Gilroy Cannery - CA

Project Description

The former Gilroy Cannery is a 12-acre site adjacent to the City's downtown commercial district. The Cannery operated from 1917 to 1997 and was the town's major economic driver. South County Housing Corporation, a nonprofit affordable housing developer, was interested in redeveloping the site, but was concerned about the potential contamination on the property. That's when South County contacted CCLR. We encouraged them to apply for our forgivable loan program, which provided them with a "free look" at the site. The Cannery will be redeveloped from its former industrial use to a vibrant mixed-use, mixed-income venture that will provide new housing, office, and retail space, as well as stimulate and reinforce the ongoing investment in Gilroy's downtown.
"CCLR's loan program functioned exactly as it should have, by giving our organization the confidence to proceed with a venture that we might have otherwise passed on. The loan provided a low-risk source of money to do the due diligence that we needed to satisfy ourselves that we could take on this difficult project." 
-Nancy Moore Wright, South County Housing Corporation

Project Details

Location :
Gilroy Cannery, Gilroy, CA
Developer :
South County Housing Corporation