Lighthouse for Children

New Markets Tax Credit Coalition

Fresno,
CA
(2013)

Lighthouse for Children

Community, Daycare and Early Childhood, Youth and Families

The 44,000-sq. ft. Lighthouse for Children project created a new 15,000 sq. ft. child care center, 10,000 outdoor play space, 10,000 sq. ft. community learning center, 7,500 sq. ft. of professional office space for nonprofit service providers

Investment

NMTC Amount: $15,714,000
Total Project Cost: $16,283,420

IMPACT

30 FTE jobs
89 construction jobs
84 children served.
15,000 sq. ft. of real estate

CDEs

Central Valley NMTC, Low Income Investment Fund

Investor

Chase

Project Description

Since its inception, First Five Fresno County has invested more than $200 million in local programs that provide direct services to young children and their families. These investments support high quality preventative health, early learning, and family support services that help give children the best possible start in life. An integral part of FSFC’s long-term strategic plan, the 44,000-sq. ft. Lighthouse for Children project created a new 15,000 sq. ft. child care center, 10,000 outdoor play space, 10,000 sq. ft. community learning center, 7,500 sq. ft. of professional office space for nonprofit service providers and 6,700 sq. ft. of F5FC administrative offices. Central Valley NMTC financing proceeds were used for construction, FF and E, and a 500 kw photo-voltaic system.

MAP

Address: 2405 Tulare Street, Fresno, CA 93721

Census Tract: 6019000600

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