Community Owned Real Estate
Joint venture between the three nonprofits to acquire five commercial properties for redevelopment and leasing to businesses and nonprofits.
Joshua House Health Center
The Joshua House Federally Qualified Health Center is a new facility that will be operated by the Los Angeles Christian Health Centers (LACHC) and housed in the first three stories of a seven-story mixed-use project focused on providing affordable housing to low-income and underrepresented community members. LACHC provides medical services for homeless and low-income persons […]
Melissa Kaplan, Citizens of the World Charter Schools – Los Angeles
The NMTC program has provided invaluable funding to our charter school network to support the construction of long-term beautiful facilities for our students. We urge Congress to continue this vital program.
Thomas De Simone, Genesis LA
The NMTC provides an essential subsidy to make community investments viable. Without NMTC, these projects would not get off the ground. For each investment made, we leverage other capital, usually in a 1:3 to 1:4 ratio, bringing new investment to low-income communities that struggle to grow their economy, jobs, and businesses.
C. Tyler Ohanian, Buchalter, a Professional Corporation
We have been part in numerous transactions for truly catalytic projects that have changed entire blocks and neighborhoods for the better. The NMTC supports expanding domestic manufacturing, improving health care and fresh food access, and creating community gathering spaces such as schools, social services and mixed-use developments. It’s a shallow subsidy that creates deep impacts […]
U.S. Bank Commits $5.3 Million in Financing to QueensCare Health Centers for New Facility in East Los Angeles
L.A. Prep Project Lincoln Heights Secures Financing
The entrepreneur who built an empire from a gas station
Jimmy Gomez (D-CA34)
Variety Boys & Girls Club
Founded in 1949, Variety Boys & Girls Club serves children in the Boyle Heights neighborhood of Los Angeles.
Congressman Gomez visits Terasaki Budokan
Congressman Gomez was on hand for a groundbreaking ceremony for the Terasaki Budokan center.
Terasaki Budokan
Financing for Budokan, a multi-purpose community facility in a highly distressed area of downtown Los Angeles.
MacArthur Park Transit-Oriented Development
NMTC financing supported the construction of the MacArthur Park Transit-Oriented Development
East Los Angeles Rising Youth Club
Financing for East Los Angeles Rising Youth Club, formerly a Boys and Girls Club East Los Angeles.
Queenscare Health Centers
Financing to help Queenscare Health Centers, a nonprofit FQHC, build a new community health center in East Los Angeles.
One Santa Fe
The new construction of the commercial component of One Santa Fe, a mixed-use, transit-oriented development in the Arts District, a low-income community within Downtown Los Angeles.
Ednovate East College Prep
A Charter Management Organization designed and developed by the USC Rossier School of Education in 2012 to close the graduation gap for high-need students in Los Angeles.
Children’s Institute
NMTC financing to construct a new, 48,000 square foot facility – The Otis Booth Campus.
Anderson Munger YMCA
The new construction of a YMCA health and fitness center (approximately 29,000 square feet) in the Koreatown neighborhood of the Wilshire Center District, a low-income community within the City of Los Angeles characterized by 42% obesity rate among youth.
Alliance Broadway Schools
Financing for permanent facilities for two Alliance schools: the existing College-Ready Middle School #5, which had outgrown the Boys and Girls Club on Pasadena Avenue, and the College-Ready High School #14.
Super Mario Ice Cream
A Small Business Fund loan to a small ice cream distributor, which enabled him to purchase the office/warehouse space that he was leasing.
Innovative Development and Living Solutions
The new construction of an assisted living facility for the elderly.
Anthony Santana, Associate, Genesis LA Economic Growth Corporation, Los Angeles, California
The NMTC program is an investment in the future of the US and supports high impact projects located in urban and non-urban areas in all 50 states.