Akin Co

New Markets Tax Credit Coalition

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

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

Los Angeles,
CA
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, 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.

Open Door Community Health Centers

Arcata,
CA
(2015)

Community, FQHCs, Healthcare

CDE(s): California Statewide Communities Development Corporation

The California Statewide CDC provided $8.5 million of NMTC allocation to Open Door Community Health Centers enabling Open Door to fund an expansion.

Rumrill Sports Park

San Pablo,
CA
(2015)

Brownfield Remediation, Community, Daycare and Early Childhood, Parks and Forests, Recreation, Youth and Families

CDE(s): Community Vision

The City of San Pablo, one of the poorest communities in Contra Costa County, experiences high levels of youth obesity and violence.

Balboa Elementary School

Antioch,
CA
(2011)

Community, Infrastructure, Schools, Solar, Youth and Families

CDE(s): TELACU

NMTC financing supported solar panels for Balboa Elementary school.