New Markets Tax Credit Program
The City of Los Angeles received a $75 million allocation of New Markets Tax Credits (NMTCs) in the 2007 Funding Round. The NMTC program permits investors to receive a credit against federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). The City’s certified CDE will use its tax credit allocation to generate investment capital which will be used to provide flexible financing products to eligible borrowers to build economic development projects throughout the City of Los Angeles.
Cultural Tourism
Tourism is a key component to economic growth within many of the Agency's redevelopment project areas. The Cultural Tourism pages describe the Agency's activities that are supportive of Cultural Tourism.
Los Angeles River Revitalization*
The Los Angeles River is one of the City's greatest assets. Long seen only as a flood control channel, the River holds the promise of being transformed into an environmentally well-designed and managed feature that will reintroduce nature into the highly urbanized City.
*file size 18MB