Congratulations to @mas4la for opening escrow on another amazing community housing project!
This is a partnership between LA Más and Self-Help Ventures Fund. Together, they are identifying rent-controlled multifamily properties in Northeast LA that they can purchase, rehab, and keep tenants in place.
Some folks have lived in these properties for 30+ years. These are their homes, even if they don’t own them.
In this latest one, there are 11 residents in three occupied units who, if LA Más purchases the property, will be able to stay long-term and not get displaced.
There are two vacant units that they plan to rent at below market value to community members.
This is such a cool project and I am so honored to be a part of it. This will be their second acquisition in the neighborhood, with more to come. The work was featured in the LA Times, which has helped galvanize funding and visibility.
[Sidenote, if you know any property owners in Northeast LA who would be interested in selling to a non-profit, have them reach out to me!]
Congratulations on getting this offer accepted, and we hope that after all due diligence is complete we can bring this to closing!
Sammy Lyon
Associate Broker
Dow Capital
DRE #02113227
Office Lic. #01081741
#buyahouseinLA#realestate#realtor#homebuying#losangeles#NELA#housing#gentrification@selfhelpcreditunion@latimes@ktla5news@theeastsider@dow.capital#affordablehousing