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
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
SEED LA will use the NMTC financing to fund the new construction of the SEED LA Charter School (“Project”). With the NMTC closing in April 2021, the Project will be fully funded and is expected to be completed in January 2023.

The SEED LA Charter School project will be a 147,479 SF educational facility, comprising the following uses:
  • 54,913 SF for classrooms, offices, and common areas
  • 21,185 SF for apartment units housing 20 staff members
  • 71,399 SF for 170 dormitory units housing 400 students 

The Project will add a public college-prep boarding high school in South Los Angeles providing curriculum in STEM and the humanities and will provide at-risk youth a safe nurturing environment to achieve academic success, attain economic independence and break the cycle of intergenerational poverty.

In this neighborhood of South Los Angeles, only 7% of the local high school students are performing at grade level in math, and between 25-30% are at grade level in language arts. Additionally, only 58% of youth in foster care graduate from high school and only 3% graduate from college, and half of all young adults who age out of foster care end up homeless or incarcerated. To address these issues, the Sponsor’s parent, SEED Foundation, has implemented an innovative model that integrates a rigorous academic program with a nurturing boarding program which currently serves 1,000 students in its three existing schools. Utilizing this model, more than 90% of SEED 9th graders graduate from high school and 94% of SEED graduates enroll in college.

In partnership with LA County’s safety-net service providers, the SEED LA Charter School will have a weighted admission lottery for foster youth, or youth who are homeless or housing insecure or have an immediate family member who is incarcerated.

SEED LA Charter School will be WASC-accredited, and all students will take the A-G coursework to attend a University of California or California State College. The project will serve 400 students, of which 50% will come from the Vermont Manchester neighborhood, where the school will be located, and 50% from throughout Los Angeles County.

Additionally, the Project is part of a 4.3-acre community development project, which includes a mixed-use development owned by Bridge Housing (adjacent to the SEED LA project). The Bridge Housing project will include 180 affordable housing units (62 one-bedroom units for persons 62 years of age or older and incomes at or below 30% of the area median income and 118 one-, two-, and three-bedroom units for individuals and families with incomes between 30% and 80% of the area median income), 50,000 SF grocery store-anchored retail, and 15,000 SF Metro transit center (including Metro’s new job training and innovation center). Per Metro’s Project Labor Agreement, SEED LA must use union labor and commit to hiring locally. The Project is located on a blighted property left vacant since the 1992 Rodney King civil unrest.



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