News

Training and Lending Capital Available Through Our Building Business Success (BBS) Program

Civic Community Partners (Civic) has launched the Building Business Success (BBS) Program which focuses on building capacity and growing small businesses. This program primarily focuses on Minority Owned Business Entities (MBEs) and/or Disadvantaged Business Entities (DBEs) who are providing services to anchor institutions or working within the construction industry. The program currently has $1.5 million […]

Civic Communities Offers Capital Lending Solutions

Civic Communities offers tailored capital lending programs to non-profits, businesses, projects, and community facilities in San Diego County that may not have access to traditional financing. Our objective is to provide financing to projects or businesses in low-income neighborhoods, that support low-income residents, and provide affordable housing and/or community facilities. The New Markets Tax Credit […]

$178 Million Invested in Economically Challenged San Diego Neighborhoods

Since 2012, Civic Communities has invested $178 million into economically challenged neighborhoods, furthering the agency’s mission to boost quality of life for San Diego’s underserved residents. This has been done through the use of New Markets Tax Credits (NMTCs), a federal program that deploys tax credits for projects that create quality jobs, or provide programs […]

Civic Closes New Markets Tax Credit Investment of $6.7 Million for YMCA of San Diego County

Civic announced today the closing of a New Markets Tax Credit (NMTC) investment of $6.7 million for YMCA of San Diego County’s Youth & Family Services (YFS) with Chase Bank as the tax credit investor. The New Markets Tax Credits investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido. The property […]

Civic Closes New Markets Tax Credit Investment for Access Youth Academy

Civic announced today the closing of a New Markets Tax Credit (NMTC) investment of $4 million for Access Youth Academy. Access Youth Academy is a non-profit organization founded in 2006 with the belief that every child should have equal access to achieve their full potential, and that the San Diego community could benefit from an […]

Civic Closes New Markets Tax Credit Loan for Casa Familiar’s “Living Rooms at the Border”

Civic announced a $9.325 million New Markets Tax Credit (NMTC) investment with Living Rooms at Casa, an affiliate of Casa Familiar, Inc., to construct a new, 13,469-square-foot community-focused mixed-use development. “Living Rooms at the Border is a project whose time has come,” said Kurt Chilcott, Chairman of Casa Familiar’s Board of Directors. “This incredible, unique […]

Goodwill San Diego Opens New Community Employment Center in Collaboration with Civic and New Markets Tax Credits

In December 2017, Civic closed a $12.6 million New Markets Tax Credit investment to Goodwill Industries of San Diego County to fund improvements to the two buildings in San Ysidro to repurpose them as an outlet center and a distribution facility and to make improvements to an existing storefront in San Ysidro to add a […]

Civic’s Economic Growth Fund Closes $10M New Markets Tax Credit Loan to Ajinomoto Foods

Civic announced today a $10 million New Markets Tax Credit (NMTC) investment with Ajinomoto Foods North America. Ajinomoto Foods manufactures and markets a wide variety of high-quality specialty frozen food products, including Asian, Italian, Mexican, custom and private brand products. In March, Tyson Foods announced plans to relocate its San Diego operations, resulting in the […]

Civic Closes New Markets Tax Credit Loan to Goodwill Industries of San Diego County

San Ysidro will soon be home to a new Goodwill Industries outlet center, distribution center and community employment center thanks to a $12.6 million New Markets Tax Credit (NMTC) investment made by Civic. The funds will help Goodwill Industries improve two recently purchased buildings in San Ysidro totaling around 75,000 square feet. Those buildings will […]