Gateway Towne Center
Gateway Towne Center is a retail shopping center located in a severely distressed area of Compton, CA with a high unemployment rate. The center provides the surrounding community with quality national retailers that are otherwise too distant.
Clearinghouse CDFI provided $21.4 million of New Markets Tax Credit allocation to bring a vital retail center to a blighted community.
This project will create 412 full time positions and drive economic opportunity in a distressed neighborhood.
Financing Provided:
$21.4 Million of NMTC Allocation
Location:
Compton, CA
Impact:
412 Full Time Jobs
Purpose:
Development of a retail shopping center in an economically distressed area
Year Funded:
2009
