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.



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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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