Jacobs Family Foundation
Joe & Vi Jacobs Center
404 Euclid Ave.
San Diego, CA 92114
(619) 527-6161
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As a relatively small foundation committed to partnering with the residents of the Diamond Neighborhoods on a $500-million vision for community redevelopment, the Jacobs Family Foundation is building relationships with a committed set of funding partners. These partners bring new resources to the table and have invested millions into the Diamond Neighborhoods to date.
 These funding partners invest in this community's vision for change through grants, program-related investments, tax abatements and loans.
To fund development of the Plaza and future community projects, JCNI has needed a unique and committed set of funding partners. This search for solutions that keep costs low and more money in the community has forged a new approach to financing community redevelopment.
By leveraging our assets, we've succeeded in bringing a variety of partners to the table — non-profit and for-profit, corporate and civic, local and national — providing loans, grants, and tax incentives. For Market Creek Plaza, $4.5 million leveraged $23.5 million in investment.
The members of the ground-breaking, public-private partnership that supports Market Creek Plaza share one thing - a commitment to invest in what the residents have envisioned for the future of this community.
Residents' commitment to developing not just a commercial center, but an arts, culture, and entertainment venue reflecting the many cultures of this community, resulted in a one-of-a-kind place. Financing the innovative project resulted in a one-of-a-kind partnership that challenges traditional philanthropy to do more for social good than make grants at arms length. At the same time, new resources are coming into this community.
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