New Markets Tax Credit Coalition

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Dream Center

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

Investment

  • NMTC Amount: $48,788,500
  • Total Project Cost: $48,788,500

IMPACT

  • 65 FTE jobs
  • 50 construction jobs

Investor

Project Description

The Dream Center, a volunteer-driven organization, currently serves over 40,000 people each month. Services and programs offered include residential rehabilitation programs for teens and adults, a shelter for victims of human trafficking, a transitional shelter for homeless families, mobile hunger relief and medical programs, and a foster care intervention outreach that works closely with Los Angeles County’s Department of Children and Family Services to keep families intact by delivering the required furnishings, clothing and food to assure that their homes meet DCFS standards. Educational development programs such as adult basic education, job skills training and life skills counseling to homeless families and individuals make it a vital community development resource. (NNMF NMTCs: $16.3 million)

MAP

Address: 2301 Bellevue Avenue, Los Angeles, CA 90026

Census Tract: 6037195710

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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.