BCS Projects

BCS has closed over 50 tax credit financings throughout the country.
The following projects are representative of the larger BCS portfolio.

The Campus at LA Family Housing

Project: The Campus will allow LA Family Housing to expand its role as the region's hub for finding a home and thriving in it. The project will include administrative and service space for LAFH, as well as a state of the art health clinic.

Financing: The project financing included $29.7 million of NMTC allocation from Opportunity Fund, and NMTC equity from Chase.

Rolland Curtis Gardens

Project: New construction of an 8,000 square foot building to house a federally qualified health center and community serving retail in South LA. Abode Communities is the project sponsor and a leading nonprofit affordable housing developer in Southern California.

Financing: $6.5 million of NMTC financing provided by Opportunity Fund. NMTC equity provided by US Bancorp CDC.

The Women's Home

Project: Construction of a 30,000 square foot facility, the Mabee WholeLife™ Service Center, to provide healthcare, adult education, counseling, workforce development, and children and youth enrichment programs for low-income women and families in Houston.

Financing: NMTC allocation provided by Corporation for Supportive Housing ($9.0 million) and Capital One ($1.0 million). NMTC equity provided by Capital One.

HealthRight 360

Project: Acquisition and rehabilitation of a 48,000 square foot building in the Octavia/Van Ness corridor neighborhood of San Francisco. The HealthRight 360 project will serve as a modern medical campus, providing a one-stop shop for comprehensive, integrated healthcare that is available to all.

Financing: Five CDE transaction, utilizing $51 million of NMTC allocation. Bank of America served as the NMTC investor.

Method South Side Soapbox

Project: LEED Platinum manufacturing facility that has created over 90 high quality jobs on the South Side of Chicago. Method is the world's largest maker of eco-friendly cleaning products.

Financing: $35.5 million of NMTC allocation provided by four different local and national Community Development Entities. NMTC equity provided by US Bancorp CDC.

Washington Hall

Project: Rehabilitation of Washington Hall, a historic performance hall in Seattle's Central District, to provide a vibrant, affordable arts and cultural facility for the community, and a permanent home for local nonprofit organizations.

Financing: NMTC allocation provided by Seattle Investment Fund ($9.0 million). NMTC equity provided by US Bancorp CDC.

Harlem United

Project: New construction of a 14,400 square foot Federally Qualified Health Center in West Harlem allowing Harlem United to provide critical primary care services to its mostly homeless clients.

Financing: NMTC allocation provided by Primary Care Development Corporation ($9.75 million). NMTC equity provide by Chase Community Equity.

Bullitt Foundation

Project: New construction of the first urban midrise "Living Building" in the world. The 50,000 square foot office development will be home to the Bullitt Foundation and commercial tenants.

Financing: NMTC allocation provided by Seattle Investment Fund, MBS Urban Initiatives, and Ecotrust CDE. NMTC equity provided by US Bancorp CDC.

Technology Access Foundation

Project: Construction of a new 22,600 square foot headquarters facility for Technology Access Foundation (TAF). Project will allow TAF to expand its intensive science, technology, engineering, and math programs to disadvantaged youth in King County.

Financing: NMTC allocation provided by Enterprise Community Investment ($12.5 million). NMTC equity provided by US Bancorp CDC.

Museum of History and Industry (MOHAI)

Project: Historic rehabilitation of the landmark Naval Reserve Armory at Lake Union Park into a dramatic new history museum to host over 120,000 visitors annually.

Financing: $6.7 million of Historic Tax Credit equity provided by US Bancorp CDC.

Educare Arizona

Project: New construction of a 33,000 square foot early childhood education and healthcare facility that serves over 190 low income children ages 0 – 5 annually.

Financing: $12.1 million NMTC financing with NMTC allocation provided by LISC and Wells Fargo CDE, and NMTC equity provided by Wells Fargo Community Lending and Investment.

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