IMod Structures

New Markets Tax Credit Coalition

Vallejo,
CA
(2019)

IMod Structures

Manufacturing

Investment

NMTC Amount: $7,000,000
Total Project Cost: $7,000,000

IMPACT

63 FTE jobs

CDEs

Enhanced Capital

Project Description

A Vallejo startup manufacturer of modular classrooms designed to be sturdy enough to relocate multiple times and stack a few stories high on April 9 announced it landed $11 million in funding. The series A round led by Goldman Sachs Urban Investment Group will help iMod Structures, formerly Intermodal Structures, finish outfitting a former Mare Island Naval Shipyard factory and ramp up staff, according to iMod co-founder Craig Severance. The company employs less than 20 now, mostly on the factory floor, but the goal is to hire 50-75 locally in the next 12 months.

MAP

Address: 251 Bagley Street, Vallejo, CA 94592

Other California Projects

Vermont & Manchester

Los Angeles,
CA
(2022)

Nonprofit Hub, Schools

CDE(s): Chase, Genesis LA CDE, Los Angeles Development Fund, TELACU

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

Adams and Central

Los Angeles,
CA
(2008)

Community, Mixed-use

CDE(s): Local Initiatives Support Corporation

Located in the Downtown/South Los Angeles area, the Adams and Central project involves the construction of a mixed-use building on the corner of Central Avenue and Adams Boulevard.

Jesus Center/Renewal Center Campus

Chico,
CA
(2022)

FQHCs, Nonprofit Hub, Shelters and Community Food

CDE(s): Accion Opportunity Fund, California Statewide Communities Development Corporation

A homeless services facility that focuses on sober sheltering and transitional housing.

Sacred Heart Community Services

San Jose,
CA
(2021)

College or Vocational Training, Shelters and Community Food

CDE(s): Partners for the Common Good, USBCDE

The NMTC financing supported the renovation of a two-story, 12,000 sq. ft. building in San Jose to provide additional space for a nonprofit's growing programs and services.