LADF and the New Markets Tax Credit Program Impact on LA
Click to find out more
359 adult education & vocational training
including community colleges, workforce training, employment services, and occupational therapy
188 homeless shelters & food pantries
NMTC - financed food banks serve over 10 million people annually
408 arts/cultural facilities
including museums, theaters, and performing arts centers
406 schools
Serving over 365,000 children
1,043 healthcare providers
Serving over 20 million patients annually. Including 388 federally qualified health centers, and 213 facilities specializing in substance abuse or behavioral health services
622 childcare & youth programs
Serving over 200,000 children
256 recreation facilities
Serving 121,506 people annually. Includes 69 YMCA/YWCAs and 48 Boys and Girls Clubs
16k affordable housing units
Including workforce housing, affordable energy efficiency housing, and Habitat for Humanity builds
The NMTC Coalition analyzed 6,397 NMTC projects and found that 2,843 projects (44.4 percent) included at least one of the following:
Healthcare facilities or services, childcare, shared space for nonprofits, youth programs, municipal facilities, libraries, schools, recreational facilities, religious organizations, shelters, food pantries, adult education or vocational training, or other service providers supporting low-income communities. Of those 2,843 projects, they identified 704 projects with multiple community facilities or social service components. In total, they identified 3,602 discrete community facilities or service provider components of projects.
The New Markets Tax Program
NATIONWIDE community impact at its 20 year anniversary
