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Restore Neighborhoods LA

Restore Neighborhoods La

Real Estate, 315 W 9th St Ste 407, Los Angeles, California, 90015, United States, 11-50 Employees

restoreneighborhoodsla.org

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Who is RESTORE NEIGHBORHOODS LA

RNLA is a not for profit holding and development corporation created in January 2009 to purchase foreclosed or abandoned properties at a discount from lenders and loan servicers for resal...

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  • 315 W 9th St Ste 407, Los Angeles, California, 90015, United States Headquarters: 315 W 9th St Ste 407, Los Angeles, California, 90015, United States
  • 2009 Date Founded: 2009
  • 11-50 Employees: 11-50
  • dollar-icon Revenue: $1 Million to $5 Million
  • tech-icon Active Tech Stack: See technologies

industries-icon Industry: Real Estate

SIC SIC Code: 6531

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Restore Neighborhoods LA Org Chart and Mapping

Employees
Holli Carr

Holli Carr

Transaction Coordinator

Vicky Cortes

Vicky Cortes

Transaction & Office Manager

Karan Russell

Karan Russell

Senior Contracts Manager

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Frequently Asked Questions Regarding Restore Neighborhoods LA

Answer: Restore Neighborhoods LA's headquarters are located at 315 W 9th St Ste 407, Los Angeles, California, 90015, United States

Answer: Restore Neighborhoods LA's official website is https://restoreneighborhoodsla.org

Answer: Restore Neighborhoods LA's revenue is $1 Million to $5 Million

Answer: Restore Neighborhoods LA's SIC: 6531

Answer: Restore Neighborhoods LA has 11-50 employees

Answer: Restore Neighborhoods LA is in Real Estate

Answer: Restore Neighborhoods LA contact info: Phone number: Website: https://restoreneighborhoodsla.org

Answer: RNLA is a not for profit holding and development corporation created in January 2009 to purchase foreclosed or abandoned properties at a discount from lenders and loan servicers for resale to qualified owners. The Los Angeles Housing Department (LAHD) worked closely with Enterprise Community Partners to establish RNLA as a community based development organization. LAHD signed a Neighborhood Stabilization Program (NSP) agreement with the Department of Housing and Urban Development (HUD) in February 2009 for a total of $32.8 million and is expected to obligate the entire amount within 18 months. In January 2010, LAHD was awarded a second NSP allocation of $100 million to be spent within 3 years. RNLA is a sub recipient agency contracting with LAHD to carry out the bulk purchase of foreclosed properties using these NSP funds. RNLA is also working in collaboration with the National Community Stabilization Trust (NCST) to acquire foreclosed properties from lending institutions. NCST is a newly formed national nonprofit organization whose mission is to provide an efficient and cost-effective mechanism for transferring foreclosed properties from lenders, servicers, investors, and government sponsored enterprises to local programs working to stabilize communities from foreclosures

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