Catalytic Development Fund

On July 12, 2018, the County of Los Angeles directed the Los Angeles County Development Authority (LACDA) to be the lead agency overseeing the Catalytic Development Fund (CDF), an economic development initiative designed to pursue alternative strategies for the funds that included more intensive predevelopment activities. These activities include the use of staff resources and outside consultants specializing in land use planning, legal, environmental review, site maintenance, as well as architectural and engineering professionals to conduct feasibility and related studies to confirm the viability of potential development. 

In partnership with the developer, the LACDA uses the CDF funds for predevelopment activity to transform vacant land into community assets.  The LACDA and the developer focus on ensuring the community’s needs are incorporated into the new construction of these special projects.