New Markets Tax Credit Coalition

Search

Ednovate USC Hybrid High

Development of a 460-seat charter high school.

Investment

  • NMTC Amount: $15,675,000
  • Total Project Cost: $17,700,000

IMPACT

  • 36 FTE jobs
  • 34,500 sq. ft. of real estate

Investor

Project Description

Development of a 460-seat charter high school: Established by the USC Rossier School of Education in 2012, USC Hybrid High College Prep, Ednovate with USC Rossier has for six years operated out of downtown Los Angeles in a space that was always meant to be temporary. Thanks in part to NMTC financing, the school now has a permanent home in a newly constructed building. Open space permeates 29,000 sq. ft. of instructional space, with giant glass windows looking out on the Los Angeles Memorial Coliseum across the street. On the second floor, another 5,500 sq. ft. of outdoor space serves as both a recreational area and cafeteria.

MAP

Address: 3929-3937 South Vermont Avenue, Los Angeles, CA 90037

Census Tract: 6037231220

Other California Projects

Located at the Northeast corner of Vermont and Manchester in South Central Los Angeles, Evermont (Vermont and Manchester) is a transformational, 160,000 sq. ft., mixed-use development that will directly address

The acquisition and renovation of a 48,000 sq. ft. building in the heart of San Francisco.
$9,568,778 in low-interest financing to help renovate one of the largest providers of homeless housing and services in the Santa Barbara area – the Santa Barbara Rescue Mission.
Development of a retail and office center that includes offices for healthcare practitioners.