Los Angeles Dream Center to Expand with $16m NNMF NMTC Allocation

The Los Angeles Dream Center, a volunteer-driven organization that provides vital support services to more than 50, 000 people in need each month, has secured $49.7 million in New Markets Tax Credit (NMTC) allocation to complete its transformation of the former Queen of Angels Hospital Campus.  The allocation included $16.3 million from National New Markets Fund (NNMF).   "The Dream Center facility expansion is precisely in line with the goal of the NMTC program, which is to provide serv...

SDS’ NNMF Helps San Antonio Food Bank Fight Hunger with $14m NMTC Investment for Expansion

SDS' National New Markets Fund, LLC (NNMF) is featured in the San Antonio Express-News and several other national media outlets for helping launch a $28 million expansion of the San Antonio Food Bank (SAFB).  SAFB - the nation's 14th largest regional food bank serving an area where one out of every four children lives in poverty - has secured $27 million in New Markets Tax Credits (NMTCs) to help fund the expansion.   The expansion will enable SAFB to double its capacity and increase the...

Los Angeles Business Journal Features SDS and its Founder

The Los Angeles Business Journal (LABJ) article, "West L.A. Firm Helps Take Stakes in Communities, "  profiles SDS and its founder, Deborah La Franchi. The article focuses on the impact investing activities of SDS, including its success in raising capital for the Los Angeles YWCA Job Corps Campus, assisting with the development of a new mortgage model for Habitat for Humanity and Ms. La Franchi's earlier efforts at helping structure Genesis LA and serving as its first CEO.   ...