New Markets Tax Credit Coalition

  • Richmond,
  • CA
  • (2011)

Richmond Oil House/Rosie the Riveter Visitor Center

District: John Garamendi (D-CA08)

Investment

  • NMTC Amount: $22,009,127
  • Total Project Cost: $98,028,065

IMPACT

  • 489 FTE jobs
  • 504 construction jobs
  • 270,000 sq. ft. of real estate

CDEs

Investor

Project Description

NMTC and HTC financing for Rosie the Riveter visitor center to be operated by the National Park Service at the historic Ford Plant at Point Richmond. The Visitor Center embraces and celebrates the history of Richmond and advances cultural education. ECB worked with project developer, Orton Development Inc., to structure The project funding. Bank of America provided the NMTC allocation and served as the investor for both the NMTC and HTC. Funding closed in March 2011, securing $6.8 million in NMTC allocation.

External Profile

MAP

Address: 1415 Harbour Way South, Richmond, CA 94804

Census Tract: 6013380000

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