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- EIN 51-0609572
- (213) 922-9694
- 1200 W 7th Street 8th Floor Los Angeles CA 90017 USA
- www.ladfnewmarkets.org
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Nonprofit Overview
Causes: Economic Development
Mission: -
Programs: Los angeles development fund's specific purpose is to assist in carrying out the economic development program and objectives of the city of los angeles. It promotes the development, establishment, or expansion of industries and commerce in low income areas by generating private investment capital through the new markets tax credit program. The organization has received two allocations of new market tax credits in the amounts of $75 million and $50 million from the community development financial institutions fund, a division of the united states department of treasury. The organization has fully invested the two allocations received. As of 12/31/2014, the organization has funded nine projects utilizing $125 million of its new markets tax credit allocation. Allocation. New markets tax credit allocation. New markets tax credit allocation.