Primestor Development, a leading minority-owned and minority-led urban impact developer, announced that it has officially closed the first round of its Urban Vision Fund. Anchored… Read More »Primestor Secures $165M To Fund Vision For Development In Urban Communities
The Board’s “Project PowerHouse” pilot program would end requirement that developers of 100% affordable housing pay for power infrastructure upgrades and implement plans for faster… Read More »LADWP Approves Pilot Program To Speed Construction and Lower Development Costs For Affordable Housing
The USC Marshall School of Business and the USC Sol Price School of Public Policy have announced a new joint degree, BS Real Estate Finance and Development… Read More »USC Marshall and USC Price School Announce New Joint Degree In Real Estate
The Los Angeles Metropolitan Transportation Authority (LA Metro) board announced their intention help turn surplus, vacant, and underused land over to developers for building temporary… Read More »LA Metro To Provide Surplus Land Near Transit To Create 10K Affordable Homes
As real estate investors continue to ‘discover’ untapped potential in South Los Angeles, skyrocketing home prices and unsustainable rent growth have fueled legitimate concerns over… Read More »For Avanath CEO Daryl Carter, A $220M Investment In Baldwin Village Is Really All About Community
After 5 years as the Director of Economic Policy for Los Angeles Mayor Eric Garcetti, Ron Frierson recently announced that he will take over a… Read More »On The Move: Senior Official Leaves Mayor’s Economic Team To Pursue New Opportunity With Amazon
United Way of Greater Los Angeles launched a new program, the Affordable Housing Initiative (AHI), with the announcement of $62 million in funding to create… Read More »United Way of Greater Los Angeles Launches $62M Affordable Housing Initiative
In 2019, a Black real estate developer named Brian Rice tried to get a loan to renovate some buildings he purchased on a neighborhood commercial… Read More »The Devaluation of Assets in Black Neighborhoods: The case of commercial property
The 2022-2023 state budget signed by Governor Gavin Newsom on June 30th, included $50M to establish the California Investment and Innovation Fund, a state-level Community… Read More »New California Budget Includes $50M For First State-level CDFI Fund
The Los Angeles County Board of Supervisors unanimously approved a plan to return Bruce’s Beach to the descendants of a Black couple who were stripped… Read More »LA County Supervisors Unanimously Approve Plan To Return ‘Bruce’s Beach’ To Descendants Of Rightful Owners