We invite you to view our recently released announcements on events, new initiatives to improve quality of for all LA residents, new staff positions and partnering opportunities with us.
RELEASE: CITY OF LOS ANGELES HOUSING + COMMUNITY INVESTMENT DEPARTMENT RECEIVES $472,000 GRANT FOR CHILD PASSENGER SAFETY PROGRAM
RUSHMORE D. CERVANTES
GENERAL MANAGER, LOS ANGELES HOUSING + COMMUNITY INVESTMENT DEPARTMENT
FOR IMMEDIATE RELEASE
November 18, 2015
Los Angeles Housing + Community Investment Department Contact:
Farrah Parker, (213) 978-1675
CITY OF LOS ANGELES HOUSING + COMMUNITY INVESTMENT DEPARTMENT RECEIVES $472,000 GRANT FOR CHILD PASSENGER SAFETY PROGRAM
(Los Angeles, CA -, November 12, 2015 – LOS ANGELES)-- The Los Angeles Housing + Community Investment Department (HCIDLA) received a $472,000 award from the California Office of Traffic Safety (OTS) to support the City’s Child Passenger Safety (CPS) Program. With an aim to provide public education and increase awareness, the program prevents the injury and death of hundreds of children involved in car accidents each year. The funds also allow the City to provide a limited number of free car seats to eligible low income city residents.
“All children, regardless of their socio-economic background, deserve to travel with proper safety measures in place,” said Rushmore Cervantes, General Manager of HCIDLA. “By educating parents, guardians, and caregivers on the dire importance of passenger safety, these grant funds result in stronger communities where we reduce the risk of child injury.”
In addition to highlighting safety regulations, the program also teaches families how to properly select and install child safety seats. Entering its 11th year of funding, the CPS distributes an average of 3,400 child safety seats each year having served more than 37,000 children since the program’s inception.
“By connecting with families in a compassionate way, we increase a child’s chances of traveling safely and create an environment where parents become advocates in their neighborhoods,” said Laura Guglielmo, HCIDLA Executive Officer. The community workshops and seminars offer comprehensive support by outlining options for infant seats and appropriate state-mandated booster seats for older (and taller) children.
Free car seats may be provided to eligible parents and guardians who complete the two-hour class.
For more information about the CPS Program call 213-808-8962 or email Jimmy.Valenzuela@lacity.org.
RELEASE: MAYOR ERIC GARCETTI ANNOUNCES $50 MILLION FUND TO CREATE, PRESERVE AND RETROFIT AFFORDABLE HOUSING IN LOS ANGELES
MAYOR ERIC GARCETTI
CITY OF LOS ANGELES
FOR IMMEDIATE RELEASE
August 10, 2015
City of Los Angeles Contact:
Mayor's Office, (213) 978-0741
MAYOR ERIC GARCETTI ANNOUNCES $50 MILLION FUND TO CREATE, PRESERVE AND RETROFIT AFFORDABLE HOUSING IN LOS ANGELES
New Generation Fund expansion brings public-private capital to critical early development
LOS ANGELES – Los Angeles Mayor Eric Garcetti, the Los Angeles Housing + Community Investment Department and Enterprise Community Partners Inc. today announced the expansion of the New Generation Fund, which will bring an additional $50 million to create, preserve and retrofit affordable housing in the city.
"The public and private sectors must work together to preserve and expand affordable housing," said Mayor Eric Garcetti. "The New Generation Fund is an excellent example of how the City can leverage limited resources to pursue these goals. The new retrofit features are especially important to Los Angeles, and should help us move more quickly on preservation."
The New Generation Fund offers pre-development and acquisition funding through a public-private partnership between the City of Los Angeles and a consortium of banks, financial institutions and community development financial institutions (CDFIs). In this latest round of funding, the City’s renewed commitment of $10 million has been used to leverage $50 million in private capital that will be made available on a revolving loan basis to affordable housing developers.
“Early stage funding is critical in the development of affordable housing, especially in a high-cost city like Los Angeles with great market pressures,” said Jeff Schaffer, VP and Southern California market leader, Enterprise. “Enterprise has a generational goal to end housing insecurity, meaning no more homelessness and no more families paying 50 percent of their income toward housing. A number of flexible financing sources are needed to accomplish this, including programs like the New Generation Fund.”
Since its 2008 inception, the New Generation Fund has provided more than $69 million for the construction and preservation of 1,355 affordable apartments including:
- Historic rehab of the Rosslyn Hotel in downtown Los Angeles, now home to 264 formerly homeless individuals including 100 veterans.
- Construction of the Metro @ Hollywood, a transit-oriented development providing 120 affordable apartments for low-income seniors.
- Construction of Riverwalk at Reseda, 77 new apartment homes for families in the San Fernando Valley.
The renewed fund will continue to invest in developments that address the City's goal of integrating affordable housing with neighborhood amenities, public transportation, social services and energy conservation.
“The New Generation Fund is a great product of collaboration and innovation that is key to getting the “most bang for the buck” in our current business environment. The Los Angeles Housing + Community Investment Department looks forward to building more entrepreneurial public and private partnerships like the New Generation Fund that are essential to a holistic approach to addressing the housing and community needs of Los Angeles,” said Rushmore Cervantes, General Manager, Los Angeles Housing + Community Investment Department.
Citi, Wells Fargo, Metropolitan Life, JPMorgan Chase and Deutsche Bank contributed a combined commitment of $50 million for this fund renewal. Enterprise Community Partners is the fund manager.
"The New Generation Fund has been an important tool to building affordable housing in Los Angeles. Our commitment helps to ensure that this important work continues in building and preserving viable communities," said Richard Gerwitz, co-head, Citi Community Capital.
About Los Angeles Housing + Community Investment Department
In 2013 the Los Angeles Housing Department and the Community Development Department were integrated into the Los Angeles Housing + Community Investment Department (HCIDLA). With a vision to be the champion for a Los Angeles free of poverty, homelessness, and substandard housing, HCIDLA aims to promote livable and prosperous communities through the development of decent, safe, and affordable housing, neighborhood investment, and social services.
About Enterprise Community Partners, Inc.
Enterprise works with partners nationwide to build opportunity. We create and advocate for affordable homes in thriving communities linked to jobs, good schools, health care and transportation. We lend funds, finance development and manage and build affordable housing, while shaping new strategies, solutions and policy. Over more than 30 years, Enterprise has created nearly 340,000 homes, invested $18.6 billion and touched millions of lives. Join us at www.EnterpriseCommunity.com orwww.EnterpriseCommunity.org.
Feb. 4, 2015: Landlords and Tenants Learn About the Rent Stabilization Ordinance --The LA Housing + Community Investment Department holds free workshops for landlords and tenants on their responsibilities and rights are under the ordinance… [link to docs]