South Los Angeles hasn't historically been top-of-mind when it comes to investment opportunities. The more than $6 million of investments made through the federal New Markets Tax Credit Program (NMTC) for the Martin Luther King, Jr. Community Hospital (MLKCH), are an important signal of change to that thinking. Investors include Citi, Chase, Beyond The Bottom Line Group & Aszkenazy Development, Stonehenge Capital, and U.S. Bank.
MLKCH uses the funds to support expansion of healthcare services, taking direct aim at areas of high patient need. Capital projects completed with NMTC funding allow the hospital to offer care for conditions before they progress, putting patients back on the path to health.