2020 ELACC Impact Report FINAL

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2020 ELACC Impact Report FINAL 22002200 A MESSAGE FROM ELACC STAFF AND OUR BOARD OF DIRECTORS 2020 started out as a year of celebration, one in which East LA Community Corporation marked its 25th anniversary of providing affordable housing and commercial development opportunities for low and moderate-income families and small businesses on the Eastside. Unfortunately, our plans shifted in March, as COVID-19 changed the ways we were able to serve our community. It was a MMIISSSSIIOONN trying year for many but despite these To advocate for economic and challenges, our team continued the social justice in Boyle Heights and essential work that makes ELACC unique. East Los Angeles by building We're proud to share that through our grassroots leadership, developing innovative programs and services, ELACC affordable housing and increased aid to one of the areas hardest neighborhood assets, and hit by the pandemic. providing access to economic development opportunities for low Across the Eastside, we ramped up our and moderate-income families. food pantries and increased food security; supported families, small businesses, and emerging entrepreneurs who were struggling due to income loss; and VVIISSIIOONN improved the financial and housing We envision a community where stability of families in Boyle Heights and everyone lives with opportunity, East Los Angeles. dignity, and autonomy. We hope you enjoy reading our most recent impact report. Our work last year would not have been possible without VVAALLUUEESS your unwavering support. Here’s to another year of impact! Heart - Community Innovation - Accountability In service, Inclusivity - Resilience Justice ELACC Staff and Board of Directors 1 2020 - 2021 OUR IMPACT NUMBERS Raised through grants and $1.5 M individual contributions Households served through our affordable housing 879 portfolio Residents served through our 770 asset and wealth building programming Improved participant Increased Reduced participant credit scores by 150 savings debt by $1,000 points by $800 Emerging entrepreneurs and low-income residents supported through direct cash assistance in partnership with the Los Angeles 1,640 Street Vendor Campaign, Prosperity Now, Wells Fargo, and JPMorgan Families Small businesses accessed our served through our 300 monthly food 17 commercial pantry property portfolio Began or continued construction on: Began the leasing process on: 34 units of affordable housing for 96 units of affordable housing for veterans and large families in East LA senior veterans in Sun Valley 85 units for formerly homeless 29 units of affordable housing for low- veterans and families in Boyle income families and transitional aged Heights youth (TAY) in Boyle Heights Read more about our services at elacc.org/services. 2 THANK YOU TO OUR GENEROUS SUPPORTERS Aaron Elster East West Bank and FHL Mission Economic Adalia Rodriguez Bank of San Francisco Development Agency Amelita Pascual Elisa Vasquez National Association for American Heart Association Enterprise Community Latino Community Asset Ana Mascarenas Partners Builders Annenberg Foundation & Evangeline Ordaz New Venture Fund Metabolic Studio Gladys Rodriguez Prosperity Now Araceli Sandoval Glen Dake Patricia Almeida Arnoldo Ulloa Golden State Opportunity Richard Doss Ashley Hernandez Goldhirsh Foundation Roy & Patricia Disney Ballmer Group Isela Gracian Family Foundation Bank of America Corporate Jesse Nickell Sarah Dar Philanthropy JPMorgan Chase Foundation Sarah Yun Boston Private Kenya Nejin Steven Sharp California Bank & Trust Koreatown Youth and The Three Sisters Foundation California Community Community Center UnidosUS Foundation Kresge Foundation United Way of Greater The California Endowment Liberty Hill Foundation Los Angeles California Humanities Los Angeles County Arts US Bank Capital One Bank Commission Wells Fargo Foundation Carlos Vasquez Manuel Bernal Weingart Foundation Cathay Bank Foundation Manufacturers Bank The Women’s Collective Catherine Kurland Maria Cabildo Giving Circle CIT Bank Mercedes Martin Yvonne Berumen City of Los Angeles Common Counsel Our monthly food pantry Foundation helps hundreds of families Corporation for Supportive Housing put food on the table and is Daniel Rodriguez led by our amazing David Greene volunteers, many of whom David Somers are ELACC tenants like Diane Thomas Martha who lives in Dylan Sittig Cielito Lindo I. 3 THANK YOU TO OUR REAL ESTATE PARTNERS Alternative Energy Systems Everyone In Campaign Los Angeles County Supervisor, AMJ Construction FSY Architects District 3 Birba Group Gallagher Los Angeles Housing and Bocarsly Emden Cowan Esmail & Genesis LA Community Investment Arndt, LLP Geocon West Incorporated Department, Bond Program Boston Private Gonzalez Goodale Architects Mission Economic Development Bridge Housing Gubb & Barshay Agency California Community Foundation Housing Authority of the City of Nancy Lewis Associates California Community Reinvestment Los National Equity Fund, Inc. Corporation Angeles NEF -LISC Bring Them HOMES California Debt Allocation John Stewart Company Veteran Initiatives Committee Kingdom Development, Inc. New Directions for Veterans California Housing Partnership Kutak Rock Osmart Construction Corporation LA Family Housing Pacific Environmental Company California Tax Credit Allocation LINC Housing Paul Hastings LLP Committee Little Tokyo Service Center Promise Energy, Inc. Century Housing Corporation Local Initiatives Support PV Jobs CIT Bank Corporation QES Incorporated City of Los Angeles Mayor's Office Los Angeles Council District 14 RGF Engineering Commonwealth Land Title Los Angeles County Development Rhyton Engineering Company Authority Saucedo Consulting Corporation for Supportive Housing Los Angeles County Metropolitan State of CA - Affordable Housing CREA Transportation Authority and Sustainable Communities Del Richardson and Associates Los Angeles County Supervisor, Program (AHSC) Enterprise - New Generation Fund District 1 State of CA - Veterans Housing and Homelessness Prevention Program (VHHP) Strategic Growth Council The Home Depot Foundation U.S. Bank Umpqua Bank Walton Construction Wells Fargo Bank Westport Construction Y&M Architects Yasmin Tong Consulting 4 DDEEVVEELLOOPPMMEENNTT PPIIPPEELLIINNEE Our Buildings 811 Blades Street - 3 units Percy/Indiana - 7 units 811 Blades Street 732 S. Indiana Street Alta Vista Apartments - 60 units Playground Apartments - 5 units 5051 E. 3rd Street 1462 Playground Street Boyle Hotel-Cummings Block - 50 units Sol y Luna Apartments - 51 units 1781 E. 1st Street 2917 E. 1st Street Cielito Lindo Apartments I – 50 units Vista Dunes Apartments - 79 units 2935 E. 1st Street 44950 Vista Dunes Ln, La Quinta, CA Cuatro Vientos Apartments - 24 units Whittier Place Apartments I- 24 units 5331 E. Huntington Drive North 4125 Whittier Blvd Eastlake - 5 units 2516 Eastlake Avenue Pre-Development 3211 – 3213 ½ Altura Walk Lucha Reyes - 59 units Guy Gabaldon Apartments (aka Beswick 119, 123, 127 Bailey Street, Senior Housing) - 32 units 1724 & Pennsylvania Ave 3553 Beswick Street Los Lirios Family Apartments - 64 units Kern Villa Apartments - 48 units 1st Street & Soto 200 N. Kern Avenue Los Puentes - 64 units Las Flores Apartments - 24 units 249 N. Chicago & 318 Breed St. 1074 S. Rowan Avenue Las Margaritas Apartments - 41 units Under Construction 137 N. Soto Street Whittier Place Apartments II - 34 units 4101 Whittier Boulevard Las Mariposas Apartments - 16 units 438 S. Evergreen Avenue Nuevo Amancer - 61 units 621 N. Cummings Street 111 N Rowan Avenue 2537 E. 3rd Street 319 N. Fickett Street Rosa de Castilla - 85 units 4208 E. Huntington Drive South Linda Vista Senior Apartments I - 22 units 630 S. St. Louis Street Lease Up Linda Vista Senior Apartments II - 96 units 610 S. St. Louis Street Cielito Lindo II - 29 units 2423-2431 E. 1st Street Lorena Terrace Apartments - 47 units 611 S. Lorena Street Sun Valley Senior Apartments - 96 units 9041 N. Laurel Canyon Boulevard Los Girasoles Apartments - 11 units 952 S. Record Avenue Paseo del Sol - 7 units More details at elacc.org/housing. 417-419 N. Soto Street 5 THE C.O.R.E PROJECT In 2020, ELACC - in partnership with Inclusive Action for the City and Little Tokyo Service Center - officially launched C.O.R.E, the Community Owned Real Estate project. This joint initiative aims to preserve small businesses and nonprofits in gentrifying neighborhoods by acquiring commercial real estate and providing stable rents to tenants in hopes of creating a safe space for small businesses to stay in the communities they serve. The program also creates a pathway towards ownership for C.O.R.E. tenants in the properties they occupy. Now in 2021, C.O.R.E has control of five multi- tenant commercial sites and is nearly complete in the rehabilitation phase. To date, 4 of the 5 sites are up and running with an exciting range of local small businesses, and leasing opportunities still Living [at Guy Gabaldon available! We are excited to continue working Apartments] makes me feel with our partners to explore collective approaches part of a community and gives to ownership and create economic stability and me a sense of security. It's a wealth on the Eastside. Stay tuned! blessing to have a roof over my head and know that I have STAY CONNECTED TO ELACC helpful resources at my disposal. -- Fred Washington, US Veteran Help us continue to 2917 East 1st Street, Suite 101 make a difference. Los Angeles, CA 90033 DONATE TODAY! www.elacc.org (323) 269-4214 [email protected] @elaccorg 6.
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