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defined in the laws and regulations governing the nmtc program). at least sixty percent (60%) of the products and services of the organization shall be directed toward low-income communities or low-income persons. the organization's activities shall target particularly economically distressed communities within the city of los angeles. in order to fulfill this purpose, the organization has been certified as a community development entity. the organization has applied and shall continue to apply for allocations of nmtcs under the nmtc program. upon receipt of an allocation of nmtcs, the organization will sub-allocate such nmtcs to one or more for-profit subsidiaries established in accordance with the laws and regulations governing the nmtc program for purposes of making \"qualified low-income community invvestments\" (as defined in the laws and regulations governing the nmtc program) in low-income communities in the city of los angeles.","year":2024,"name":"LOS ANGELES DEVELOPMENT 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