Vallarta Van Nuys Supermarket

New Markets Tax Credit Coalition

Van Nuys,
CA
(2020)

Vallarta Van Nuys Supermarket

Adult Education, College or Vocational Training, Community, Grocery and Fresh Food, Historic Rehabilitation, Retail, Retail and Commercial

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.

Investment

NMTC Amount: $35,000,000
Total Project Cost: $37,190,744

IMPACT

227 FTE jobs
30 construction jobs
The project is projected to serve an estimated 2,500 clients/day and an estimated 20,000 unique clients in a given year.
40,000 sq. ft. of real estate

CDEs

Local Initiatives Support Corporation, Los Angeles Development Fund, TELACU

Investor

Chase

Project Description

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.

MAP

Address: 16040 Sherman Way, Van Nuys, CA 91406

Census Tract: 6037127604

Other California Projects

Ednovate East College Prep

Los Angeles,
CA
(2018)

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

CDE(s): Civic Builders, Low Income Investment Fund, USBCDE

A Charter Management Organization designed and developed by the USC Rossier School of Education in 2012 to close the graduation gap for high-need students in Los Angeles.

Family Health Centers El Cerrito

San Diego,
CA
(2021)

Behavioral Health, Community, FQHCs

CDE(s): Civic Community Partners

The project will include a podium with subterranean and above-ground parking, and a 23,000 sq. ft. integrated health and physical rehabilitation clinic.

Habitat for Humanity of Orange County, Inc.

San Juan Capistrano,
CA
(2010)

Affordable Housing

CDE(s): Clearinghouse CDFI

NMTC financing supported the construction of 27 affordable homes for the Habitat for Humanity of the OC.

Elica Health Center

North Highlands,
CA
(2022)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): California Statewide Communities Development Corporation

The Project consists of the development of a 20,000 sq. ft. relocation/expansion of Elica’s existing North Highlands Center.