Industry News

Industry News

On The Move: Senior Official Leaves Mayor’s Economic Team To Pursue New Opportunity With Amazon

ByIn The Building LA – Staff WriterAug 18, 20222 min read

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 similar role with one of…

United Way of Greater Los Angeles Launches $62M Affordable Housing Initiative

ByIn The Building LA – Staff WriterJul 26, 20224 min read

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 homes for nearly 600 people.…

The Devaluation of Assets in Black Neighborhoods: The case of commercial property

ByIn The Building LA – Staff WriterJul 11, 20227 min read

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 corridor in the majority-Black Ensley…

New California Budget Includes $50M For First State-level CDFI Fund

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 Development Financial Institution (CDFI) fund.  This…

LA County Supervisors Unanimously Approve Plan To Return ‘Bruce’s Beach’ To Descendants Of Rightful Owners

ByIn The Building LA – Staff WriterJun 29, 20223 min read

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 of the land in the…

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