Investment in Baldwin Village is about community
The nation’s largest Black-owned affordable housing investor made a record $220 million investment to help stabilize the community by purchasing the 669-unit Baldwin Village Apartments.
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The nation’s largest Black-owned affordable housing investor made a record $220 million investment to help stabilize the community by purchasing the 669-unit Baldwin Village Apartments.
“We’re focused on making it 100 percent affordable so that people in the community can afford to live there opposed to building something for people outside of the community to come in and live there.”
This transaction provides both stability and equity for Black-owned businesses that have been instrumental in Leimert Park’s recent resurgence.
The B.R.E.D. podcast highlights the stories of Black investors and host Sam Dolciné has created a real estate investors community to help others enter the field.
The Stocker Street Creative will bring a film studio to Baldwin Hills. This Black-led project will feature 50,000 square feet of sound stage studio space, community rooms, and restaurants.
With billions of development dollars pouring into the Crenshaw District, discussions are taking place to ensure that new development adds value to existing residents rather than displacing them.
New permit requirements in the city of Los Angeles have made it difficult for street vendors to sell goods in the village. Local organizers are working to obtain a long-term permit.
•Baldwin Hills Crenshaw Plaza is more of a community hub than other malls.
•LIVWRK CEO Asher Abehsera discusses community engagement and rumored relationship with Jared Kushner and Donald Trump.
•Some local community groups are supportive of the sale of the mall to LIVWRK.
•Black-led Downtown Crenshaw continues quest to purchase the mall through a community land trust.
While many Black people are being priced out of their own neighborhoods, The Consolidated Board of Realtists is educating locals on how to become home buyers in this expensive real estate market.
The leaders of Downtown Crenshaw are seeking to purchase the Baldwin Hills Crenshaw Plaza and are fighting to stop a group with possible ties to Donald Trump and Jared Kushner from buying it.