Chinatown Pilot Project: Little Tokyo Service Center Acquires Site for Affordable Shared Housing

credit:

Los Angeles is about to get its first new building of affordable housing in a decade.

A nonprofit called Little Tokyo Service Center will break ground Wednesday on 823 Cleveland, a five-story, 53-unit apartment building in Chinatown that will include nine suites of five to six bedrooms and a shared kitchen and living area, reports the Los Angeles Times.

It will be paid for by private funders including Apple, the California Community Foundation, and Genesis LA.

"There's plenty of co-living properties that are out here in Los Angeles, but I think we might be one of the first to experiment with affordable, income-restricted shared housing," says Debbie Chen, a real estate director forLTSC.

"We want this to be a community hub," she says.

"There's a lot of effort and attention being focused now on ways we can help keep people housed and help reduce their rent burden."

There are 24 available and affordable rental units for every 100 households in LA earning at or below 50% of the median income, reports the Times.

Chen tells KABC-TV that "the affordable housing crisis is citywide and countywide," and "we do see the severe impacts of this housing crisis, which by now many people recognize is inextricably linked to the homelessness crisis

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Social Entrepreneur: Western Charities Must Empower African Business

Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more

Kosciusko County Goes 'All in' With New Countywide Initiative For Economic and Community Growth
Foundation: Lilly Endowment

All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more

Bill Gatton Foundation

The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more

Local Organizations Win $9 Million For New Affordable Housing, Social Services

Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more

Kindness and Philanthropy Feeding People in Tahoe
Foundation: Parasol Tahoe Community Foundation

Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more

Latino Community Foundation Awards $3.88M in Grants Across California and Nevada
Foundation: Latino Community Foundation

Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more

Beyond Philanthropy: Alejandro Betancourt Lopez's Vision of Impact-Driven Business Development

Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more

Thoughtful Philanthropy For A Happier Community

Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more

Nonprofit Finance Fund Hires Kareem Thomas As Chief Credit Officer

Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more

Secu Foundation Honored With Ccuf Hero Award For Partner in Philanthropy

SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more