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

Jackie Robinson Family YMCA

San Diego,
CA
(2023)

YMCAs and YWCAs

CDE(s): Civic Community Partners

CCP provided $7 million to allocation to reimburse borrower for construction costs in connection with a new aquatic facility for a YMCA financed with NMTCs in 2016. The original three-lane

Union Rescue Mission

Los Angeles,
CA
(2020)

Community, Daycare and Early Childhood, Dental Services, Healthcare, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund, Wells Fargo

With homelessness in Los Angeles continuing to rise at alarming rates, community development financial institution Genesis LA partnered with service provider Union Rescue Mission to construct a new 74,866 square

Educare San Jose

San Jose,
CA
(2014)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Accion Opportunity Fund

ECSV is a collaborative project among 16 public institutions and private groups who provided financial support for an early childhood education facility

San Ysidro Health

National City,
CA
(2022)

FQHCs

CDE(s): USBCDE

This investment will finance the construction of a new 44,000 sq. ft. health center in National City, CA in the San Diego region. The project will include 2 levels of