New Markets Tax Credit Coalition

Search

Merced Rescue Mission: Village of Hope Phase 1

Phase 1 of the Village of Hope involved construction of four buildings to provide medical respite for homeless residents and apartment buildings for homeless veterans and homeless families.

Investment

  • NMTC Amount: $4,000,000
  • Total Project Cost: $8,600,000

IMPACT

  • 24 FTE jobs
  • 52 construction jobs
  • 32 beds for individuals discharged from the hospital, shared bathrooms, shared laundry facilities, resident lounges, a commercial kitchen, communal dining area, sobering rooms, a clinic, office and administrative space, conference rooms, and common rooms.

Investor

Project Description

Named a 2020 California Nonprofit of the Year, Merced Rescue Mission serves individuals in Merced County who are homeless, have been incarcerated, or are imprisoned by addiction, at over 20 locations. Phase 1 of the Village of Hope involves construction of four buildings to provide medical respite for homeless residents and apartment buildings for homeless veterans and homeless families. One building will provide 32 beds for individuals discharged from the hospital, shared bathrooms, shared laundry facilities, resident lounges, a commercial kitchen, communal dining area, sobering rooms, a clinic, office and administrative space, conference rooms, and common rooms. A second building will have 10 beds for veterans, shared laundry facilities, resident lounge, private bathrooms, private bathing facilities, and a cooking area. The third building will have 10 beds for families, shared laundry facilities, resident lounge, private bathrooms, and a cooking area. A fourth building will have a workshop and storage space. An onsite clinic will provide healthcare services for residents and the local low-income community. New Markets Tax Credits are financing $1.2 million of the $8.6 million Phase 1 project. A future Phase 2 is expected to add four more buildings with 72 beds to the Village of Hope.

MAP

Address: 644 West 20th Street, Merced, CA 95340

Census Tract: 6047001301

Other California Projects

The new construction of a YMCA health and fitness center (approximately 29,000 square feet) in the Koreatown neighborhood of the Wilshire Center District, a low-income community within the City of
NMTC financing helped support expanded counseling, substance abuse and other health service programs to tens of thousands of low-income residents.
NMTC financing supported the construction of 27 affordable homes for the Habitat for Humanity of the OC.
NMTC financing helped the Shasta Community Health Center to fund Phase III of an expansion project for SCHC’s main medical facility in Redding, California.