Los Angeles Development Fund

04/08/2020

Orthopaedic Institute for Children Opens the City of L.A.’s Newest & Most Modern Pediatric Orthopaedic Urgent Care Center.

The city’s newest and most modern urgent care center for children with musculoskeletal conditions officially opened to patients this week at Orthopaedic Institute for Children’s downtown Los Angeles campus. The center was redesigned and greatly expanded to serve the growing need for essential urgent and trauma medical care for children with musculoskeletal conditions.
Read more at ow.ly/vBNa50vlXV2

The gave $10,000,000 ( ) to help fund the project.

04/07/2020

From New Markets Tax Credit Coalition
helps stabilize local economies during economic disasters – both natural and otherwise. Learn more:

The NMTC helps stabilize local economies during economic disasters - both natural and otherwise.

04/06/2020

We allocated $15,000,000 's to Union Rescue Mission's Angeles House project. The new 74,900 square foot building will provide a safe and secure place for approximately 275 previously unsheltered children and their parents. There will be 86 transitional housing units and support services. The project will exclusively serve families.

04/05/2020

Check out the Work Zone Cam from 3/18 to 11/19 of the building of the 25,000 square foot Arts and Recreation Center at Heart of Los Angeles (HOLA) http://ow.ly/Amwo50x1skF
We gave $2,750,000 's to the project which provides underserved youth in the City of Los Angeles free, exceptional academics, arts, and athletics programs.

04/04/2020

At Terasaki Budokan - Little Tokyo Service Center a 150-panel solar system donated by Mitsubishi Electric was designed and installed by GRID Alternatives.
Over 25 years, Little Tokyo Service Center will save at least $366,000 in power and eliminate 751 tons of GHG which is equivalent to eliminating 143 cars from the road or planting 17,500 new trees! GRID Alternatives trains local university students and volunteers with disabilities to install systems.
The allocated $10,000,000 's toward construction of the Recreation Center, supporting an estimated 30,000 - 40,000 visits yearly with sports, after-school & senior programs, health & wellness activities & more.

04/03/2020

At CNN Politics - A path out of homelessness: Learning the art of cooking at the Los Angeles LGBT Center
LGBT homeless youth are over-represented across the US "our first effort with many of these folks is to restore their self esteem" said Lorrie L. Jean, CEO of the Los Angeles LGBT Center.
The allocated $10,000,000 's to the new Anita May Rosenstein Campus

LGBT homeless youth are over-represented in cities across the US. A culinary program in Los Angeles is looking to change that.

04/02/2020

Do you have a great project you want us to know about?
We generate private investment capital with and fund development projects in the City of Los Angeles helping low-income communities out of economic distress.
Check out your project eligibility and apply at http://ladfnewmarkets.org/

04/01/2020

We allocated $15,000,000 's to substantially rehabilitate an existing 41,000 square foot building for use as a new Vallarta Van Nuys Supermarket.
The Project includes the substantial rehab of a vacant Toys R Us property to create a full service, minority-owned grocery store in a USDA designated food desert. By increasing access to nutritious and culturally appropriate foods for residents, the Vallarta Van Nuys Supermarket will be addressing the incidence and prevalence of diet related disease.
Vallarta estimates that 80% of the permanent full time employees will be filled by bilingual, low-income residents of the surrounding community. These employment opportunities will benefit the local low-income, minority neighborhoods further bolstering the regional economy.

Read more about this project http://ladfnewmarkets.org/index.php/vallarta-supermarket
Learn about the LADF
http://ladfnewmarkets.org/index.php/home

03/31/2020

We allocated $11,000,000 's to construction of a new 20,000 square foot facility at the Children's Institute - CII Watts Campus.
Construction of the new 20,000 square foot state-of-the-art community facility is expected to begin in January 2020 and be completed in July 2021. The new facility will provide holistic, integrated services for at-risk children, youth and families. It is expected to serve approximately 2,000 low-income individuals annually, with programs and services focused on mental health, early care and education, youth development, and family support services.
The project also includes renovation of two existing buildings on the property, providing community meeting space and leasable space for nonprofits and community serving businesses. A portion of the space will be leased to a tenant that provides affordable, fresh, healthy foods in an area considered to be a USDA Food Desert.
Learn more about this project and the LADF at ladfnewmarkets.org
https://www.childrensinstitute.org/wattsgroundbreaking/

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...

03/30/2020

Created by the City of Los Angeles
we've invested $226M+ 's to projects
boosting economically disadvantaged communities
creating & preserving stable jobs
providing greater access to goods & services
attracting new business
creating economic growth
http://ladfnewmarkets.org

03/29/2020

A new Smart & Final store opens at with fresh produce, healthy food and new jobs.
We allocated $10,000,000 's to the 9.5 acre, 118,000 sqft shopping and retail center built as part of South LA redevelopment project in the City of Los Angeles.
ABC7 News reports on the opening.

Smart and Final and other stores are opening in a new shopping center in Watts, a welcome addition to a neighborhood that has a shortage of quality food options.

03/28/2020

We're the and we generate private investment capital with and fund development projects in the City of Los Angeles helping low-income communities out of economic distress.
Do you have a great project? Check out eligibility at http://ladfnewmarkets.org