New Markets Tax Credit Coalition

  • Los Angeles,
  • CA
  • (2020)

Martin Luther King Jr. Community Hospital

District: Maxine Waters (D-CA43)

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

Investor

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.

External Profile

MAP

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

Census Tract: 6037540700

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