MERCI

Monterey Park,
CA
(2015)

MERCI

Adult Education, College or Vocational Training, Community, Disability Services, Healthcare, Supportive Housing

Financing for M.E.R.C.I. for the completion of the construction of two new buildings on it’s Monterey Park campus.

Investment

NMTC Amount: $7,105,000
Total Project Cost: $12,517,216

IMPACT

30 FTE jobs
10 construction jobs
5,143 patients served

CDEs

Genesis LA CDE

Investor

Chase

Project Description

Genesis LA provided GCIF financing to M. E. R. C. I., for the completion of the construction of two new buildings on it’s Monterey Park campus. M. E. R. C. I. is a nonprofit service provider for individuals with developmental and educational disabilities. The organization provides various day activity programs for individuals, supportive housing with 24/7 on-site care, and offsite services for medically fragile clients living in private homes. The project includes new administrative offices, multi-purpose classroom, and group home. These new facilities helps M. E. R. C. I. almost double the number of clients being served.

MAP

Address: 525 North Chandler Avenue, Monterey Park, CA 91754

Census Tract: 6037481713

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