by Ann Sewill, Los Angeles Times
Business Wire
By Antonia Hernández, Sacramento Bee
The Home L.A. Loan Fund is a one-of-a-kind, risk-free charitable investment option focused on fighting homelessness in Los Angeles County. Donor investments are pooled and used to provide three- or five-year seed capital to organizations building permanent supportive housing units for the chronically homeless. By jump-starting the process, this capital accelerates the pace and scale of production, creating more homes for our neighbors who need them most. All Home L.A. loans are guaranteed by CCF. At the conclusion of the loan, 100% of the initial investment is returned to the donor’s fund, from which any or all of it can be directed back into the Home L.A. Loan Fund or to the charitable fund or organization of the donor’s choosing.
By Trisha Riggs, Urban Land Institute Blog
Every night, more than 60,000 Angelenos go to sleep homeless. They are families evicted due to job loss, veterans suffering from trauma, former foster youth, mothers and fathers, daughters and sons. The Home L.A. Fund seeks to combat homelessness by tripling the annual production of affordable supportive housing units that provide needed services to the homeless in Los Angeles.
By Karen Kahn, Nonprofit Quarterly
By Emily Alpert Reyes and Doug Smith, Los Angeles Times
By Anne Stych, L.A. Biz Journal
Nonprofit Finance Fund News
CBS 8 San Diego
First 5 LA