MERCI

Monterey Park,
CA
(2015)

MERCI

Adult Education, College or Vocational Training, Community, 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

Other California Projects

Western Rivers Conservancy Salmon Fishery Preserve and Yurok Tribal Community Forest, Phase III

Klamath,
CA
(2014)

Timber and Agriculture

CDE(s): Accion Opportunity Fund

Nonprofit purchase and tribal renovation of polluted river and clear cut forest. After a 10-year effort the Yurok Tribe, Western Rivers Conservancy, Opportunity Fund, and U.S. Bancorp Community Development Corporation,

Family Health Centers of San Diego

El Cajon,
CA
(2017)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Primary Care Development Corporation

Financing to support Family Health Centers of San Diego’s construction of a new, comprehensive care center in the city of El Cajon.

Community Music Center Richmond Branch

San Francisco,
CA
(2020)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): San Francisco Community Investment Fund

Working capital for the Community Music Center, a nonprofit arts education organization, enabling it to continue to provide music education to approximately 5,000 local youth, young adults, adults and seniors.

Worthington Square Mixed-Use

Imperial,
CA
(2015)

Affordable Housing, Community, Mixed-use, Mixed-use and Commercial, Retail

CDE(s): California Statewide Communities Development Corporation

Mixed-use development featuring community-oriented retail and housing space for local residents.