Martin Luther King Jr. Community Hospital

New Markets Tax Credit Coalition

Los Angeles,
CA
(2020)

Martin Luther King Jr. Community Hospital

Community, COVID-19, Disaster Recovery, Healthcare, Hospitals and Emergency Services

This transaction will finance working capital for the Martin Luther King Jr. Community Hospital located in South Central Los Angeles, California.

Investment

NMTC Amount: $6,212,500
Total Project Cost: $6,250,000

IMPACT

35 FTE jobs

CDEs

USBCDE

Investor

US Bank

Project Description

This transaction will finance working capital for the Martin Luther King Jr. Community Hospital located in South Central Los Angeles, California. The working capital will offset the decreased revenue and increased expenses caused by COVID-19 and allow the hospital to continue to grow its patient services. Finances working capital for the Martin Luther King Jr. Community Hospital in south central Los Angeles. The working capital will offset the decreased revenue and increased expenses caused by COVID-19 and allow the hospital to continue to grow its patient services.

MAP

Address: 1680 East 120th Street, Los Angeles, CA 90059

Census Tract: 6037540700

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