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Chinatown YMCA

San Francisco, CA (2007)

San Francisco YMCA in secured $17.5M in NMTC financing for the redevelopment of the historic Chinatown YMCA in downtown San Francisco.

COMMUNITY IMPACT
  • 28 FTE jobs
  • 60 construction jobs
FINANCING SOURCES
  • NMTC amount: $15,925,000
  • Total Project Costs: $19,778,728
  • CDE:
PROJECT LOCATION

855 Sacramento Street

San Francisco, CA 94108

Project Description

San Francisco YMCA in secured $17.5 million in NMTC financing for the redevelopment of the historic Chinatown YMCA in downtown San Francisco. The YMCA advances education achievement for youth and provides recreational activities for the low-income community. The funding leveraged the existing building value, prior costs incurred over several years of redevelopment planning and capital campaign funds to maximize the net value of the NMTC equity. Funding occurred in January 2008 and the project was completed in 2010.