BCCC utilizes the New Markets Tax Credit Program to finance land and infrastructure development in underserved communities in California, Arizona, New Mexico, and Texas.

Selected Transactions

Featured

University of California, San Diego Workforce Development Accelerator and Community Arts & Culture Innovation Center

Close: December 2, 2020

Cost: $63.4 million

BCCC NMTC Allocation: $11 million

Sponsor: University of California, San Diego

Investor: US Bank

Location: San Diego, CA

Ysleta del Sur Pueblo Health and Wellness Healthcare Clinic

Close: December 18, 2020

Cost: $56.9 million

BCCC NMTC Allocation: $11 million

Sponsor: Yselta del Sur Pueblo

Investor: US Bank

Location: El Paso, TX

Medical Center of the Americas Tech Park

Cost: $27.6 million

BCCC NMTC allocation: $9 million

Sponsor: Medical Center of the Americas Foundation

Investor: Capital One

Location: El Paso County, TX

One World Beef

Cost: $27.0 million

BCCC NMTC allocation: $8 million

Sponsor: One World Beef

Investor: JPMorgan Chase

Location: Imperial County, CA

Mercado del Barrio

Cost: $19.7 million

BCCC NMTC allocation: $9.7 million

Sponsor: Shea Properties

Investor: US Bank

Location: San Diego County, CA

College of the Desert, Indio Campus

Cost: $23.9 million

BCCC NMTC allocation: $9.3 million

Sponsor: College of the Desert

Investor: US Bank

Location: Riverside County, CA

Liberty Station

Cost: $54.5 million

BCCC NMTC allocation: $30 million

Sponsor: McMillin

Investor: Bank of America

Location: San Diego County, CA

Lafayette Hotel

Cost: $26.9 million

BCCC NMTC allocation: $10 million

Sponsor: JCG Development

Investor: US Bank

Location: San Diego County, CA