the location for meals and group activities and support Lotus Village’s healing mission.
New food bank and distribution center.
To meet growing demand for its services, the Missoula Food Bank on Monday, Feb. 27, 2017, closed on financing for its new $6.6 million headquarters at 1720 Wyoming St. with the help of the MoFi, First Security Bank and the New Markets Tax Credit (NMTC) Program. Using NMTCs, MoFi provided $1.4 million in funding that the Food Bank wouldn’t otherwise have received. Construction of the new headquarters wouldn’t have been possible on the same scale without NMTC funding.