Food Bank of the Rockies - Green Valley Ranch in Aurora, CO

Aurora,
Colorado
(2024)

Food Bank of the Rockies – Green Valley Ranch in Aurora, CO

Shelters and Community Food

Investment

NMTC Amount: $55,500,000
Total Project Cost: $77,004,652

IMPACT

179 FTE jobs
128 construction jobs
27 jobs created and 152 jobs retained. New refrigeration space will increase by 318% allowing for greater distribution of fresh produce, and increased support to growing number of partners. By 2028, the food bank anticipates an annual distribution of 96.1
109,000 sq. ft. of real estate

CDEs

Capital One, Colorado Enterprise Fund, Colorado Growth and Revitalization Fund, National Impact Fund, Rural Development Partners

Investor

Capital One

Project Description

NMTCs helped finance the construction of a new facility in Aurora, CO. The new distribution center will increase capacity of food storage and production by 109,000 SF to better support program expansion to rural communities. Pantry sites will be established at 20 additional schools in underserved rural areas, with the potential to engage over 100+ new rural partners by 2028. NMTCs were a key funding source addressing critical needs of the region, particularly in light of rising inflation. Without NMTC financing, the expansion would be significantly delayed or scaled back limiting the ability to address food insecurity. In addition to creating jobs, the new facility will enable increased farmer sourcing and quadruple the capacity for volunteer operations pivotal to the Food Bank’s mission.

MAP

Address: 20600 East 38th Avenue, Aurora, Colorado 80011

Open Cities Healthcare

St. Paul,
MN
(2016)

Community, FQHCs, Healthcare

CDE(s): University Financial Corp.

Recognizing the need to expand services along the Rice Street corridor, OCHC purchased a building at 916 Rice and has renovated and opened its second clinic.

Jake’s ONC LLC

Burlington,
VT
(2019)

Grocery and Fresh Food, Mixed-use and Commercial, Retail

CDE(s): Mascoma Community Development

The acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring a locally owned grocery store to Burlington’s Old North End, a distressed community.