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2023 Grants Challenge

Affordable Housing Project

Priceless Investors is a non-profit organization that is dedicated to tackling issues of homelessness and poverty by providing affordable housing and a range of support services to low-income individuals and families. Our aim is to empower our clients to achieve financial independence and success by offering them the resources they need to succeed.

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What is the primary issue area that your application will impact?

Housing and Homelessness

In which areas of Los Angeles will you be directly working?

County of Los Angeles

In what stage of innovation is this project, program, or initiative?

Expand existing project, program, or initiative

What is your understanding of the issue that you are seeking to address?

The demand for affordable housing and support services for low-income individuals and families has been steadily increasing in recent years. Many low-income individuals and families struggle to find affordable housing and access support services that could help them improve their financial situation. This demand has led to a growing number of organizations and initiatives focused on providing affordable housing and support services to those in need. Additionally, there has been a growing focus on addressing issues of poverty and homelessness in many communities. Governments, non-profit organizations, and individuals have recognized the importance of addressing these issues and are working to provide resources and support to those in need. This increased focus has led to more funding opportunities and support for organizations like Priceless Investors Nonprofit Organization that provide affordable housing and support services.

Describe the project, program, or initiative this grant will support to address the issue.

Affordable Housing: We purchase or rehabilitate existing properties and convert them into safe, affordable rental housing for low-income individuals and families. Economic Development Services: We offer a range of services to assist low-income individuals and families in achieving long-term financial stability, including: - On-the-Job Training: We partner with local businesses to offer training and job placement services to low-income individuals. - Estate Planning: We offer assistance with estate planning to help our clients secure their assets and ensure their wishes are carried out. Our services include help with creating wills, trusts, and power of attorney documents. - Legal Services: We partner with local law firms to provide legal services to low-income individuals. This includes assistance with legal paperwork, representation in court for issues such as evictions and debt collection, and legal advice on a variety of topics. - Small Business Services: We offer support and resources to help low-income individuals start and grow their own small businesses. This includes business planning, access to capital through microloans and other funding sources, and marketing and advertising support. - We assist individuals with obtaining small business certifications such as LSBE, MBE, SBE, etc., - Housing Assistance to individuals and families who are struggling to find and maintain safe, affordable housing.

Describe how Los Angeles County will be different if your work is successful.

If successful, Priceless Investors Nonprofit Organization would have a transformative impact on Los Angeles County. It would reduce homelessness, improve quality of life, empower individuals economically, strengthen communities, and address disparities. Stable and affordable housing, along with support services, would provide stability and security, enabling individuals to access education, secure employment, and thrive. Economic Development Services would equip low-income individuals with skills and resources for financial improvement. This would contribute to the economic growth and vitality of the county. By assisting youth, minorities, public assistance recipients, and underemployed individuals, Priceless Investors would address disparities and work towards a more equitable and inclusive community. Overall, its success would create a Los Angeles County where safe housing and resources are accessible to all, leading to a positive and lasting impact.

What evidence do you have that this project, program, or initiative is or will be successful, and how will you define and measure success?

To evaluate our success, we rely on regular assessments and data collection. We gather feedback from our clients through surveys and testimonials to understand their experiences and measure the effectiveness of our programs and services. We also track key metrics related to housing placements, employment outcomes, and other relevant indicators. This data-driven approach allows us to identify areas of strength and areas for improvement, ensuring that we can continually enhance our impact. Ultimately, our success is defined by the lasting difference we make in the lives of the individuals and families we serve. By providing safe and affordable housing, supporting economic empowerment, and making a positive impact on the community, we strive to create sustainable pathways to housing stability, financial independence, and improved quality of life. Through continuous evaluation and improvement, we aim to achieve greater success and positive outcomes for our clients and the community.

Approximately how many people will be impacted by this project, program, or initiative?

Direct Impact: 200

Indirect Impact: 5,000