5463 Huntington Drive
About the project
The El Sereno Community Land Trust is a neighborhood based nonprofit 501(c)(3) that was created out of concern of the growing housing crisis and gentrification that was taking over NELA communities. Residents and stakeholders of the Eastside Cafe and United Caltrans Tenants saw a need to reclaim and secure land to preserve affordability in the neighborhood.
ESCLT was created by El Sereno residents and stakeholders to provide opportunities for the residents of the neighborhood to secure community spaces and housing that is held in stewardship by community members on a long-term basis. They are dedicated to de-commodifying local real estate by acquiring properties that will be held by the land trust in perpetuity. They also work with residential and commercial tenants that wish to stay in their homes and businesses to help preserve the networks and support systems.
El Sereno Community Land Trust is located in Los Angeles, CA.
LISC provided a $140,000 loan to support the acquisition of the Market Building, which will be developed into a Cooperative Market that will provide access to fresh local organic produce.
Partner:
El Sereno Community Land Trust
Location:
Los Angeles
Total Investment:
$140,000
Sq. Ft.:
1,250 sq. ft.
Specialized Funding Source:
Kaiser
Product:
Acquisition loan
Website:
elserenocommunitylandtrust.org
UN SDGs: