New Markets Tax Credit Coalition

Innovative Development and Living Solutions

The new construction of an assisted living facility for the elderly.

Investment

  • NMTC Amount: $9,020,000
  • Total Project Cost: $9,877,378

IMPACT

  • 25 FTE jobs
  • 50 construction jobs
  • 188 patients served

Investor

Project Description

This project involved the new construction of an assisted living facility for the elderly. Through the new facility, the San Joaquin Valley community of Clovis is addressing a challenge shared by many others in Northern California: an increasing population of low- and moderate-income elders who need long-term care. Some elders already have Medi-Cal insurance and others spend down assets for care and become eligible for coverage. When some elders can no longer obtain this care while living at home or with family, they have very few alternatives.

MAP

Address: 32 West Sierra Avenue, Clovis, CA 93612

Census Tract: 6019005602

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