Text on screen:
Creating and preserving affordable housing in South LA.
Mark Wilson, President and CEO, Coalition for Responsible Community Development.
Logos:
J.P. Morgan.
Chase..
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The 1992 LA Riots prompted Mark Wilson to focus on economic and housing inequality in his neighborhood, South Los Angeles. In 2005, Wilson co-founded the Coalition for Responsible Community Development (CRCD) to help Black, Hispanic, and Latino young adults.
On screen:
Mark, a man with short hair, a short goatee, and brown eyes.
Text on screen:
Mark Wilson, President and CEO, Coalition for Responsible Community Development.
Mark:
Recently, with the COVID 19 pandemic, there was a vacuum of services that were not being implemented and the rapid pace that it needed to at that time.
On screen:
Signs in store windows read: "Closed. Going out of business" and "Sorry we're closed." A diverse group of people (all wearing protective face masks) fill out applications.
Text on screen:
CRCD offers hundreds of services to help the community's low-income and working class residents and small businesses. During the COVID-19 pandemic, these vulnerable groups were hit particularly hard.
Mark:
And some of the people that were impacted the most were small business owners who happen to own small apartment buildings.
On screen:
Finance specialists meet with small business owners and real estate executives.
Mark:
So we partnered with Enterprise Partners to create the Local Renters Owner Collaborative, which is called LROC.
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LROC has helped maintain their properties without evicting tenants during the pandemic. To date, LROC has supported 193 units across 67 buildings.
Mark:
And that impacted the lives of more than 125 residents in South L.A.
On screen:
A montage shows LROC representatives meeting with young Black and Latinx tenants.
Mark:
And without that partnership, without those resources, those would have been 125 families that may have found themselves on the streets of Los Angeles. And so we continue to think about innovative projects like this that we can bring to Enterprise Community Partners to figure out ways to not only invest in us with capital, but also grant funding that can support programs like LROC.
On screen:
Mr. Wilson speaking and shaking hands with a construction worker, wearing a hard hat.
Mark:
Where partners like Enterprise, they allow us to flexibility so that we can target the population that much needs that housing.
On screen:
Mr. Wilson stands outside a large warehouse.
Text on screen:
Creating and preserving affordable housing in South LA.
Mark Wilson, President and CEO, Coalition for Responsible Community Development.
Logos:
J.P. Morgan.
Chase.
Side note:
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Text on screen:
Equal Housing Lender.
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