Summit Grove

New Markets Tax Credit Coalition

Pasadena,
CA
(2016)

Summit Grove

Community, Housing

NMTC financing for the construction of 21 affordable homeownership units that replaced a nuisance liquor store at a blighted intersection in Pasadena.

Investment

NMTC Amount: $8,360,000
Total Project Cost: $12,249,563

IMPACT

34 FTE jobs
140 construction jobs

CDEs

Chase, Genesis LA CDE

Investor

Chase

Project Description

Genesis LA provide NMTC financing for the construction of 21 affordable homeownership units that replaced a nuisance liquor store at a blighted intersection in Pasadena.

The property includes communal outdoor space; Tall ceilings and large windows; Private balconies; Close proximity to Old Town Pasadena; Secure parking garage

MAP

Address: 104-124 East Orange Grove Boulevard and 677 North Summit Avenue, Pasadena, CA 91103

Census Tract: 6037461901

Other California Projects

Adams and Central

Los Angeles,
CA
(2008)

Community, Mixed-use

CDE(s): Local Initiatives Support Corporation

Located in the Downtown/South Los Angeles area, the Adams and Central project involves the construction of a mixed-use building on the corner of Central Avenue and Adams Boulevard.