$70M

NMTC
allocation

AWARDED TO

CSCDC IN 2016

CSCDC Announces $13,430,000 New Markets Tax Credit Financing For Lao Family Community Development

Closing Date: Aug 31, 2017

Financing will support the nonprofit’s new headquarters and multi-service community facility
 

The California Statewide Communities Development Corporation (CSCDC) has provided $13,430,000 of New Markets Tax Credit (NMTC) allocation to Lao Family Community Development (LFCD) to finance its new CARE Center, the rehabilitation of a 30,000 sq. ft. building located in East Oakland, California that will serve as its new headquarters as well as a multi-service community facility.   LFCD is a nonprofit organization founded in 1980 whose mission is to build healthy communities by...
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CSCDC Announces $14 Million New Markets Tax Credit Financing For L.A. Prep South

Closing Date: Aug 16, 2017

Financing will provide affordable food manufacturing facilities to small businesses in Los Angeles

The California Statewide Communities Development Corporation (CSCDC) has provided $14 million of New Markets Tax Credit (NMTC) allocation to L.A. Prep Properties II LLC, an affiliate of CED Food II LLC, to finance L.A. Prep South, an approximately 60,000 sq. ft. multi-tenant food production facility located in South Los Angeles, California that will provide pre-inspected, ready-to-occupy, private kitchen spaces to small food manufacturers.   L.A. Prep South builds open the success of...
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CSCDC Announces $12 Million New Market Tax Credit Financing for Worthington Square Mixed Use Project

Closing Date: Apr 21, 2015

Financing will support the construction of affordable housing, commercial and community facility space
 

The California Statewide Communities Development Corporation (CSCDC) has provided $12 million of New Markets Tax Credit (NMTC) allocation to the Worthington Square development (the Project), in the heart of the downtown of the City of Imperial. This will finance new construction of a mixed-use development with 48 units of market rate and affordable housing and 11,000 SF of commercial and community facility space offering retail opportunities and the creation of dozens of new jobs, as well as...
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CSCDC Announces $7 Million New Market Tax Credit Financing for Northern California Indian Development Council

Closing Date: Dec 30, 2014

Financing will fund improvements to preserve and revitalize historic building in Eureka

The California Statewide Communities Development Corporation (CSCDC) has provided $7 million of New Markets Tax Credit (NMTC) allocation to the Northern California Indian Development Council (NCIDC) to fund upgrades that will preserve and revitalize their headquarters office — the historic Carson Block Building in downtown Eureka, California. From its offices, NCIDC facilitates a wide variety of programs serving over 15,000 clients annually, approximately 95% of whom are low-income...
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CSCDC Announces $8.5 Million New Markets Tax Credit Financing For Open Door Community Health Centers

Closing Date: Nov 10, 2014

Financing will support plans for the purchase and construction of new health clinics to expand healthcare services to underserved populations
 

The California Statewide Communities Development Corporation (CSCDC) has provided $8.5 million of New Markets Tax Credit (NMTC) allocation to Open Door Community Health Centers to finance the repayment of existing loans — freeing up debt capacity and enabling Open Door to fund expansion. Open Door was founded in 1970 and currently operates nine health clinics spread throughout Humboldt and Del Norte counties in northern California. They have actively focused on providing quality...
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CSCDC Announces $10.5 Million New Markets Tax Credit Financing For Big Brothers Big Sisters of Orange County

Closing Date: Oct 01, 2014

Plans for purchase and renovation of a new headquarters will expand services to more than 10,000 children in the next 5-10 years

The California Statewide Communities Development Corporation (CSCDC) has provided $10.5 million of New Markets Tax Credit (NMTC) allocation to Big Brothers Big Sisters of Orange County to finance the purchase and renovation of a 52,565-square-foot office building in Santa Ana. Big Brothers Big Sisters of Orange County was founded in 1958 and has had an enormous impact on the lives of youth through sponsoring one-to-one mentoring relationships with volunteers. The organization serves over 2...
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CSCDC Announces $10 Million New Markets Tax Credit Financing For Farm of the Future

Closing Date: Dec 18, 2013

West Hills Community College District to offer agricultural job training for students and access to healthy foods for low-income families through its new Farm of the Future campus.
 

The California Statewide Communities Development Corporation (CSCDC) has provided $10 million of New Markets Tax Credit (NMTC) allocation to West Hills Community College District (WHCC) for its new Agricultural Science facility in Coalinga, California, also known as the “Farm of the Future”.  The facility will include a 15,000 square foot career and technical education complex, a student-run farmer’s market, and an 885kW solar facility that will result in $400,000 in...
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Shasta Community Health Center Receives $9 Million in New Markets Tax Credit Financing

Closing Date: Dec 05, 2013

Deeply subsidized NMTC financing to fund expansion project for nonprofit medical center in Redding — enabling facility to provide services to an additional 20,000 patients annually.
 

The California Statewide Communities Development Corporation (CSCDC) has provided $9 million of New Markets Tax Credit (NMTC) allocation to Shasta Community Health Center (SCHC) to fund Phase III of an expansion project for SCHC’s main medical facility in Redding, California. The SCHC Redding facility is located in a severely distressed census tract and will continue to be a critical health care safety net provider for low-income persons; 10,000 persons are newly eligible for Medi-Cal...
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CSCDC Announces $6 Million New Markets Tax Credit Financing for Alliance College-Ready Public Schools

Closing Date: Dec 05, 2013

Plans for a high impact middle school become reality in East Los Angeles. NMTC subsidy will finance a charter school that will accommodate 450 students.
 

The California Statewide Communities Development Corporation (CSCDC) has provided $6 million of New Markets Tax Credit (NMTC) allocation to The Alliance for College-Ready Public Schools to finance a 24,000 SF charter school building to house its high achievement educational programming for students. The Alliance operates a network of free, high-performing public charter schools in some of the most under-invested areas in Los Angeles.  Since its founding in 2004, more than 95% of...
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CSCDC Announces $10 Million New Markets Tax Credit Financing for Swan's Marketplace in Oakland

Closing Date: Oct 31, 2013

Swan's Marketplace in Downtown Oakland will receive deeply subsidized NMTC financing to carry out capital improvements and refinance existing high cost debt.

The California Statewide Communities Development Corporation (CSCDC) has partnered with the nonprofit East Bay Asian Local Development Corporation (EBALDC) to provide $10 million of New Markets Tax Credit (NMTC) allocation to stabilize and enhance the historic Swan’s Marketplace in Downtown Oakland. Swan’s Marketplace, a fixture in Downtown Oakland since 1917, was rescued from imminent demolition in the late 1990s by EBALDC.  The mixed-use property spans a full city...
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California State Association of Counties   League of California Cities