LA Times Highlights LA4LA’s First Big Win

Our Lead Strategist, Sarah Dusseault sat with Los Angeles Times Reporter, Dough Smith to talk about “The Eaves.” Smith hailed that, “The transformation of the Eaves, built as a mixed market-rate and affordable rental with a micro-community vibe, is the first win for LA4LA!

Dusseault hopes the Eaves will show leaders in philanthropy and high-worth individuals a model to invest in.

“We’ve shown it can be done, and we’ve shown how it can be done quickly,” she said.

Infusing a distressed project with philanthropic grants and interest-free loans, coupled with guaranteed income through a government-subsidized master lease, makes it more attractive to long-term investors.

“You can create a situation where you have refinancing opportunities at a much lower interest rate,” Dusseault said..

Read more at the LA Times! Here