The LADF creates jobs and boosts the economy of distressed communities using the New Markets Tax Credit Program to help fund economic development investments that improve the quality of life for those living in the City of Los Angeles.
On January 30, Children’s Institute broke ground on a new Watts Campus designed pro bono by world-renowned architect Frank Gehry. The new building will serve as a hub for South Los Angeles families and add an iconic landmark to the historic neighborhood. To celebrate the event, CII held a ceremony attended by 300 guests including Frank Gehry, LA County Supervisor Mark Ridley-Thomas and Councilmember Joe Buscaino.
Primestor Development, along with Nadel Architecture + Planning as architect, has completed the development of Freedom Plaza, the retail component of the Jordan Downs mixed-use community in Los Angeles’ Watts neighborhood.
Located in South Los Angeles, Angeles House will offer a beacon of hope for women and children in need of help. The new, three-story facility will provide interim housing and support services—and a path to permanent housing— for up to 340 women and their children.
“How do we bring practical solutions to solve the climate crisis while making people’s lives better?” Finding answers to this question posed by Matt Peterson, CEO and President of the LA Cleantech Incubator (LACI), represents the shining light and the purpose of the LA nonprofit.
We understand that DOGE is at the Treasury Department and that they have ordered the cancellation of several hundred contracts, including contracts to evaluate the NMTC application (the round that just closed) as well as contracts to evaluate applications for the CDFI FA/TA and NACA programs.
This poses a real and immediate threat to the CDFI Fund and the critical programs it supports. Please contact your members of Congress - particularly Republicans - and ask them to weigh in with Treasury Secretary Bessent in support of preserving the CDFI Fund.
We will continue to monitor the situation closely and provide updates as we learn more.