New Markets Tax Credit Coalition

Akin Co

Investment

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

IMPACT

  • 15 FTE jobs
  • 11 jobs created and 4 jobs retained.

CDEs

Investor

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

Financing for Long Beach Post Acute, a 78 bed, 24 hour skilled nursing facility.
Financing for Ravenswood to move out of modular buildings with limited space and services.

Urban Action Community Development (“UACD”) deployed $8.75 million in Round 18 NMTC allocation to the Martin Luther King Jr Community Healthcare (“MLKCH” and “Hospital”) located in the heart of South

This was a renovation of a facility to house the early learning center. All of the 80 children will be served under the Head Start or Early Head Start programs.