Worthington Square Mixed-Use

Mixed-use development featuring community-oriented retail and housing space for local residents.

Investment

  • NMTC Amount: $11,640,000
  • Total Project Cost: $12,000,000

IMPACT

  • 48 FTE jobs
  • 79 construction jobs
  • 11,000 sq. ft. of real estate

Investor

Project Description

Mixed-use development featuring community-oriented retail and housing space for local residents. This will finance new construction of a mixed-use development with 48 units of market rate and affordable housing and 11,000 sq. ft. of commercial and community facility space offering retail opportunities and the creation of dozens of new jobs, as well as enrichment programs, skills training and services for children and adults. The Project is the “signature” development for the City, kick-starting redevelopment plans for the downtown center. It has a high level of support from City officials, including all members of the City Council, the Mayor, and the City Planning Manager. The City has shown its support of the Project by contributing land and capital funding towards the Project’s construction.

MAP

Address: 125 West Barioni Boulevard, Imperial, CA 92251

Census Tract: 6025011000

Other California Projects

NMTC financing supported a Community Health Center, supporting low or no cost healthcare services.

LIIF’s investment in the development of a campus for high-performing charter schools in Los Angeles, CA.
The NMTC provided small business financing for two businesses in Citrus Heights ($262,000) and Sacramento ($97,000), CA.
Financing for the construction of 34 affordable single-family homes by Habitat for Humanity of Sacramento, CA.