Akin Co

Los Angeles,
CA
(2023)

Akin Co

Retail

Investment

NMTC Amount: $1,010,101
Total Project Cost: $1,010,101

IMPACT

15 FTE jobs
11 jobs created and 4 jobs retained.

CDEs

USBCDE

Investor

US Bank

Project Description

Borrower is a black woman-owned general contractor and construction management company specializing in major residential complexes, commercial and retail buildings. Borrower’s headquarters is located in Los Angeles and they plan to construct and/ or renovate certain real properties that are each located in a Low-Income Community census tract.

MAP

Address: 4428 W. Slauson Ave., Los Angeles, CA 90043

Census Tract: 6037703100

Other California Projects

Children’s Institute

Los Angeles,
CA
(2009)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): TELACU

NMTC financing to construct a new, 48,000 square foot facility - The Otis Booth Campus.

North Fork Community Power

North Fork,
CA
(2015)

Brownfield Remediation, Community, Energy, Manufacturing, Timber and Agriculture

CDE(s): Central Valley NMTC

A first-in-nation renewable energy operating business that uses Sierra Nevada forest waste as its feedstock to produce electricity.

Habitat for Humanity Condominum – Daly City

Daly City,
CA
(2012)

Affordable Housing

CDE(s): Community Vision

Located in Daly City, and close to an array of public transit options, 7555 Mission is Habitat for Humanity of Daly City’s largest affordable, single-family housing development to date with

Northern California Indian Development Council

Eureka,
CA
(2014)

Addiction Treatment, Behavioral Health, Community, Healthcare, Historic Rehabilitation, Mixed-use, Rural, Targeted Populations

CDE(s): California Statewide Communities Development Corporation, Consortium America

NMTC financing helped Northern California Indian Development Council to fund upgrades that preserve and revitalize their headquarters office - the historic Carson Block Building in downtown Eureka, CA.