Restore Neighborhoods LA Email Format
Real EstateCalifornia, United States2-10 Employees
Restore Neighborhoods LA is a small nonprofit organization in the real estate sector based in Los Angeles, California. Established in January 2009, it operates as a holding and development entity aimed at acquiring foreclosed or abandoned properties from lenders at discounts and reselling them to qualified owners. The organization was formed with involvement from the Los Angeles Housing Department and Enterprise Community Partners to position RNLA as a locally focused development program. RNLA serves as a subrecipient contracted with LAHD to oversee the bulk purchase of foreclosed properties as part of LAHD’s housing initiatives. It collaborates with the National Community Stabilization Trust to obtain foreclosed properties from lending institutions for local stabilization efforts. These collaborations reflect RNLA's role within the regional real estate landscape and its focus on neighborhood revitalization in the city and surrounding area.