My Home, Mi Casa

submitted by New Markets Tax Credit Coalition on 08/23/17 1

Through a partnership with Jovenes Inc., Genesis LA is purchasing scattered site residential properties in East LA to form a portfolio of more than 40 supportive housing units for at-risk young adults. This project is embarking on a new affordable housing model, which includes no public capital and no operating subsidy. The housing will serve homeless and very low-income youth between the ages of 18 and 25, and will include a unique "equity-share" program that will add to the financial self-sufficiency of the youth.

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