California Data and Stories

State Fact Sheet

Map of Selected Projects in California

Community Testimonials

The NMTC means a great deal to our organization and the communities we serve. We have over 35 years developing affordable housing for our working families, farm workers, migrant farm workers, seniors, and veterans. This credit has allowed organizations like CVHC to continue providing the American Dream of homeownership to thousand of individuals and families who could not otherwise have a roof over their heads. Therefore, the Coachella Valley Housing Coalition is proud to join others in urging Congress to provide a permanent extension and expansion of the New Markets Tax Credit.

-Javier Lopez, Director of Community Relations, Coachella Valley Housing Coalition (CVHC), Indio, California

Selected Projects in California

Swan’s Market

Oakland,
CA
(2021)

Affordable Housing, Grocery and Fresh Food, Housing, Mixed-use, Retail

CDE(s): Oakland Renaissance

The California Statewide Communities Development Corporation has partnered with the nonprofit East Bay Asian Local Development Corporation to provide $10 million of NMTC allocation to stabilize and enhance the historic

Madera Schools

Madera,
CA
(2021)

Schools

CDE(s): Central Valley NMTC

NMTC financing used for the construction of the Concurrent Enrollment Middle School and Career Technical Education building, 42,809 sq. ft. development comprised of: 6 labs for each of the pathways,

Navigator Watsonville Prep

Watsonville,
CA
(2021)

Schools

CDE(s): Civic Builders

The Navigator Watsonville Preparatory Charter School leased and renovated a portion of the first floor and the entire second floor of a commercial building in downtown Watsonville, CA to be

A Plus Gutter

Commerce,
CA
(2021)

Retail

CDE(s): Local Initiatives Support Corporation

The borrower was created in 2018 to purchase real estate at 4515 Dunham street for the OC (A Plus Gutter Systems) to operate out of. The Borrower will use the

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.

BDB Enterprises

Riverside,
CA
(2021)

Professional Services, Retail

CDE(s): Local Initiatives Support Corporation

NMTC financing supported two operating companies.

Sacred Heart Community Services

San Jose,
CA
(2021)

College or Vocational Training, Shelters and Community Food

CDE(s): Partners for the Common Good, USBCDE

The NMTC financing supported the renovation of a two-story, 12,000 sq. ft. building in San Jose to provide additional space for a nonprofit's growing programs and services.

YMCA of the East Bay’s Cherryland Early Learning Center

Hayward,
CA
(2021)

Behavioral Health, YMCAs and YWCAs, Youth and Families

CDE(s): Low Income Investment Fund

This was a renovation of a facility to house the early learning center. All of the 80 children will be served under the Head Start or Early Head Start programs.

Union Rescue Mission Angeles House

Los Angeles,
CA
(2021)

Healthcare, Shelters and Community Food

CDE(s): TELACU

The project entails the acquisition and redevelopment by Union Rescue Mission of a parcel of land located at 13200 Avalon Boulevard, Los Angeles, CA into a supportive services facility. Upon

Merced Rescue Mission: Village of Hope Phase 1

Merced,
CA
(2020)

Addiction Treatment, Behavioral Health, Community, Healthcare, Mixed-use, Nonprofit Hub, Shelters and Community Food, Veterans Services

CDE(s): Central Valley NMTC

Phase 1 of the Village of Hope involved construction of four buildings to provide medical respite for homeless residents and apartment buildings for homeless veterans and homeless families.

Mission Neighborhood Centers

San Francisco,
CA
(2020)

Affordable Housing, Community, Daycare and Early Childhood, Youth and Families

CDE(s): Low Income Investment Fund

NMTC financing supported the Mission Neighborhood Centers project.

Community Music Center Richmond Branch

San Francisco,
CA
(2020)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): San Francisco Community Investment Fund

Working capital for the Community Music Center, a nonprofit arts education organization, enabling it to continue to provide music education to approximately 5,000 local youth, young adults, adults and seniors.

Site visits and recent news related to California NMTC Projects

Rep. Juan Vargas staff tour of Family Health San Diego

Opportunity Fund provided $8 million in financing for the newly-opened Logan Heights Family Health Counseling Center which offers a comprehensive range of behavioral health services to more than 7300 individuals and families of Barrio Logan, a low-income area south of downtown San Diego.

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Jun-2016

Congressman Gomez visits Terasaki Budokan

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Nov-2018

LIIF’s NMTC Allocation Spurs Creation of Cherryland Early Learning Center in Hayward, California

November 18, 2025

CDC director spotlights mental health approach at NMTC-financed Family Health Centers of San Diego

May 7, 2024

CSCDC Issues $11,000,000 in New Markets Tax Credits for College of the Desert

March 5, 2024