Exceptional Children’s Foundation (2016), Inglewood, CA

COMMUNITY IMPACT

Genesis LA has closed $7.75 million in New Markets Tax Credit (NMTC) financing to support the Exceptional Children’s Foundation (ECF) expand its services into Inglewood. ECF’s new campus will redevelop an old warehouse to now include several new programs providing employment opportunities, arts enrichment, nutrition, health, and life skills to individuals with disabilities. The 28,000 sf project will include a light manufacturing and assembly operation where adults with special needs will be trained and employed in a variety of tasks, including packaging and candle manufacturing (a rendering of the production space is pictured above). ECF is undertaking an innovative approach to these services, by co-locating a private business onsite so that clients will work alongside other workers from the community. New arts studios onsite will allow clients to take art lessons from professional artists and offer the opportunity for clients to sell their art on Amazon.com. A new kitchen facility will also teach clients about nutrition and healthy eating. ECF has been serving Los Angeles County since 1946.

Voices from the Community

The NMTC is what makes economic development viable in the distressed communities where we work. NMTC provides the equity that traditional investors cannot provide because of real or perceived risk. NMTC is the difference between a project being viable or not.

Thomas De Simone, President & CEO, Genesis LA CDE, Los Angeles, CA

Project Map

Other Healthcare Projects

Albina Head Start

A Head Start program serving over 1,000 children receives NMTC financing to improve their overall financial sustainability including working capital.

Educare San Jose

ECSV is a collaborative project among 16 public institutions and private groups who provided financial support, including FIRST 5 Santa…

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The New Markets Tax Credit Coalition
1155 15th Street NW, Suite 400
Washington, DC 20005
202-393-5225

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