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Approval for $37M Bonds Issuance for Healthcare Facilities at 3631 Crenshaw Boulevard and 12610 Glenoaks Boulevard

  • When: 2024/11/19
  • Address: 3631 Crenshaw Boulevard, Los Angeles, CA, and 12610 Glenoaks Boulevard, Sylmar, CA
  • City: Los Angeles
  • State: CA
  • Category: Economic Development Incentives
  • Asset Class: Specialized Housing
  • Property Type: Healthcare

The Los Angeles City Council approved the issuance of revenue bonds totaling $37 million for healthcare facility development. This includes $6.5 million for a facility at 3631 Crenshaw Boulevard in CD 10 and $7 million for a facility at 12610 Glenoaks Boulevard in CD 7. This project supports Benevolence Industries Incorporated’s efforts to expand healthcare access in underserved communities.

Why it Matters

The bond issuance facilitates critical healthcare infrastructure development, improving services and accessibility for Los Angeles residents.

Source

Allowed Uses: Acquisition, construction, renovation, equipping, and furnishing of healthcare facilities.