Need creates a hunger that can only be satisfied by the fruits of opportunity.
Housing & Economic Opportunity
We know that having a stable job, a safe place to live and reliable transportation can go a long way in strengthening individuals, families and communities. Yet in Los Angeles County, one in six residents is unemployed or underemployed; rents have risen sharply over the last decade, while wages have declined 10 percent; and on any given night, 44,000 residents experience homelessness, up 12 percent over the last two years.
L.A.’s future in inextricably linked to increasing economic opportunity that supports basic needs, jobs, housing and transit to create a more equitable place to live and work.
CCF’s Housing & Economic Opportunity program combines grantmaking, lending and advocacy to build a safer and more prosperous Los Angeles. Since 2000, we have granted almost $30 million to support low-income entrepreneurs, small businesses and nonprofits as they build wealth, create jobs and revitalize their communities. By funding affordable and permanent supportive housing for those in need, we seek to ensure that all L.A. residents have the ability to live with dignity and take control of their own futures.
In addressing Los Angeles’ housing crisis, there is no more effective tool than permanent supportive housing, which combines long-term affordable housing with critical services such as job training, case management and health care, can drive systemic change to end our homelessness crisis. It is effective and affordable. This year, CCF, with other philanthropic partners, committed funds to leverage $65 million for the launch of 1,000 new homes, more than tripling current production.
Providing residents with the resources and opportunities they need to transform their own lives and communities, enables all Angelenos to contribute to building a stronger and more prosperous Los Angeles.
For more information, visit our housing and economic opportunity resource library.
To join with CCF in ensuring that all Angelenos have safe and secure homes and the opportunities they need to succeed, click the button below.