Established in 1958, Clatsop Community College (CCC) is the oldest accredited community college in Oregon. It offers training and instruction in professional technical fields and general education classes. In a region marked by a decline in fishing, logging, and wood products manufacturing, CCC serves individuals preparing for rural family-wage employment opportunities in emerging industries. To meet this burgeoning demand and legal requirements mandated by the Americans Disabilities Act, CCC pursued a $28 million renovation project on its historic campus.
In conjunction with numerous other public and private sources, and an investment from Wells Fargo Bank, Craft3 made $10.5 million of New Markets Tax Credit capital available to Clatsop Community College.
Craft3 financing helped to build Columbia-Pacific Hall, renovate Towler Hall and Patriot Hall, and demolish two dilapidated buildings. Campus upgrades included ADA accessibility and new elevators. Our investment in Clatsop Community College strengthens economic and family resilience by supporting economic growth, strengthening access to essential services and preserving assets.
Clatsop Community College retained 120 full-time jobs, leveraged $17.5 million in additional funds and equity for the school, assisted 400 low-income families and strengthened local ownership of real estate. Learn more at www.clatsopcc.edu.
120 full-time jobs retained
$17.5 million in additional funds and equity leveraged
400 low-income families assisted
$17.5 in locally-owned real estate strengthened
Community Facilities Loan
Craft3 is an equal opportunity lender and employer. NMLS ID 390159 NMLS Consumer Access.
The completion of an application does not guarantee loan approval or receipt of loan funds.
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