YMCA Supportive Housing

Escondido,
CA
(2020)

YMCA Supportive Housing

Community, Daycare and Early Childhood, Homeless Services, 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.