Martin Luther King Jr. Community Hospital

Los Angeles,
CA
(2020)

Martin Luther King Jr. Community Hospital

Community, COVID-19, Disaster Recovery, Healthcare, Hospitals and Emergency Services

This transaction will finance working capital for the Martin Luther King Jr. Community Hospital located in South Central Los Angeles, California.

Investment

NMTC Amount: $6,212,500
Total Project Cost: $6,250,000

IMPACT

35 FTE jobs

CDEs

USBCDE

Investor

US Bank

Project Description

This transaction will finance working capital for the Martin Luther King Jr. Community Hospital located in South Central Los Angeles, California. The working capital will offset the decreased revenue and increased expenses caused by COVID-19 and allow the hospital to continue to grow its patient services. Finances working capital for the Martin Luther King Jr. Community Hospital in south central Los Angeles. The working capital will offset the decreased revenue and increased expenses caused by COVID-19 and allow the hospital to continue to grow its patient services.

MAP

Address: 1680 East 120th Street, Los Angeles, CA 90059

Census Tract: 6037540700

Other California Projects

Community Eye Center

Los Angeles,
CA
(2020)

Community, Healthcare

CDE(s): Local Initiatives Support Corporation

The loan was used for refinancing existing debt for an optometristic office.

Oceano Community Health Center of the Central Coast

Oceano,
CA
(2016)

Community, FQHCs, Healthcare

CDE(s): Low Income Investment Fund, USBCDE

The facility is a primary care health clinic serving seasonal and migrant farm workers residing in the southern part of the San Luis Obispo County.

LightHouse for the Blind and Visually Impaired

San Francisco,
CA
(2015)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Disability Services, Manufacturing, Mixed-use, Nonprofit Hub, Retail, Youth and Families

CDE(s): Enterprise Community Partners, USBCDE

The acquisition and renovation of three floors of an 11-story building to create a modern 39,000 sq. ft. headquarters for LightHouse for the Blind and Visually Impaired.

Ravenswood Family Health Center

Palo Alto,
CA
(2015)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Accion Opportunity Fund, Low Income Investment Fund, Primary Care Development Corporation

Financing for Ravenswood to move out of modular buildings with limited space and services.