NFF Dollars at Work

NFF Dollars at Work

We bring capital where it’s needed most for social good. Here's a look at loan closings from the past few years in the following sectors:

Featured Loan: Little Tokyo Service Center

Cultivating community in LA’s Little Tokyo

$4 million participation in an approximately $12 million CDFI Source Loan with Genesis LA as the lead lender and Low Income Investment Fund as a participating lender (January 2024)

Founded in 1979 by Japanese American activists, Little Tokyo Service Center (LTSC) provides social services and community development services in Los Angeles’ Little Tokyo Historic District and neighboring Asian American and Pacific Islander communities. LTSC serves about 10,000 clients – 90% of whom identify as low income – in Southern California annually through counseling, case management, senior services, and more. In 2022, LTSC provided over 600 hours of counseling to small businesses and about 4,200 hours of mental health support to adults and older adults. Throughout its history, LTSC has developed 22 residential properties totaling over 1,000 units and three commercial properties totaling 84,000 square feet.

In partnership with the City of Los Angeles and the Go for Broke National Education Center, a nonprofit organization that educates people about Japanese-American veterans who served in World War II, LTSC will develop a vacant lot into a mixed-use development including over 200 affordable housing units and 45,000 square feet of commercial space. NFF’s loan participation will help finance the commercial portion of the project, which will preserve several legacy businesses in the surrounding Little Tokyo community and create a permanent headquarters and exhibit space for the GFB Center. Additionally, the new building will provide office space for LTSC’s growing supportive services department. With this investment, LTSC will be able to expand affordable housing opportunities for residents of Los Angeles while also expanding its offices to meet the growing demand of their services.

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