New Markets Tax Credit Coalition

Fresno Rescue Mission 2.0

Investment

  • NMTC Amount: $15,500,000
  • Total Project Cost: $21,030,846

IMPACT

  • 106 FTE jobs
  • 117 construction jobs
  • 67 jobs created and 39 jobs retained.
  • 77,985 sq. ft. of real estate

CDEs

,

Investor

Project Description

Phase II includes the new construction of City Center’s residential building which will provide transitory housing for families in a crisis in addition to a youth center. Phase II will also include the rehab of an existing building into a Federally Qualified Health Clinic (“FQHC”) that will be operated by Family HealthCare Network. Limited renovations to a warehouse and plant services building that supplies utility and mechanical needs to the campus will also be included in the scope of work. The site will also include outdoor recreation facilities and courtyards with play areas. Lastly, phase II includes rehab work related to the Wawona Building, a portion of which was completed outside of the project’s budget and is currently subleased with three separate 3rd-party tenants.

MAP

Address: 2017 E Dakota Ave + 3845 N. Clark St., Frenso, CA 93726

Census Tract: 6019005100

Other California Projects

NMTC financing supported the construction of 27 affordable homes for the Habitat for Humanity of the OC.
The construction of a office building for Maxima Products, a manufacturer of high quality and economical Heavy Duty Mobile Column Lifts ranging from 16,500 lbs–18,500 lbs lifting capacity per column.
Financing for The San Ysidro Health Center, a leading provider of quality healthcare for low-income people.
June 1st, 2019 marked the official opening of Community Foods Market at 3105 San Pablo Avenue in West Oakland.