The Los Angeles Development Fund ("LADF") is a California non-profit corporation established by the City of Los Angeles in September 2006 with the purpose of managing a New Markets Tax Credit program.  The LADF is certified by the U.S. Treasury Department's Community Development Financial Institutions Fund ("CDFI Fund") as a Community Development Entity, as defined under New Markets Tax Credit regulations.  

The LADF's New Markets Tax Credit allocations awarded to date:
  • Round # 5 - May 15, 2008 - $75,000,000  (Fully Invested)
  • Round # 9 - April 5, 2012 - $50,000,000  ($30,000,000 Invested, $20,000,000 Available)

For more information regarding New Markets Tax Credits, please visit the CDFI Fund's website.