Caritas Center is a 3-story, 46,500 sq. ft. community center under development in Santa Rosa, CA. Caritas Center will provide comprehensive homeless support services in a severely distressed area. Catholic Charities of the Diocese of Santa Rosa (CCDSR) is the project sponsor and a principal source of services to the poor and homeless in Sonoma County.
Clearinghouse CDFI provided $10 million in NMTC allocation for development of the Caritas Center and a $4.2 million short-term bridge loan to CCDSR for project related costs. CDE partners included Telecu with $18 million, Enterprise Community Partners with $7.5 million, and Chase New Markets Corporation with $4 million NMTCs. The federal NMTC investor was Chase Bank.
Caritas Center will include a medical respite and a Federally Qualified Health Center to provide on-site medical and mental healthcare, expanding services to an additional 2,000 patients annually. Other services include job training and children’s services. This project will create 30 new, full-time jobs and 130 full-time construction jobs.
Download the PDF: Just Funded – Caritas Center – 2021
