Community Owned Real Estate – Los Angeles, CA
Tool : Community Investment Trusts
Community Owned Real Estate (CORE) is a collaborative effort by community-based organizations to preserve small businesses in gentrifying neighborhoods by acquiring commercial real estate. CORE is a partnership between Inclusive Action, East LA Community Corporation, Little Tokyo Service Center, and their lender, Genesis LA. Through this strategic partnership, CORE has acquired five commercial buildings on the Eastside of Los Angeles that offer commercial spaces to longtime neighborhood businesses and newer entrepreneurs. As of 2023, the five commercial buildings are home to 21 businesses and nonprofit organizations.