Vallarta Van Nuys Supermarket (2020)

Van Nuys, CA

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NMTC Amount: $35,000,000

Est. Total Project Cost: $37,190,744

COMMUNITY IMPACT

Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq. ft. vibrant Vallarta Grocery store offering a significant amount of healthy food products. The store will create approximately 280 direct livable wage permanent jobs, which will be filled predominately by bilingual and low income persons largely from the surrounding severely distressed community. The new grocery store is located in a designated ERS/USDA Food Desert and will serve an estimated 2,500 clients/day and an estimated 20,000 unique clients in a given year.

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