Established in 1968, TELACU is a Hispanic-owned and operated business and is one of the largest community development corporations in the United States. It owns and operates a family of companies in various sectors, including TELACU Community Capital, TELACU Construction & Construction Management, TELACU Development, TELACU Real Estate Services, TELACU Residential Management and TELACU Weatherization / Inter-City Energy Systems. The company specializes in the construction of schools, public housing, recreational centers, government offices, medical facilities, and water transmission and distribution systems. It offers housing, schedule management and technical support services. The company additionally provides financial assistance solutions for working capital and equipment, inventory and debt restructuring. It also provides a variety of community-based education and scholarship programs and supports several schools and colleges. With an asset of more than$550 million, TELACU maintains its corporate headquarters in Los Angeles.