East Bay Asian Local Development Corporation

For more than 40 years, The East Los Angeles Community Union (TELACU) has been improving the lives of individuals and families through community development, economic empowerment, and educational advancement. TELACU is the largest Community Development Corporation in the United States.
The East Los Angeles Community Union (TELACU) is using HFFI financning to support a low-interest loan for Titan Foods, Inc. to improve access to affordable and healthy foods in Commerce City, a section of East Los Angeles that is underserved by grocery retail. Commerce City has more than double the national unemployment rate and this project will create 33 new, permanent, full-time jobs, the majority of which will be filled by low-income individuals, including CalWORKS/TANF recipients, non-custodial parents, and at-risk youth. The project will substantially improve the community's access and consumption of healthy foods, while improving the local economy.
Projected Impacts

  • Renovation of 17,910 sq. ft. building
  • Purchase of inventory, equipment, and working capital
  • 33 new, full-time, permanent jobs created

Source of money: HFFI CED Program; Fiscal Year(s): 2011