Updated: Mar 7, 2022
The Los Angeles Rental Owners Collaborative (LROC) is a new philanthropic program backed by the Chan Zuckerberg Initiative (Facebook founder Mark Zuckerberg & his wife Priscilla Chan) that aims to provide local rental owners in South Los Angeles with:
Rental relief grants to off-set rental income loss
Financial consulting and coaching
Connections to local, state, and federal relief programs
Access to resources that can help add value and/or reduce costs and increase profitability over time, so you can maintain your assets for years to come.
By providing a direct cash flow of $5 million to South LA Landlords impacted by the COVID-19 pandemic, the initiative aims to ensure that wealth is built within the community, properties remain locally owned, and affordability to locals.
Do I Qualify?
First, you must have a tenant who is behind on rent. Own 2-20 units, and have at least one property within South LA (the boundaries are Washington Blvd to the north, Slauson Ave to the south, the 110 Freeway to the west, and Alameda St to the east).
TO APPLY visit: https://info.avail.co/info/local-rental-owners-collaborative