2022 California Tax Incentive Rehabilitation Projects

COMPLETED TAX PROJECTS

COMPLETED APPLICATIONS	FY 22	FY 21	FY 20	FY 19	FY 18	FY 17	FY16	FY 15
Part 1	12	5	12	17	19	4	20	12
Part 2	4	8	18	15	23	15	8	6
Amendments	18	23	46	39	30	23	32	49
Part 3	4	8	5	9	3	10	5	7

TOTAL	30	44	81	80	75	52	65	74
REPRESENTED COUNTIES	14	10	15	11	10	9	19	6

COUNTIES WITH MAJORITY OF APPLICATIONS
COUNTY	PROJECTS
Los Angeles	10
San Francisco	4
Sonoma	3
Sacramento	2
San Bernadino	2

CASA De ROSAS

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	2600 S. Hoover Street	Los Angeles	Integral Development, LLC	Housing	8/26/22	29,640	$15,100,000	$20,937,000

Casa de Rosas was built in 1893 in the Mission Revival style and was originally used as a school and residences based on the educational principles of Freiderick Froebel, a pioneer of kindergarten education. The property eventually expanded to include four buildings around a triangular-shaped courtyard. Significant features include arcades, courtyards, fountains and a porte cochere. It eventually became 49 housing units before becoming vacant. The Casa is rehabilitated to include 39 low and moderate income housing units.

Additional Before and After photos

COMMERCIAL CLUB BUILDING

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	1100-1106 S. Broadway	Los Angeles	Case Real Estate Partners I, LLC	Hotel	4/12/22	115,372	$120,994,668	$168,587,409

The Commercial Club Building was originally designed for the Commercial Club of Southern California. It was conceived of as a "business club"organized by prominent oil industrialist J. Ward Cohen. It was established to be more inclusive than typical gentlemen clubs on the east coast and England. Its intent was to act as a gathering place for L.A.'s large number of boosters and business leaders.

In addition to assembly functions, the building originally had 126 hotel rooms. It is currently rehabbed as a hotel with 151 rooms.

Additional Before and After photos

KEARNY-PINE BUILDING

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
San Francisco	353-359 Kearny Street	San Francisco	Pine Kearny, LLC / Brick & Timber Collective	Office/ Retail	12/20/21	9,730	$3,457,626	$3,650,000

The Kearny-Pine Building, known historically as the Rosenbaum Building, is a five story brick commecial building reconstructed in 1907 after the earthquake and fire. The building embodies the distinctive characteristics of the Renaissance Revival style by its use of rusticated brick base incorporating radiating voissoirs over deeply set windows. It is also notable as one of the most prominent of a small number of buildings that survive as part of the Financial district that has undergone substantial change.

The building retains its commercial use, with retail spaces on the ground floor, and a single tenant occupying floors above. The final Qualified Rehabilitation expenditures totaled $3,457,626.

Additional Before and After photos

QUONG WO SING BUILDING

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Sacramento	23 Main Street	Isleton	Jean Yokotobi	Commercial	2/14/22	3,427	$60,000	$152,040

23 Main Street was rebuilt in the American movement commercial style with a false front after a fire destryed the Asian blocks of Isleton. The building use was typical of early 20th century commercial buildings, with a general store in front and residential units behind and above.

The renovation focused on structural repair work and modernization of the rental units. Quong Wo Sing is being reused as a community center.