CDE: Los Angeles Development Fund

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

The SEED School of LA County

Schools

CDE(s): Chase, Civic Builders, L.A. Charter School New Markets CDE, Los Angeles Development Fund

First public, college-prep boarding school in CA opens on long-abandoned property in South Los Angeles.

Vermont & Manchester

Los Angeles,
CA
(2022)

Nonprofit Hub, Schools

CDE(s): Chase, Genesis LA CDE, Los Angeles Development Fund, TELACU

Located at the Northeast corner of Vermont and Manchester in South Central Los Angeles, Evermont (Vermont and Manchester) is a transformational, 160,000 sq. ft., mixed-use development that will directly address

CA Science Center

Los Angeles,
CA
(2023)

Arts, Museums

CDE(s): Chase, Genesis LA CDE, Los Angeles Development Fund

The construction of the exhibits for the new 200,000 sq. ft. Samuel Oschin Air and Space Center.

Hollywood Arts Collective and Career Center

Los Angeles,
CA
(2022)

Adult Education, Affordable Housing, Arts, Community Center, Nonprofit Hub, Recreation

CDE(s): Genesis LA CDE, Los Angeles Development Fund

In February, Genesis LA provided $11.4 million in NMTCs to finance the Hollywood Arts project.

Joshua House Health Center

Los Angeles,
CA
(2017)

Affordable Housing, Community, FQHCs, Homeless Services, Housing, Mixed-use

CDE(s): Capital Impact Partners, Los Angeles Development Fund, Nonprofit Finance Fund, USBCDE

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

Jordan Downs Redevelopment

Los Angeles,
CA
(2018)

Community, Grocery and Fresh Food, Mixed-use, Retail, Solar

CDE(s): California Statewide Communities Development Corporation, Chase, Genesis LA CDE, Los Angeles Development Fund

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

Orthopaedic Institute for Children Announces $24.5 Million Construction Project Financed by the New Markets Tax Credit Program

Community, FQHCs, Healthcare

CDE(s): Chase, Los Angeles Development Fund, Urban Research Park CDE

L.A. Prep Project Lincoln Heights Secures Financing

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, HFFI, Incubator, Manufacturing

CDE(s): Los Angeles Development Fund, Urban America

U.S. Bank Financing Discovery Science Center Expansion

Arts, Community, Museums, Recreation

CDE(s): Los Angeles Development Fund, USBCDE

Debbie Allen Dance Academy

Los Angeles,
CA
(2021)

Arts, Schools, Theaters and Performing Arts Spaces

CDE(s): Los Angeles Development Fund

NMTC financing to fund the new construction of the Debbie Allen Dance Academy.

Seed LA

Los Angeles,
CA
(2021)

Affordable Housing, Community, Homeless Services, Mixed-use, Mixed-use and Commercial, Retail, Returning Citizens, Schools, Youth and Families

CDE(s): Chase, Civic Builders, L.A. Charter School New Markets CDE, Los Angeles Development Fund

The SEED School of Los Angeles is part of a catalytic Transit Priority Joint Development Project at the major intersection of Vermont and Manchester in South Los Angeles.

Terasaki Budokan

Los Angeles,
CA
(2018)

Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): Accion Opportunity Fund, Los Angeles Development Fund, MBS Urban Initiatives

Financing for Budokan, a multi-purpose community facility in a highly distressed area of downtown Los Angeles.

Vallarta Van Nuys Supermarket

Van Nuys,
CA
(2020)

Adult Education, College or Vocational Training, Community, Grocery and Fresh Food, HFFI, Historic Rehabilitation, Retail, Retail and Commercial

CDE(s): Local Initiatives Support Corporation, Los Angeles Development Fund, TELACU

Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq.

Union Rescue Mission

Los Angeles,
CA
(2020)

Community, Community Kitchen, Daycare and Early Childhood, Dental Services, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund, Wells Fargo

With homelessness in Los Angeles continuing to rise at alarming rates, community development financial institution Genesis LA partnered with service provider Union Rescue Mission to construct a new 74,866 square

Bob Rick, Inc.

North Hollywood,
CA
(2012)

Business Development, Manufacturing, Plastics and Chemicals

CDE(s): Bethany Square, Los Angeles Development Fund

The new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

Children’s Institute, Watts Campus

Los Angeles,
CA
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, HFFI, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund

Construction of a new 20,000 sq. ft. state-of-the-art community facility in Watts for the Children's Institute is expected to begin in January 2020 and be completed in July 2021.

Orthopedic Center for Children

Los Angeles,
CA
(2017)

Community, FQHCs, Healthcare

CDE(s): Chase, Los Angeles Development Fund, Urban Research Park CDE

Build-out of a new ambulatory surgery center and rehab another building to include an urgent care center, slinical space, research facilities and administration facilities.

One Santa Fe

Los Angeles,
CA
(2011)

Affordable Housing, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Transit Oriented Development

CDE(s): Clearinghouse CDFI, Genesis LA CDE, Los Angeles Development Fund

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.

LA Prep Kitchen

Los Angeles,
CA
(2017)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, HFFI, Incubator, Manufacturing

CDE(s): Los Angeles Development Fund, Urban America

NMTC financing for a project serves as an incubator for 50 small- to medium-sized food producers that have outgrown their startup spaces.

Anderson Munger YMCA

Los Angeles,
CA
(2012)

Community, Daycare and Early Childhood, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Chase, Los Angeles Development Fund, Lowe Economic Development Company

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

Discovery Cube LA

Los Angeles,
CA
(2012)

Arts, Community, Museums, Recreation

CDE(s): Los Angeles Development Fund, USBCDE

Exhibit design and fabrication for a children's science center, as well as building modifications to the existing shell and core located in the Hansen Dam Recreation Area.

Dream Center

Los Angeles,
CA
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Homeless Shelter, Shelters and Community Food, Youth and Families, Youth Program

CDE(s): Accion Opportunity Fund, Chase, Los Angeles Development Fund, National New Markets Fund, TELACU

The Dream Center, a volunteer-driven organization, currently serves over 40,000 people each month.

Vallarta Supermarkets Plans Huge Grocery Store in Van Nuys

College or Vocational Training, Community, Grocery and Fresh Food, Mixed-use and Commercial, Retail

CDE(s): Local Initiatives Support Corporation, Los Angeles Development Fund, TELACU

Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq.