Summit Grove

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

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Oceano,
CA
(2016)

Community, FQHCs, Healthcare

CDE(s): Low Income Investment Fund, USBCDE

The facility is a primary care health clinic serving seasonal and migrant farm workers residing in the southern part of the San Luis Obispo County.

Orange County School of the Arts

Santa Ana,
CA
(2008)

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CDE(s): Clearinghouse CDFI

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

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San Diego,
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(2023)

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Vallarta Food Enterprises

Pasadena,
Ca
(2017)

Grocery and Fresh Food, HFFI, Retail, Retail and Commercial

CDE(s): TELACU

Vallarta Supermarket, a Latino owned and controlled company acquired the lease of a 49,870 sq. ft. former Vons Grocery in a severely distressed low-income community in Pasadena, CA.