The Los Angeles Development Fund at Work

The LADF’s goal is to improve the quality of life for all Angeleños. By investing in LA’s low income communities, the LADF is able to create jobs, build businesses and promote development, improving the economic outlook for the communities, their residents, and the City as a whole.

LAFD has made significant impacts for LA:

Investment
Invested $165,750,000 into LA Communities
Construction
Generated 3,062 Construction Jobs
Jobs
Created 2,298 New Jobs and Retained 871 Jobs
New Space
Added 588,486 Square Feet of New Space
Rehab
Rehabilitated 873,558 Square Feet of Existing Space


The New Markets Tax Credit Program Impact

The New Markets Tax Credit (NMTC) is a low-cost tax incentive for private investors designed to increase the flow of capital to businesses. NMTCs focus on low-income communities with high unemployment and poverty.

Communities
75% of Products and Services Generated Have Been Directed Toward Low-Income Communities
Tax Credits
With the award of calendar year 2017 NMTC, the total amount allocated through the program stands at $54 billion
Allocations
NMTC Allocations Have Financed:
  • Small and Large Businesses
  • Manufacturing
  • Mixed-Use Real Estate
  • Community Facilities
  • Retail
  • Alternative Energy
Cde Disbursement
CDEs Have Disbursed a Total of $41.9 Billion to 5,458 Qualified Active Low-Income Community Businesses
Reinvestment
For every $1 invested by the Federal government, the NMTC Program generates over $8 of private investment


New Markets Tax Credit Coalition 2017 Progress Report - Metrics by the Number
metrics from the New Markets Tax Credit Coalition’s 2017 NMTC Progress Report
nmtccoalition.org/progress-report