Can tech wealth save low-cost housing in South L.A.?
Print Tech wealth is coming to South Los Angeles — but not in the way some other neighborhoods in the city have become accustomed to. A new program backed by the personal philanthropic company of Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, aims to help small landlords there so that properties stay in the hands of locals, stay affordable to locals and help build wealth within the community. The Los Angeles Local Rental Owners Collaborative, or LROC, is a joint effort of nonprofits, an online property management firm and the Chan Zuckerberg Initiative. It will put $5 milli...
Source: latimes.com