New Loan Closing: SEED Los Angeles
Breaking down barriers to success through education and wraparound services
$3.75 million sponsor loan + $910,000 direct loan
SEED is the nation's first and only network of public, college-preparatory boarding schools designed for students who need – and deserve – a 24-hour learning environment to achieve their full potential. NFF’s loans in this New Market Tax Credit project will support the construction of a brand-new SEED campus in South Los Angeles on a property that has remained vacant since the 1992 Rodney King civil unrest. This campus will form part of a larger community development that includes affordable housing and a major public transit hub. SEED LA will serve 400 high school students, focusing on youth who are homeless or housing insecure, have an immediate family member who is incarcerated, or have interacted with Los Angeles County Children and Family Services. In addition to a high-quality education, SEED LA will provide wrap around services for youth who face barriers inside and outside the school, with the goal of creating a safe environment where those students can achieve academic success and thrive beyond the classroom.
Partners: Chase Bank, Capital Impact Partners (CIP), Low Income Investment Fund (LIIF), Local Initiatives Support Corporation (LISC), Weingart Foundation
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