New Markets Tax Credit
LA Family Housing Campus

Opportunity Fund invested $19.9 MM in this 38,000 square foot family health center providing primary care and other health services.

LA Family Housing Campus

Family Housing

LAFH is a unique provider because its supportive services and real estate development address the full continuum of care for homeless and low-income households, from temporary housing to permanent rental housing, all linked to supportive services

LAFH is redeveloping their anchor property into a comprehensive community service center, called the Campus, in a two-phased process. Phase 1, which is complete, includes an intake and assessment center, 13 crisis housing units, and a 28,000 sq. ft., 250-person shelter serving homeless individuals. Phase 2, with construction projected to be complete in the Spring of 2018, will include a 6,500 sq. ft. Federally Qualified Health Center, 5,000 sq. ft. homeless resource center, administrative officer, and permanent supportive housing (housing portion not funded by NMTC). 

When completed, this project will provide a wide array of homeless services to an estimated 6,628 homeless persons and their families annually. 100% of the clients that LAFH will serve will be homeless and low-income. Per governmental grantor requirements, each LAFH client’s income is verified and their median incomes are stunning:  $6,975 (single individuals) and $9,960 (family of 4).

$30.725 million

invested in the gut rehab and demolition of an aging facility and the construction of new buildings 

 LAFH

Community Impacts:

-   270 full-time equivalent jobs created/retained (157 for low-income individuals)

-   107 construction jobs

-   Phase 1: 4,160 unique individuals served annually (76% minorities)

-   Phase 2: estimated 2,468 unique individuals served annually

Community Demographics & Characteristics:

-   Surrounded by 7 Census tracts with avg. poverty rate of 23.5% and median family income that is 53.6% of Area Median Income

-   U.S. Dept. of Health and Human Services HRSA Medically Underserved Area