The Los Angeles Development Fund is a CDE committed to using its New Market Tax Credit allocation for LA projects that have significant community impact. 100% of LADF’s allocation must be invested in projects located within the limits of the City of Los Angeles AND in census tracts that meet the CDFI Fund’s criteria.
Before applying, determine if your project meets these initial requirements:
Please note that even if the project is in a qualified census tract, it may not ultimately qualify for the program or meet LADF community impact requirements.
If your project meets these initial requirements, the next step is to complete an intake questionnaire form, to the best of your knowledge, and submit for review. This screening form must be completed before a project is seriously considered for NMTC financing because documentation of the projected community/economic impacts is a critical regulatory component of this US Treasury program. The LADF must fully understand the expected community impacts prior to moving forward.