New Markets Tax Credit Coalition

  • Santa Ana,
  • CA
  • (2008)

Orange County School of the Arts

District: Luis Correa (D-CA46)

NMTC financing helped Orange County High School of the Arts expand and increase enrollment.

Investment

  • NMTC Amount: $543,662
  • Total Project Cost: $1,100,500

IMPACT

  • 5 FTE jobs
  • 5 construction jobs
  • 3,156 sq. ft. of real estate

CDEs

Investor

Project Description

Orange County School of the Arts (OCSA) in Santa Ana, CA is a public charter school that offers a comprehensive academic and arts curriculum to bright and talented students grades 7 through 12. OCSA proudly serves 1,550 students through a creative, challenging, and nurturing environment. Clearinghouse CDFI provided $30 million of New Markets Tax Credit (NMTC) allocation to help Orange County High School of the Arts to: increase enrollment by 400 student spaces; expand existing programs; provide professional grade facilities for students; offer new jobs for teachers and support staff

MAP

Address: 1901 Carnegie Avenue, Santa Ana, CA 92705

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