We’re in Escrow—Twice!
Exciting news! In early March, we entered escrow on two residential properties in Northeast LA in partnership with Self-Help Ventures Fund! We look forward to building on the incredible win last October with residents on Arvia Street in Cypress Park.
The first, a 5-unit complex in Lincoln Heights, came to us through a current resident who learned about our work with Arvia in the LA Times. With two vacant units, this project offers both housing preservation and new opportunities for local residents.
The second, a 3-unit complex in Highland Park, is fully vacant and includes family-sized units. During escrow, we’ll be assessing ADU potential and working to remove the property from the city's REAP program, which flags significant code violations.
Escrow is a critical time for refining budgets and securing funding. Property acquisition is complex, and we’re committed to demystifying the process for our community. We’ll be exploring low-cost loans and Program-Related Investments (PRIs) with institutional and housing partners. If you have financial resources and want to collaborate, reach out to helen@mas.la.