The New Generation Fund: Paving the Way for More Affordable Housing

4-stories affordable mutli-family building with a playground in the commonarea

The City of Los Angeles Housing + Community Investment Department (HCIDLA) and Enterprise Community Partners Inc. announced this week that the New Generation Fund (NGF) has invested more than $100 million, paving the way for the creation and preservation of more affordable housing in the city.

So what exactly is the NGF? 

A partnership between the City of Los Angeles and financial institutions like Citi, Wells Fargo, Metropolitan Life, and JPMorgan, the fund offers critical resources to bring housing projects to reality.

Want to learn more about this vital pathway to improving Los Angeles communities? Click here to explore.

(Photo credit: Adobe Communities)