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Escondido, CA (2020)

YMCA Supportive Housing

The NMTCS investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido.

Investment

  • NMTC Amount: $6,700,000
  • Total Project Cost: $7,826,020

IMPACT

  • 8 FTE jobs
  • 9 construction jobs
  • Provides counseling and skills training to 44 Transition Age Youth (ages 18-26) with histories of trauma, child-welfare, poverty, juvenile justice, adverse childhood experiences, abuse, loss, etc.
  • 19,005 sq. ft. of real estate

Investor

Project Description

The New Markets Tax Credits investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido. The property will expand the YMCAs existing Transitional Housing & Youth Development program and streamline the YMCAs efforts aimed to end youth homelessness. The complex includes 25 units, each with 2 bedrooms and 2 bathrooms and approximately 930 sq. ft. of living space. In total, the project will serve 46 vulnerable, low-income youth at any given point in time during the year along with two staff member units.

MAP

Address: 711 West Lincoln Avenue, Escondido, CA 92026

Census Tract: 6073020308

Related Projects

San Francisco, (2011)