Pasadena, CA (2020)

Lincoln and Orange Grove

The construction of a 67,732 sq. ft. four-story mixed-use project in Pasadena, California that includes 22 low-income, 13 moderate-income, and 11 workforce housing units, 6,167 SF of commercial space, 3,850 SF of office space, and a 380 SF community room.

Investment

  • NMTC Amount: $12,500,000
  • Total Project Cost: $37,771,673

IMPACT

  • 25 FTE jobs
  • 142 construction jobs
  • 67,732 sq. ft. of real estate

Investor

Project Description

This transaction will finance the construction of a 67,732 sq. ft. four-story mixed-use project in Pasadena, California that will include 22 low-income, 13 moderate-income, and 11 workforce housing units, 6,167 sq. ft. of commercial space, 3,850 sq. ft. of office space, a 380 sq. ft. community room, and 138 subterranean parking spaces. Low-income, moderate-income, and workforce units are available to buyers earning up to 80%, up to 120%, and up to 150% of the area median income, respectively.

MAP

Address: 745 North Orange Grove Boulevard, Pasadena, CA 91103

Census Tract: 6037461600

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Richmond, (2017)