Los Angeles Development Fund

We allocated $15,000,000 #NewMarketsTaxCredit's to Union Rescue Mission's Angeles House project. The new 74,900 square foot building will provide a safe and secure place for approximately 275 previously unsheltered children and their parents. There will be 86 transitional housing units and support services. The project will exclusively serve families. #NMTC

Check out the Work Zone Cam from 3/18 to 11/19 of the building of the 25,000 square foot Arts and Recreation Center at Heart of Los Angeles (HOLA) http://ow.ly/Amwo50x1skF We gave $2,750,000 #NewMarketsTaxCredit's to the project which provides underserved youth in the City of Los Angeles free, exceptional academics, arts, and athletics programs. #EconDev #SocEnt #NMTC

At Terasaki Budokan - Little Tokyo Service Center a 150-panel solar system donated by Mitsubishi Electric was designed and installed by GRID Alternatives. Over 25 years, Little Tokyo Service Center will save at least $366,000 in power and eliminate 751 tons of GHG which is equivalent to eliminating 143 cars from the road or planting 17,500 new trees! GRID Alternatives trains local university students and volunteers with disabilities to install systems. The #LADF allocated $10,000,000 #NewMarketsTaxCredit's toward construction of the Recreation Center, supporting an estimated 30,000 - 40,000 visits yearly with sports, after-school & senior programs, health & wellness activities & more. #NMTC

At CNN Politics - A path out of homelessness: Learning the art of cooking at the Los Angeles LGBT Center LGBT homeless youth are over-represented across the US "our first effort with many of these folks is to restore their self esteem" said Lorrie L. Jean, CEO of the Los Angeles LGBT Center. The #LADF allocated $10,000,000 #NewMarketsTaxCredit's to the new Anita May Rosenstein Campus https://www.cnn.com//transgender-homeless-cooking-class-gr

Do you have a great project you want us to know about? We generate private investment capital with #NewMarketsTaxCredits and fund development projects in the City of Los Angeles helping low-income communities out of economic distress. Check out your project eligibility and apply at http://ladfnewmarkets.org/ #NMTC

We allocated $15,000,000 #NewMarketsTaxCredit's to substantially rehabilitate an existing 41,000 square foot building for use as a new Vallarta Van Nuys Supermarket. The Project includes the substantial rehab of a vacant Toys R Us property to create a full service, minority-owned grocery store in a USDA designated food desert. By increasing access to nutritious and culturally appropriate foods for residents, the Vallarta Van Nuys Supermarket will be addressing the incidence a...nd prevalence of diet related disease. Vallarta estimates that 80% of the permanent full time employees will be filled by bilingual, low-income residents of the surrounding community. These employment opportunities will benefit the local low-income, minority neighborhoods further bolstering the regional economy. Read more about this project http://ladfnewmarkets.org/index.php/vallarta-supermarket Learn about the LADF http://ladfnewmarkets.org/index.php/home #NMTC

We allocated $11,000,000 #NewMarketsTaxCredit's to construction of a new 20,000 square foot facility at the Children's Institute - CII Watts Campus. Construction of the new 20,000 square foot state-of-the-art community facility is expected to begin in January 2020 and be completed in July 2021. The new facility will provide holistic, integrated services for at-risk children, youth and families. It is expected to serve approximately 2,000 low-income individuals annually, with ...programs and services focused on mental health, early care and education, youth development, and family support services. The project also includes renovation of two existing buildings on the property, providing community meeting space and leasable space for nonprofits and community serving businesses. A portion of the space will be leased to a tenant that provides affordable, fresh, healthy foods in an area considered to be a USDA Food Desert. Learn more about this project and the LADF at ladfnewmarkets.org https://www.childrensinstitute.org/wattsgroundbreaking/ See more

Created by the City of Los Angeles we've invested $226M+ #NMTC's to projects boosting economically disadvantaged communities creating & preserving stable jobs providing greater access to goods & services... attracting new business creating economic growth http://ladfnewmarkets.org #EconDev #SocEnt See more

A new Smart & Final store opens at #JordanDownsPlaza with fresh produce, healthy food and new jobs. We allocated $10,000,000 #NewMarketsTaxCredit's to the 9.5 acre, 118,000 sqft shopping and retail center built as part of #JordanDowns South LA redevelopment project in the City of Los Angeles. ABC7 News reports on the opening. https://abc7.com/5823252/

We're the #LADF and we generate private investment capital with #NewMarketsTaxCredits and fund development projects in the City of Los Angeles helping low-income communities out of economic distress. Do you have a great project? Check out eligibility at http://ladfnewmarkets.org #NMTC

We've allocated $211,000,000 #NewMarketTaxCredit's into local low-income communities in the City of Los Angeles. Investments like these in Council District 15 touch Angeleno’s lives through the impact of newly created or rehabilitated construction and new jobs. Learn more about our work at ladfnewmarkets.com Councilmember Joe Buscaino

We've allocated $211,000,000+ into local low-income communities in the City of Los Angeles. Investments like these in Council District 14 touch Angeleno’s lives through the impact of newly created or rehabilitated construction and new jobs. Learn more our work at http://ladfnewmarkets.com Jose Huizar

We've allocated $211,000,000+ #NewMarketsTaxCredits into local low-income communities in the City of Los Angeles. Investments like these in CD 13 touch Angeleno’s lives through the impact of newly created or rehabilitated construction & new jobs. Learn more about our work at http://ladfnewmarkets.com Councilmember Mitch O'Farrell #NMTC