YWCA Greater LA Receives Labor Department Stimulus Grant
The YWCA Greater Los Angeles has been awarded an $82-million American Recovery and Reinvestment Act grant for the YWCA GLA Job Corps Urban Campus building, now under construction in downtown Los Angeles� South Park business district.
The U.S. Department of Labor provided the grant, which will fund a 20-year lease agreement for the new building. The project, funded with various resources, leveraged $70 million in new market tax credits from organizations, which partly funded the project’s construction costs, including Bank of America, JP Morgan Chase, Enterprise Community Investment and LISC and the Los Angeles Development Fund, managed by the Community Redevelopment Agency of the City of Los Angeles.