new & retained jobs created
3900
new & retained jobs created
sq feet of renovation
940000
sq feet of renovation
sq ft added
1000000
sq ft added
construction jobs created
3800
construction jobs created
The New Markets Tax Credit: How it Works
The LADF creates jobs and boosts the economy of distressed communities using the New Markets Tax Credit Program to help fund economic development investments that improve the quality of life for those living in the City of Los Angeles.

How To Apply

How To Apply
Our program uses NMTCs to create jobs, attract business and improve communities.

Our Program

The LADF uses NMTCs to create jobs, attract business and improve communities.

Our projects are located across the City of Los Angeles.

Our Projects

Take a tour of all the LADF funded projects across the City of Los Angeles.

Questions about our program or the New Markets Tax Credits?

Questions

Have questions about the LADF, our program or the New Markets Tax Credits?

Opportunity zones in LA’s under-served communities.

Opportunity Zones

New investment and development tool for LA’s under-served communities.



SEED LA Charter School

SEED LA Charter School

LADF Allocation    $5,283,334
Total NMTC Funding    $70,183,334
Total Project Cost    $97,449,379
Permanent Jobs Created  -  92
Construction Jobs Created  -  150
Square Footage Added  -  147,497

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Angeles House

Angeles House

LADF Allocation    $15,000,000
Total NMTC Funding    $27,000,000
Total Project Cost    $37,832,400
Permanent Jobs Created  -  34
Construction Jobs Created  -  30
Square Footage Added  -  74,900

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Debbie Allen Dance Academy

Debbie Allen Dance Academy

LADF Allocation    $12,000,000
Total NMTC Funding    $12,000,000
Total Project Cost    $18,884,900
Permanent Jobs Retained  -  13
Permanent Jobs Created  -  8
Construction Jobs Created  -  75
Square Footage Added  -  24,000

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Children’s Institute, Watts Campus

Children’s Institute, Watts Campus

LADF Allocation    $11,000,000
Total NMTC Funding    $24,000,000
Total Project Cost    $24,655,600
Permanent Jobs Created  -  15
Construction Jobs Created  -  44
Square Footage Rehabbed  -  20,000
Square Footage Added  -  20,000

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Vallarta Supermarket - Van Nuys

Vallarta Supermarket - Van Nuys

LADF Allocation    $15,000,000
Total NMTC Funding    $15,000,000
Total Project Cost    $33,784,500
Permanent Jobs Created  -  235
Construction Jobs Created  -  30
Square Footage Rehabbed  -  41,000

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Cathedral High School Performing Arts Center

Cathedral High School Performing Arts Center

LADF Allocation: $10,000,000
Total NMTC Funding: $18,000,000
Total Project Cost: $19,000,000
Permanent Jobs Retained: 59
Permanent Jobs Created: 15
Construction Jobs Created: 275
Square Footage Created: 40,000

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Jordan Downs Plaza Development

Jordan Downs Plaza Development

LADF Allocation: $10,000,000
Total NMTC Funding: $41,500,000
Total Project Cost: $44,210,000
Permanent Jobs Created: 243
Construction Jobs Created: 100
Square Footage Created: 118,200

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Budokan of LA Recreational Center

Budokan of LA Recreational Center

LADF Allocation    $10,000,000
Total NMTC Funding    $31,200,000
Total Project Cost    $32,908,400
Permanent Jobs Created  -  20
Construction Jobs Created  -  132
Square Footage Added  -  26,000

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Thai Town Marketplace

Thai Town Marketplace

LADF Allocation    $4,068,000
Total NMTC Funding    $4,068,000
Total Project Cost    $4,268,000
Permanent Jobs Created  -  40
Construction Jobs Created  -  20
Square Footage Rehabbed  -  5,150

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Joshua House Health Center

Joshua House Health Center

LADF Allocation    $3,932,000
Total NMTC Funding    $25,932,000
Total Project Cost    $27,400,000
Permanent Jobs Created  -  36
Construction Jobs Created  -  80
Square Footage Added  -  26,000

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Heart of LA Arts & Recreation Center

Heart of LA Arts & Recreation Center

1st LADF Allocation    $2,750,000
2nd LADF Allocation    $5,400,000
Total NMTC Funding    $19,950,000
Total Project Cost    $20,714,000
Permanent Jobs Retained  -  54
1st Allocation Permanent Jobs Created  -  12
2nd Allocation Permanent Jobs Created  -  tbd
1st Allocation Construction Jobs Created  -  280
2nd Allocation Construction Jobs Created  -  47
Square Footage Added  -  25,000

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Anita May Rosenstein LGBT Campus

Anita May Rosenstein LGBT Campus

LADF Allocation: $10,000,000
Total NMTC Funding: $43,000,000
Total Project Cost: $81,887,066
Permanent Jobs Projected: 80
Construction Jobs Projected: 330
Square Footage added: 78,300

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Orthopaedic Institute for Children

Orthopaedic Institute for Children

LADF Allocation: $10,000,000
Total NMTC Funding: $24,500,000
Total Project Cost: $33,952,000
Permanent Jobs Retained: 180
Permanent Jobs Projected: 50
Construction Jobs Projected: 150
Square Footage Rehabbed: 153,100

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LA Prep

LA Prep

LADF Allocation: $10,000,000
Total NMTC Funding: $16,000,000
Total Project Cost: $17,900,000
Permanent Jobs Created: 276
Construction Jobs Created: 54
Square Footage rehabbed: 63,821

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La Kretz Innovation Campus

La Kretz Innovation Campus

LADF Allocation: $10,000,000
Total NMTC Funding: $43,000,000
Total Project Cost: $46,000,000
Permanent Jobs Created: 742
Construction Jobs Created: 242
Square Footage rehabbed: 59,985

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Discovery Cube Los Angeles

Discovery Cube Los Angeles

LADF Allocation: $10,000,000
Total NMTC Funding: $15,000,000
Total Project Cost: $34,636,898
Permanent Jobs Created: 81
Construction Jobs Created: 231
Square Footage Added: 57,000

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Bobrick Washroom Equipment, Inc

Bobrick Washroom Equipment, Inc

LADF Allocation: $10,000,000
Total NMTC Funding: $20,000,000
Total Project Cost: $24,500,000
Permanent Jobs Retained: 190
Permanent Jobs Created: 105
Construction Jobs Created: 173
Square Footage Added: 112,349

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The Dream Center Foundation

The Dream Center Foundation

LADF Allocation: $10,000,000
Total NMTC Funding: $49,700,000
Total Project Cost: $49,700,000
Permanent Jobs Retained: 101
Permanent Jobs Created: 65
Construction Jobs Created: 116
Square Footage rehabbed: 422,000

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Anderson Munger Family YMCA

Anderson Munger Family YMCA

LADF Allocation: $12,500,000
Total NMTC Funding: $28,300,000
Total Project Cost: $29,100,000
Permanent Jobs Created: 100
Construction Jobs Created: 77
Square Footage Added: 29,000

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One Santa Fe

One Santa Fe

LADF Allocation: $15,000,000
Total NMTC Funding: $38,000,000
Total Project Cost: $38,000,000
Permanent Jobs Created: 293
Construction Jobs Created: 273
Square Footage Added: 81,239

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Food4Less - The Kroger Company

Food4Less - The Kroger Company

LADF Allocation: $27,493,322
Total NMTC Funding: $27,493,322
Total Project Cost: $27,493,322
Permanent Jobs Retained: 198
Permanent Jobs Created: 100
Construction Jobs Created: 151
Square Footage Rehabbed: 169,502

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YWCA Urban Campus Development

YWCA Urban Campus Development

LADF Allocation: $20,000,000
Total NMTC Funding: $70,156,959
Total Project Cost: $70,156,959
Permanent Jobs Retained: 148
Permanent Jobs Created: 298
Construction Jobs Created: 753
Square Footage Added: 153,598

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Our Mission

to create jobs, boost the economy of distressed communities, and improve the quality of life for everyone living within the City of Los Angeles