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.

LADF has made significant impacts for LA:

Investment
Invested Over $211,000,000 into LA Communities
Construction
Generated 3,511 Construction Jobs
Jobs
Created 2,806 New Jobs and Retained 930 Jobs
New Space
Added 766,686 Square Feet of New Space
Rehab
Rehabilitated 934,553 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
In 2018, the NMTC promoted material improvement for the lives of nearly 4 million low-income residents through the financing of 249 nonprofits, social service programs, and community facilities
Tax Credits
The NMTC has delivered $95 billion in total project financing to nearly 6,000 projects
Economic Impact
Over 1,000,000 jobs have been created through investment in America’s most distressed rural and urban communities
Cde Disbursement
CDEs used $3.2 billion in NMTC allocation to deliver $6.1 billion in total project investment to low-income communities
Allocations
NMTC Allocations Have Financed:
  • Small and Large Businesses
  • Manufacturing
  • Mixed-Use Real Estate
  • Community Facilities
  • Retail
  • Alternative Energy


New Markets Tax Credit Coalition 2019 Progress Report - Metrics by the Number

metrics from the New Markets Tax Credit Coalition’s 2019 NMTC Progress Report
nmtccoalition.org/progress-report