Community Music Center Richmond Branch

New Markets Tax Credit Coalition

San Francisco,
CA
(2020)

Community Music Center Richmond Branch

Community, Daycare and Early Childhood, Youth and Families

Working capital for the Community Music Center, a nonprofit arts education organization, enabling it to continue to provide music education to approximately 5,000 local youth, young adults, adults and seniors.

Investment

NMTC Amount: $2,000,000
Total Project Cost: $2,000,000

IMPACT

6 FTE jobs
5000 youth served annually with tuition assistance to 2950 youths

CDEs

San Francisco Community Investment Fund

Investor

Chase

Project Description

Provides working capital to the Community Music Center, a nonprofit arts education organization, enabling it to continue to provide music education to approximately 5,000 local youth, young adults, adults and seniors. This includes providing tuition assistance to approximately 2,950 low-income students and financing the purchase of an adjacent parcel for future expansion.

MAP

Address: 741 30th Avenue, San Francisco, CA 94121

Census Tract: 6075047801

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