Martin Luther King Jr. Community Hospital

New Markets Tax Credit Coalition

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

Jackie Robinson Family YMCA

San Diego,
CA
(2023)

YMCAs and YWCAs

CDE(s): Civic Community Partners

CCP provided $7 million to allocation to reimburse borrower for construction costs in connection with a new aquatic facility for a YMCA financed with NMTCs in 2016. The original three-lane

College of the Desert, Indio Campus

Indio,
CA
(2014)

Adult Education, College or Vocational Training, Community, Retail

CDE(s): Border Communities Capital Company

Project consists of the construction of a 40,000 sq. ft., 3 store campus building which includes 10,000 sq. ft. of retail.

Hill Country Community Clinic Center of Hope

Redding,
CA
(2019)

Affordable Housing, Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Housing, Shelters and Community Food, Supportive Housing

CDE(s): Corporation for Supportive Housing, Nonprofit Finance Fund

New construction of a 40,000 sq. ft. facility that provided comprehensive medical and mental health services, substance abuse treatment, and recovery activities for patients with complex health and social needs

Tulare Youth Service Bureau

Tulare,
CA
(2007)

Behavioral Health, Community, Daycare and Early Childhood, Dental Services, Healthcare, Youth and Families, Youth Program

CDE(s): CRFUSA

Tulare Youth Service Bureau opened in 1971 as a "drop-in center" for at risk youth.