LADF Allocation $15,000,000
Total NMTC Funding $38,000,000
Total Project Cost $38,000,000
Permanent Jobs Created - 293
Construction Jobs Created - 273
Square Footage Added - 81,239
This project entailed the new construction of the commercial component of One Santa Fe, a mixed-use, transit-oriented development in the Arts District, a low-income community within Downtown Los Angeles. The project comprises 77,000 square feet of commercial space supporting 438 rental residential units.
The commercial component created 293 permanent jobs, 51% of which will be held for low- to moderate-income individuals. It also generated 358 construction jobs.
The project promotes sustainable growth in Los Angeles. Additionally, the project brings a grocery store and convenience retail to a low-income community that is under served in these areas.
