NCCLF's 2012 Annual Report - Northern California Community ...

The federal New Markets Tax Credit (NMTC)
program revitalizes distressed communities by
encouraging private investment and economic
growth. The program attracts investment
capital by offering private investors a tax credit
in exchange for making equity investments in
economic revitalization projects. Over the past
four years, NCCLF has received $60 million in
NMTC allocation authority.
We are proud that our first NMTC client was
the Ed Roberts Campus. Named after the
inspirational disability advocate and founder
of UC Berkeley’s Physically Disabled Students
Program, the Ed Roberts Campus is an
international model of dedication to disability
rights and universal access. The 80,000 sq. ft.
building, located at the Ashby BART station
in Berkeley, incorporates exhibition space,
community meeting rooms, a child development
center, a fitness center, offices for nonprofit
organizations, and vocational training facilities.
The Campus integrates sophisticated design
solutions to provide universal access and
environmentally sustainable development.
We use our New Market Tax Credit
expertise to create new jobs.
NCCLF worked with Catholic Healthcare
West, Mercy Partnership Fund, the National
Development Fund, and JPMorgan Chase in a
public-private partnership to finance the project.
Since this first allocation, NCCLF has
distributed an additional $35 million in New
Market Tax Credits to other projects, using our
NMTC expertise to create new jobs and other
benefits in some of Northern California’s most
distressed communities. We have found creative
ways to use this program to improve the
lives of thousands of our region’s most
impoverished citizens.
Cover photo: The Ed Roberts Campus under
construction in 2008 and today.
(Photos by Roy Manzanares)