Grass Valley Courtyard Suites

NMTC financing supported an expansion of a small, boutique hotel in Grass Valley, CA.

Investment

  • NMTC Amount: $3,500,000
  • Total Project Cost: $4,500,000

IMPACT

  • 13 FTE jobs
  • 23 construction jobs

CDEs

Investor

Project Description

NMTC financing supported an expansion of a small, boutique hotel in Grass Valley, CA. The hotel was able to add 26 new rooms, plus a meeting space.

The seven buildings that compose the $2.7 million, 22,000-square-foot Grass Valley Courtyard Suites facility were overseen by Bobby Brown Construction of Grass Valley. Robert Walker of Nevada City was the architect.

This project – along with parallel efforts to bring tourism to Grass Valley – were important in bringing foot traffic back to Main Street. The project also generated 13 new FTE jobs and 23 construction jobs.

MAP

Address: 210 North Auburn Street, Grass Valley, CA 95945

Census Tract: 6057000501

Other California Projects

Genesis LA has closed $7.75 million in NMTC financing to support the Exceptional Children's Foundation expand its services into Inglewood.
Community Medical Centers, the largest and most comprehensive hospital system in California’s San Joaquin Valley, developed the Deran Koligian Ambulatory Care Center to increase medical services to surrounding underserved communities.
NMTC financing supported the construction of 27 affordable homes for the Habitat for Humanity of the OC.
This transaction financed the acquisition and development of a 68,780 sq. ft. multiple tenant commercial building located in Marysville, CA, a portion of which was renovated a […]