New Markets Tax Credits

La Placita: Community-Led Development in the Heart of East San José

Community Vision provided early advisory support and $2.31MM in financing to help bring La Placita to life in East San José. The 28,000-square-foot project will transform a long-vacant building into a cultural hub with a theater, wellness center, cafe, and affordable space for artists and small businesses—strengthening community health and economic opportunity in the Mayfair neighborhood.

Community Vision Awarded $75 Million in New Markets Tax Credits

Community Vision has been awarded $75 million in New Markets Tax Credits from the U.S. Department of the Treasury’s CDFI Fund—its eighth award, totaling $293 million to date. The allocation will help drive private investment into distressed California communities, supporting critical infrastructure, economic growth, and expanded access to capital where it’s needed most.

Together, we are advancing community ownership of community assets across California.

Learn more about our work and those we serve.

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