Latino Network's La Plaza Esperanza

New Markets Tax Credit Coalition

Portland,
OR
(2023)

Latino Network’s La Plaza Esperanza

Healthcare, Nonprofit Hub

The La Plaza Esperanza project, is the new construction of an 18,000 sq. ft. community center. The project is located in the poorest area of Multnomah County, the Rockwood neighborhood. The project will allow Latino Network to expand its reach including expanded culturally-specific early learning programs with a new preschool, expanded program hub for youth and families offering wraparound support services, youth development, academic support with a new drop-in center, and new flexible, multi-purpose spaces for events and the delivery of community wide programs focused on mental health and wellness, digital literacy, and financial stability.

Investment

NMTC Amount: $21,000,000
Total Project Cost: $21,443,086

IMPACT

67 FTE jobs
49 construction jobs
39 jobs created and 28 jobs retained.
20,255 sq. ft. of real estate

CDEs

PNC, Raza Development Fund

Investor

PNC

Project Description

The La Plaza Esperanza project, is the new construction of an 18,000 sq. ft. community center. The project is located in the poorest area of Multnomah County, the Rockwood neighborhood. The project will allow the organization to expand its reach including expanded culturally-specific early learning programs with a new preschool, expanded program hub for youth and families offering wraparound support services, youth development, academic support with a new drop-in center, and new flexible, multi-purpose spaces for events and the delivery of community wide programs focused on mental health and wellness, digital literacy, and financial stability.

MAP

Address: 312 Southeast 165th Avenue, Portland, OR 97233

Census Tract: 41051009606

Other Oregon Projects

Union Gospel Mission of Salem

Salem,
OR
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Healthcare, Shelters and Community Food

CDE(s): Accion Opportunity Fund

NMTC financing for Union Gospel Mission of Salem, the largest provider of meals and shelter for the homeless in the Salem, Oregon metro area.

Integrated 3D

The Dalles,
OR
(2014)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital

Integrated 3D is focused on the industrial production of 3D and advanced manufacturing technologies.

Smiths Block

Portland,
OR
(2006)

Business Development, Office, Retail

CDE(s): United Fund Advisors

A cast-iron era treasure is preserved in Portland’s historic waterfront district.

Fry Foods

Ontario,
OR
(2015)

Business Development, Food Manufacturing, Manufacturing, Retail, Rural

CDE(s): Capital One, Ecotrust, Enhanced Capital, National Community Investment Fund

NMTC financing for food manufacturer, Fry Foods, for the acquisition, rehabilitation and operation of a shuttered onion-processing facility in Ontario, Oregon.