Heritage Housing Partners - Pasadena, CA
Heritage Housing Partners, a non-profit housing developer, is revitalizing 6 vacant and underutilized parcels located at the corner of Lincoln and Orange Grove in Pasadena, California. The site, currently comprised of land, an abandon automotive repair shop and gas station, anchored with a liquor store, will be transformed into a 70,000 SF mixed-use housing and Class A commercial facility, bringing 46 affordable homeownership units, 83 subterranean parking spaces, and 11,683 SF of retail, office and community space to the neighborhood. Housing units will be sold to low-income (up to 80% AMI), moderate-income (up to 120% AMI) and workforce-income (up to 135%) households. The commercial space will be occupied by 3-4 small businesses and nonprofit organizations.
Charles R. Drew University for Medicine and Science - Los Angeles, CA
Charles R. Drew University of Medicine and Science, in coordination with APLA Health, is developing the a 10,000 square foot health center in the Willowbrook/Watts) community. The University is a Historically Black Graduate Institution focused on cultivating diverse health professional leaders dedicated to social justice and health equity for underserved populations. APLA, a Federally Qualified Health Center, is the largest provider of HIV health education and prevention services in Los Angeles County. The health center is APLA’s first dedicated Sexual Health & Wellness clinic, designed especially for gay, bisexual, and transgender men. The center will serve 1,900 medical patients; 665 dental patients; and 325 behavioral health patients annually. The center will create approximately 30 full time employment positions.
Three Square Food Bank - North Las Vegas, NV
Three Square Food Bank is Southern Nevada's only food bank serving residents of communities wherein more than 271,000 people are considered food insecure. The organization has acquired and is rehabilitating a 32,370 SF warehouse. The facility will house Three Square’s Senior Hunger Program, its Benefits Outreach Services which facilitates the Federal Supplemental Nutrition Assistance Program, its Emergency Food Assistance Program, and call center. The facility will serve 54,600 seniors and 65,000 non-seniors annually and 15,000 students daily. The Project will create 5 new full-time positions and retain 19 full-time employees.
"As the only food bank serving all of Southern Nevada, it is Three Square's mission, privilege and challenge to provide wholesome food to hungry people, while passionately pursuing a hunger-free community. What this means, in practical terms, is marshaling the financial, capital and human resources needed to provide 46 million nutritious meals every year. Recently Three Square was able to leverage a New Market Tax Credit, enabling us to provide millions of additional meals to Southern Nevadans in need. The process was daunting; however, we were extremely fortunate to have the expertise of Kyle Walton to assist and advise us from beginning to end. Kyle's ability to break down a complex transaction into clear and simple steps was critically important to communicating the New Market Tax Credit requirements and benefits to our key donors and Board of Directors. Kyle has the experience, knowledge and vision to bring big projects to close. He also demonstrated a genuine passion for Three Square's work, and food-insecure Southern Nevadans will have access to significantly more nutritious food because of him. Without hesitation I would recommend Kyle Walton and Classic Lake Consulting for anyone seeking investment structuring and advisory services."
-Tifani Walker, Chief Financial Officer
Helping Up Mission - Baltimore, MD
Helping Up Mission, Inc. is developing the House of Freedom, a 131,557 SF one-year residential substance abuse recovery center. Located in the Jonestown neighborhood of Baltimore, the House of Freedom will serve women and children fighting poverty, homelessness and addiction. In addition to housing the recovery center, the facility also includes: an emergency overnight shelter; a commercial kitchen and dining hall; a clothing and toiletry distribution center; a primary, dental and mental health facility; classrooms and a workforce development and education center; counseling rooms; recreational space, and administrative offices. The facility will serve over 300 women and children annually providing: housing; case management; drug and alcohol screening and counseling; healthcare; childcare; job training; financial literacy, credit counseling and repair; and life skills training. The facility will also create 15 full-time and 15 part-time jobs.
North Florida School of Special Education - Jacksonville, FL
North Florida School of Special Education serves students with intellectual and developmental differences. The school provides essential academic, vocational and social skills education designed to address a variety of disabilities in structured curricula that progressively culminates in a young adult’s preparation for self-sufficiency. 42% of NFSSE students are from low-income households. T Financing was provided to reshape the campus including: the construction of a 32,000 SF facility that will house classrooms, therapy rooms, a library, a fine arts complex, a full-sized gymnasium and a commercial teaching kitchen; construction of an equine therapy facility; and upgrades to the existing campus facilities. The project will create 41 new full-time jobs and enable NFSSE to serve 190 students and 70 post-graduates annually.
"We engaged Mr. Walton to assist with the financial underwriting, data analysis, and due diligence review during a particularly busy time for our staff. Drawing on his experience working for Community Development Entities, investors, and for sponsors, Mr. Walton stepped right in and took the lead on the project. His diligence in underwriting, collecting and analyzing data, and dedication to quality were immediately evident. During the engagement, Mr. Walton became an integral part of our project team and was an excellent representative of our organization. In addition to our positive experience, other transaction participants also recognized his expertise and ability to move the transaction forward."
-Brian Oxford, New Markets Manager, CAHEC
Omni Family Health - Delano, Bakersfield, CA
Omni Family Health is a network of state-of-the-art Federally Qualified Health Centers located throughout Kern, Fresno, Kings and Tulare Counties. Omni provides a full range of primary, preventative care and supportive services in the areas of medical, dental, behavioral health, chiropractic, laboratory, and pharmacy. Omni is undertaking a $18.4M development effort to expand capacity and improve the delivery of services. Omni is developing 2 new clinics in Delano and Bakersfield, California totaling 41,664 SF and rehabilitating 10,256 SF of medical space in Fresno, California. The investment will create 251 full time jobs and the new clinics will collectively serve 144,000 patients annually, regardless of ability to pay.
Martin Luther King Jr. Community Hospital Wellness Center - Los Angeles, CA
"Kyle Walton of Classic Lake Consulting was an a essential partner in every phase of this transaction. From the intake and marketing phase to allocation notification to transaction closing, Kyle did an excellent job assisting MLKCH in completing this transaction. A major strength of Kyle’s is explaining the New Market Tax Credit program to lay audiences. Kyle worked with the Board of Directors of both the hospital and our fundraising foundation to thoroughly explain and justify the benefits of a participating in New Market Tax Credit transaction. We strongly recommend Kyle as a consultant for community-benefit transactions."
-Dr. Elaine Bachelor, MD, CEO, Martin Luther King, Jr. Community Hospital
Martin Luther King, Jr. Community Hospital (MLKCH) is a private, non-profit, safety-net hospital providing inpatient and emergency care in South Los Angeles County. Since opening in 2015, MLKCH has hired over 1,000 employees and serves over 70,000 patients in South Central Los Angeles annually. The hospital is working with the County of Los Angeles and Trammell Crow (contracted developer) to design, construct and operate a $32.5M, 49,000 SF medical office and wellness center on the MLK Medical Campus. The facility is co-anchored by an Ambulatory Surgical Center and the MLKCH Primary Care Medical Group (a Non-Profit Medical Group for Doctors serving South Los Angeles) and its’ Advanced Care Program. The Wellness Center also houses independent specialists including women and children’s health, behavioral health, general surgery, orthopedics, ophthalmology, urology, rheumatology, pulmonology, and oncology. The building will also provide the community with access to imaging and laboratory services, and a retail pharmacy. The Project will create 250 full-time healthcare jobs and will serve over 49,000 patients annually.
United Health Centers of the San Joaquin Valley - Kerman, Orange Cove, Leemore, Tuolumne, CA
United Health Centers of the San Joaquin Valley is a Federally Qualified Health Center providing comprehensive medical, dental and community health services to the medically underserved in the California’s central San Joaquin Valley. The organization is undertaking an effort to expand capacity and increase access to healthcare for low-income families. To do so, it is opening new facilities in the Cities of Kerman, Orange Cove, Leemore, and Tuolumne, while also rehabilitating existing facilities in the Cities of Mendota and Parlier, California. The project will develop space for primary care, mental health, chiropractic, and dental services. United Health Centers delivers over 190,000 medical, dental, and other service encounters per year. United Health Centers accepts various modes of payment including Medi-Cal, Medicare, and private insurance. Services are provided to patients without insurance on a sliding-fee-scale according to the patient’s ability to pay.
UHC contracted with Kyle Walton of Classic Lake Consulting to assist UHC’s management on this complex transaction. Kyle’s vast knowledge of the program made it easier to close the NMTC transaction on time. UHC highly recommend Kyle as a consultant for providing advisory in NMTC financing to non-profit organizations”
-Jesús Rafael Maldonado, CFO, United Health Centers of the San Joaquin Valley
Living Rooms at the Border - San Ysidro, CA
"Kyle Walton's expertise and guidance of New Markets Tax Credits made the daunting feel attainable. Casa Familiar's 'Living Rooms at the Border' project will have a transformative impact for the entire San Ysidro Community. Mr. Walton's ability to connect and understand the vision and creativity of our project was key to our success. Casa's passion for community and Kyle's willingness to share his expertise has brought a new energy and momentum not only for the community but for our 37 year old nonprofit organization. With great confidence I recommend Classic Lake Consulting to help advance community benefit projects, especially in underserved communities."
-Lisa Cuestas, President & CEO, Casa Familiar
Casa Familiar, a 501(c)3, was founded with a commitment to enhancing the quality of life for the community through education, advocacy, service programming, housing, art and community economic development. Casa has developed and invested in over 1,100 affordable housing and mixed-used development projects in South San Diego County. It operates five community service centers that provide recreation, education, technology access, and youth development and job training in the San Ysidro community. Annually, Casa serves 8,000-10,000 low-income residents, students, youth, families, seniors and individuals through Social Services, Education and Arts & Culture programming.
Casa is developing the Living Rooms at the Boarder project in San Ysidro’s Historic neighborhood. Living Rooms is a service inclusive, community oriented, 10 unit affordable housing & economic development project including the adaptive re-use of a vacant dilapidated church. Living Rooms will enable Casa, and partners such as University of California San Diego, to expand the delivery of job training, performing arts, education, and immigration services. Living Rooms is centrally located along San Ysidro’s cultural arts corridor and will connect the San Diego Trolley Beyer Station to San Ysidro Boulevard.
Homestead Station - Homestead, FL
Downtown Homestead’s Retail, Entertainment and Multimodal Center. The 250,00 SF mixed use facility will bring entertainment, retail, dining, and a multi modal transit center to the Historic Downtown District of the City. Homestead Station will include 30,000 SF of retail and dining space, 65,000 SF of family entertainment center space including 10 movie theaters, 14 lanes of bowling, and 1,000 parking spaces. The City’s new multimodal transit station is connecting to Miami Dade County transit infrastructure expansion projects designed to reduce commute times between the City of Miami and the City of Homestead while also increasing access to the everglades. Homestead Station will also house the City’s Trolley, a free transportation service for Homestead residents and tourists.
Cristo Rey St. Viator High School - Las Vegas, NV
Cristo Rey Network is comprised of 32 independent catholic high schools spread across 21 states and the District of Columbia, all committed to the education of America’s disadvantaged youth. The network has 20 years of experience serving young men and women from economically disadvantaged communities and families, helping to guide and support healthy life trajectories through education.
The newest addition to the network is Cristo Rey St. Viator and its 98,000 SF educational campus in North Las Vegas, Nevada. Cristo Rey St. Viator builds upon the networks history of equipping low-income students with the knowledge, character, and the skills to transform their lives. Cristo Rey graduates currently earn four-year Bachelor’s degrees at more than twice the rate of high school graduates from low-income families nationwide. 88% of 2016 Cristo Rey graduates enrolled in college. 58% of CRN students are female, 61% of students are Latino, 30% are Black, and 100% are low income.
"Kyle Walton is an incredibly experienced and knowledgeable professional in many areas of finance. His New Markets Tax Credit expertise in particular has been invaluable to our firm and our clients. His knowledge of complex requirements coupled with his patient, deliberate style brings clarity and certainty to the work at hand. We looks forward to many more successful projects with Kyle."
-James A. Barrett Jr., President, JABarrett Company
Cathedral Performing Arts Center, Cathedral High School - Los Angeles, CA ($18MM NMTC Closed 2018)
Cathedral High School (CHS), established in 1925, is an all boys’ high school located in one of Los Angeles’ most economically and socially challenged neighborhoods. Enrollment averages 700 students; 70% Latino, 10% African American, 70% qualify for the Federal Free/Reduced Lunch Programs, and 87% receive tuition assistance. CHS commonly graduates 100% of its seniors, of which 80% are accepted to a four-year university. CHS is developing a $20 million, 48,000 SF Performing Arts Center and Theater (PAC) to support the expansion of its fine arts, performing arts, and media production curriculum. The PAC will prepare students for opportunities in journalism, public relations, advertising, marketing, and multimedia content production. In addition to the educational outcomes supported by the project, the PAC will provide community residents with professional and career development opportunities and serve as a community resource center for other service providing non-profit and impact agencies.
"Working with Classic Lake Consulting on the Cathedral High School Performing Art Center’s $18 Million NMTC was like having a BWC West Coast Office. The high level of professionalism, integrity and commitment to excellence afforded us the ability to navigate unfamiliar territory and local politics seamlessly. We look forward to more collaborations that yield high impact outcomes!"
-Bridget Chisholm, Managing Partner, BWC Consulting
Robinson Grand Performing Arts Center - Clarksburg, WV
The City of Clarksburg and the Clarksburg Development Authority are rehabilitating the historic Robinson Grand Theater into a 950 seat educational and performing arts center. The $22.6 million renovation project will bring the region and its residents a vibrant, diverse array of productions and programs designed to engage seniors, adults, teens, children, schools, and community organizations. The project reestablishes the theater as an economic, educational, and cultural anchor for the region. The facility will host over 100 events annually and generate over $32 million of economic impact during the first 5 years of operation. In addition to the performances, the theater will offer courses and workshops for youth, teachers, and adults focused on literacy, art, music and acting.
The Lawson Academy - Houston, TX
"When we met Kyle Walton, we could never have known the impact he would have on our agency. His expertise and wise counsel provided to our board, our staff and our funders enabled us to feel comfortable with the New Market Tax Credit environment. There were no questions he was unable to easily answer for us. WALIPP recommends Kyle to any organization who wants to succeed through this process -- his single-minded focus on our agency and our guaranteed our success!”
-Cheryl Lawson, Executive Director, William A. Lawson Institute for Peace and Prosperity
The Lawson Academy is developing a 32,000 SF educational campus in Houston, Texas. The Lawson Academy educates low-income, minority 6th, 7th and 8th graders from Houston’s 3rd Ward. The new facility is comprised of 22 classrooms, science laboratories, administrative offices and class prep space, athletic fields and recreational space. The Academy’s new campus allows the school to grow enrollment to 300 students.
Martin Luther King, Jr. Community Hospital - Los Angeles, CA
Martin Luther King, Jr. Community Hospital is a private, non-profit, safety-net hospital providing inpatient and emergency care to South Los Angeles residents. The new 131-bed, 248,000 sq. ft. LEED certified general, acute-care, community-based hospital is designed to serve the healthcare needs of South L.A. residents.
Loma Linda University - San Bernardino, CA
Loma Linda University is developing the 150,000 sq. ft. LEED Gold Specialty Care Community Clinic. SAC Health System, a Federally Qualified Health Clinic, will deliver primary care, dental, behavioral health, pediatrics, obstetrics/gynecology, and specialty care services. The complex also houses the university’s Gateway College Healthcare Career & Technical Education Program, a collaborative educational program geared towards moving San Bernardino residents from economic dependence to self-sufficiency.
"Classic Lake provided access to information and deal participants that we would never have been able to obtain on our own. Kyle was professional and very helpful working through the best course of action for our organization. I highly recommend them for anyone looking to do NMTC deals."
-Lew Mowery, Controller, Loma Linda University
Maya Cinemas - Fresno, CA
Central Valley NMTC Fund provided financing to Maya Cinemas for the development of a 66,000-square-foot, 2,700 seat movie complex in Fresno, California. The theater serves as the key anchor to the Square at Campus Pointe, a multi-phased master-planned development including over 1 million square feet of leasable space for retail, office, a new hotel, and multi-family senior, affordable and market-rate housing units.
"Mr. Walton has worked with the organization since its inception in a variety of capacities. Mr. Walton primarily works with us to identify, underwrite, and finance high impact businesses and real estate development projects throughout the Central Valley of California. Mr. Walton has helped provide over $40 million of financing to retail, health care and early childhood education developments. In addition, he works with us to quantify and enhance the economic and community impacts of each investment."
-TJ Cox, President, Central Valley NMTC Fund, LLC
United Health Centers of the San Joaquin Valley - Central Valley of CA
United Health Centers of the San Joaquin Valley is a Federally Qualified Health Center which provides comprehensive medical, dental and community health services to the medically underserved in the central San Joaquin Valley of California. The organization is developing 28,000 sq. ft. of medical and dental space in the cities of Sanger and Fowler.