New Markets Tax Credit Coalition

Search

Jordan Downs Redevelopment

Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops.

Investment

  • NMTC Amount: $40,750,000
  • Total Project Cost: $48,398,580

IMPACT

  • 344 FTE jobs
  • 422 construction jobs

Investor

Project Description

Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops. In addition to job creation, the project will provide opportunities for training and advancement, jobs and benefits for low-income persons, and goods and services for low-income communities.

The Jordan Downs Plaza is a public/private partnership and part of the Jordan Downs revitalization project in the South Los Angeles neighborhood of Watts. The revitalization project is a mixed-use, mixed-income redevelopment of a 1950s-era community that will maximize solar opportunities, energy efficiency, environmental sustainability and include substantial community spaces. The project is part of a five-phase masterplan and provides much-needed commercial space – including a grocery store, gym and retail shops, as well as more than 300 new permanent and construction jobs for area residents.

MAP

Address: 9800 Laurel Place, Los Angeles, CA 90002

Census Tract: 6037242100

Other California Projects

Expanding Culturally Appropriate Healthcare in Downtown Vallejo

In 2017, Innercare was a key stakeholder in the research and development of the Imperial County Community Health Assessment that has been driving health policy in the County for the

NMTC financing supported the Coyote Valley Hotel and Wastewater project.
Genesis LA has closed $7.75 million in NMTC financing to support the Exceptional Children's Foundation expand its services into Inglewood.