L.A. to Receive Up to $500M in Aid With White House ‘Promise Zone’ Designation

An area of Los Angeles stretching through Pico-Union, Westlake, Koreatown, Hollywood and East Hollywood was set to be designated a “Promise Zone” by the Obama administration this week as part of an anti-poverty initiative.

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The Pico-Union neighborhood is among the areas in L.A. that will be part of the designated “Promise Zone.” (Credit: KTLA)

The designation was expected to pave the way for the city to receive tens of millions of dollars in federal grant money, the Los Angeles Times reported. The city could receive a maximum of $500 million over 10 years.

Mayor Eric Garcetti called the communities receiving the funds some of the “toughest, challenged areas” in L.A., according to the Times.

The federal grants have been set aside under a White House program aimed at fighting “persistent poverty,” The Hill reported. Money from the Promise Zone initiative, which was first announced by President Obama in his 2013 State of the Union speech, would go towards improving housing, expanding education opportunities and providing tax incentives in designated communities across the country.

Other areas slated to receive the federal grants included Philadelphia, San Antonio, southeastern Kentucky and the Choctaw Nation of Oklahoma, according to the Times.

Garcetti was scheduled to travel to the White House and meet with President Obama Thursday.