Sacred Heart Community Services

San Jose,
CA
(2021)

Sacred Heart Community Services

College or Vocational Training, Shelters and Community Food

The NMTC financing supported the renovation of a two-story, 12,000 sq. ft. building in San Jose to provide additional space for a nonprofit's growing programs and services.

Investment

NMTC Amount: $9,500,000
Total Project Cost: $9,772,506

IMPACT

114 FTE jobs
10 construction jobs
180,000 meals served per year, 40,000 total people served
12,000 sq. ft. of real estate

CDEs

Partners for the Common Good, USBCDE

Investor

US Bank

Project Description

The NMTC financing will allow for acquisition and renovation of a two-story, 12,000 sq. ft. building in San Jose to provide critically-needed additional space to support the nonprofit’s growing programs and services.

The building is located one mile from Sacred Heart’s existing headquarters in San Jose. The renovated building will house approximately 65 staff and will include 11 meeting rooms, along with space for community meetings and trainings. The renovation will also include installation of an elevator for accessibility to the second floor.

MAP

Address: 550 South First Street, San Jose, CA 95113

Other California Projects

Community Health Centers of the Central Coast Healthcare Clinic

Lompoc, Paso Robles,
CA
(2018)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Accion Opportunity Fund, Primary Care Development Corporation

The construction of a new federally qualified health center, a 27,500 S. F. facility in Lompoc, CA to replace an aging facility, and the renovation of a 21,300 S. F.

Bob Rick, Inc.

North Hollywood,
CA
(2012)

Business Development, Manufacturing, Plastics and Chemicals

CDE(s): Bethany Square, Los Angeles Development Fund

The new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

Healthy California

Hollister,
CA
(2006)

Community, Daycare and Early Childhood, FQHCs, Healthcare, Youth and Families

CDE(s): Impact Community Capital CDE

Impact Community Capital LLC, dedicated $16.3M in NMTCs to capitalize the Healthy California initiative.

Shasta Community Health Center (Redding)

Redding,
CA
(2014)

Community, Healthcare

CDE(s): California Statewide Communities Development Corporation, Low Income Investment Fund

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.