In recent years, the Sacramento Valley has
flourished as it has grown from its agricultural and government
based roots to a thriving, diversified economy. Yet as new
residents and businesses have discovered the advantages and
high-quality of life in the Sacramento region, the very quality
of life they have sought is being threatened by the pressures
of growth. Air quality, traffic congestion, and loss of open
space has resulted. Additionally, while newer, suburban neighborhoods
of the region have thrived in the recent economic boom, older,
urban neighborhoods have been left behind.
In 2000,
Nehemiah Community Reinvestment
Fund™ began developing the
Sacramento Valley Fund to
combat
the unintended effects of
growth and to improve the
economic competitiveness
and overall quality of life
in targeted communities
within the Sacramento Valley.
The goal of the Fund is to
make millions of dollars
of real estate investment
in traditionally
overlooked communities. The
Fund will invest in the development
of high quality, urban scale,
mixed use and mixed-income
housing,
commercial, and industrial
projects.
Areas targeted for investment are the low
and moderate income neighborhoods of the counties of the region
- El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba-as
well as the cities Lodi, Stockton and Modesto. As the Sacramento
Valley Fund begins investing dollars in designated developments,
renovations, and leasing upgrades, market value and economic
activity within these targeted neighborhoods is expected to
increase dramatically.
Pacific
Coast Capital Partners LLC has been selected to manage
the Fund. Our goal is to provide "double" bottom
line results--to promote economic prosperity while generating
favorable rates of financial return for the Fund investors.
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