YMCA Supportive Housing

New Markets Tax Credit Coalition

Escondido,
CA
(2020)

YMCA Supportive Housing

Community, Daycare and Early Childhood, Housing, Recreation, Supportive Housing, YMCAs and YWCAs, Youth and Families

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

CDEs

Civic Community Partners

Investor

PNC

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

Other California Projects

Humboldt Bay Harbor, Recreation and Conservation District

Samoa,
CA
(2016)

Community, Manufacturing, Recreation, Rural, Timber and Agriculture

CDE(s): Chase, TELACU

Financing for the acquisition of leasehold interest of 71.78 acre parcel of land and construction of industrial buildings.

Tiburcio Vasquez Health Center – Ashland Community Clinic

San Leandro,
CA
(2013)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Parks and Forests

CDE(s): Chase, Raza Development Fund

Thanks in part to NMTC financing, in 2014, Tiburcio Vasquez Health Center opened the Ashland Community Clinic, a 20,000 sq. ft. state-of-the-art facility that houses primary medical and dental, mental

Yurok Tribal Forestry

Klamath,
CA
(2018)

Community, FQHCs, Healthcare, Rural, Targeted Populations

CDE(s): Accion Opportunity Fund

A California North Coast enterprise focused on sustainable forestry (including a carbon sequestration project), fisheries habitat protection and restoration, and ecosystem services over a 47,097-acre forested landscape.

Rocketship Discovery Prep

San Jose,
CA
(2011)

Community, Schools, Youth and Families

CDE(s): Low Income Investment Fund

LIIF provided Launchpad Development Company with NMTC financing for the development for Rocketship Discovery Prep in San Jose, California.