Canal Alliance

Investment

  • NMTC Amount: $13,500,000
  • Total Project Cost: $16,213,264

IMPACT

  • 104 FTE jobs
  • 3 construction jobs
  • 3 jobs created and 101 jobs retained.
  • 29,724 sq. ft. of real estate

Investor

Project Description

Acquisition and rehabilitation of the former Grand Marina Building to serve as the organization’s new headquarters and key service location. Rehab of an existing two-story building on approximately one acre of land. The renovations will consist of a separation of the Marina and Bay Buildings, allowing for separation of Canal Alliance’s operation and that of the existing tenants. Tenants will be at below market-rate and include, Marin County Transit District, American Reporting Services a litigation support provider, and Marin Pacific Company an Insurance agency.

MAP

Address: 711 Grand Avenue, San Rafael, CA 94901

Census Tract: 6041110100

Other California Projects

The San Francisco YMCA in secured $5M in NMTC financing for the redevelopment of the Bayview YMCA in the Bayview district of San Francisco in 2008.

Strategies for Change is dedicated to provideing substance abuse and co-occurring mental health services for youth and adults. Services include day treatment, intensive outpatient and outpatient programs. Strategies for Change

Thanks to NMTC financing, the Central California Food Bank purchased a 140,000-sq. ft. facility to house its headquarters, distribution center, and volunteer facilities.
New community health facilities for two health care professional underserved communities of Sanger and Fowler