Figueroa Corridor Community Land Trust Figueroa Corridor Land

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					                                         Figueroa Corridor Community Land Trust &
                                                   Figueroa Corridor Land Company



                                                             The Figueroa Corridor Community Land Trust is part
                                                             of a broad-based community and economic develop-
                                                             ment strategy to combat the collision course between
                                                             slum housing, escalating real estate values, gentrification,
                                                             and displacement in Los Angeles’ Figueroa Corridor.
                                                             The Land Trust has been established as a democratic
                                                             and permanent steward of land and land leases for
                                                             affordable housing and other community needs.
                                                             Properties acquired will result in at least 400 units of
                                                             affordable housing with guidance from community
                                                             residents. In total the Land Trust will engage in broad-
                                                             based community planning, stabilize property values
                                                             for the long-term, promote and preserve affordable
                                                             housing, and build community capacity and control.


                                                             The Figueroa Corridor Land Trust Area
                                                             The Land Trust area includes neighborhoods that
                                                             stretch between downtown and the Staples Center on
                                                             the north, and Slauson Avenue the south. These neigh-
borhoods are home to 200,000 working-class people. Eighty-six percent are tenants, 74% are Latino (primarily Spanish-
speaking immigrants), and 12% are African-Americans. Median income in the Corridor is 49% of the City’s median.

In 1999, Strategic Actions for a Just Economy (SAJE) organized the Figueroa Corridor Coalition for Economic
Justice to ensure that big plans to redevelop the area included the values and vision of local residents. An agreement
with the Staples Center requires local hiring into thousands of living wage jobs and hundreds of affordable housing
units to be incorporated into a 4-million-square-foot addition to the Center. Twenty-five organizations, 300 low-
income tenants, and five unions were involved in producing the agreement.

But such investment in the Corridor has also contributed to skyrocketing real estate values, gentrification, and
displacement. Shortly after the ink was dry on the Staples Agreement, SAJE organizers found it much harder to fight
slum housing issues because tenants were too worried about simply keeping a roof over their heads. Unscrupulous
landlords, eager to cash in on the boom, used various means to drive poor people out of their units. As a result of
these forces impacting the neighborhoods, the Figueroa Corridor Community Land Trust was established as a long-
term owner and steward of properties within the Corridor.
The Figueroa Corridor Community Land Trust

The Figueroa Corridor Community Land Trust is incorporated as a non-profit,
tax-exempt membership organization limited to people who live and work
in the Figueroa Corridor. The Land Trust will engage the community in
comprehensive plans in three targeted neighborhoods, as well as the Southeast
Community Plan revision. Through community planning efforts, the com-
munity will engage in education, advocacy and policy work around land use
and planning, redevelopment law, and real estate development.

The Figueroa Corridor Land Company

Working in tandem with the FCCLT is the Figueroa Corridor Land Company
(Land Company). The Land Company has been established as a vehicle for
purchasing, holding, and entitling Land Trust properties. The Land Company
is housed within the Los Angeles Community Design Center. With grant
and loan funds raised from local, state, and national foundations and lending
institutions, the Land Company will purchase as many properties as possible
in the short-term to avert further price escalation and displacement. Target
properties will include dilapidated apartment buildings, vacant lots, and
underutilized residential, commercial and industrial properties.

Founding Partners
Los Angeles Community Design Center
Strategic Actions for a Just Economy (SAJE)
Esperanza Community Housing Corporation
Enterprise Community Partners