Expanding our capacity
For more than three decades, LA Family Housing has balanced diverse income streams to support our work to end homelessness in people’s lives. Our revenue streams include public government contracts and private philanthropic support from a wide range of individual donors, foundations, and corporations as well as earned revenue from our affordable housing properties.
In 2018, we nearly doubled our budget from $28M to $54M, increasing our direct services by more than 200%. This expansion is primarily due to the infusion of Measure H funding at the end of 2017. LAFH also earned upwards of $6M in development revenue from increased real estate activity over the past two years.
Restricted Funds at Work
In November 2018, LAFH received a capital infusion of $5M from Amazon CEO Jeff Bezos’ Day 1 Families Fund to purchase five single-family homes over the next four years. Together, the homes will provide safe temporary housing for more than 40 families each year. With the help of our case management teams, these families will benefit from a safe communal atmosphere enriched with a host of supportive services, to facilitate their transition to permanent housing.