Alexandria House Urgently Seeks Funding For Major Acquisition – Larchmont Buzz

Alexandria House needs to raise $ 12 million to purchase an apartment building directly behind its two current shelters (pictured above) in Koreatown to add more than 39 affordable housing units.

House of Alexandria is looking for angel investors to help raise funds to purchase an apartment building located just behind its two current shelters. The building is owned by the Immaculate Heart community and its location would make it an ideal addition to the Alexandria House community, providing the opportunity to expand the organization’s essential work in housing and supporting women and their families. .

“We are embarking on a fundraising campaign to raise $ 12 million to purchase and renovate the building,” wrote Pam Hope, director of grants and special events at Alexandria House, in a letter to The Buzz. “This opportunity allows us to provide 39 additional units of permanent supportive housing at low cost to individuals and families who are homeless or at risk of becoming homeless. “

According to Hope, they are trying to buy the property to avoid overburdening the organization with excessive debt and spending future funds on building maintenance, support services and staff.

Not only does Alexandria House need the funds, she needs them fast!

“Time is running out,” Hope said. “The purchase and sale contract was signed by the seller at the end of last week, and there is a very tight schedule to secure the financing necessary to purchase this building and achieve our goals. for the future.”

The Koreatown real estate market, where Alexandria House is located, is insanely hot right now, and the seller is only giving Alexandria House three months to raise the funds before turning to another buyer. Developers are buying properties, demolishing older buildings and building luxury apartments, moving low-income tenants and contributing more to our homelessness crisis, Hope explained.

Thanks to Marilyn and John Wells, of the John and Marilyn Wells Family Foundation, who pledged $ 1 million towards the effort this summer, when Alexandria House first learned that she could purchase the building behind her main property. .

“It’s amazing how many women and children they care for in two Houses of Hope and Healing. We can’t wait to see Alexandria House grow with an abundance of space! Wells said of his recent gift.

According to Hope, the building is a perfect fit for Alexandria House and the growing housing needs of low-income families in Los Angeles. The building has a professional-sized kitchen and a large dining / community hall, so the organization can serve nutritious meals to residents and organize educational and recreational activities. It also has several spaces for therapy and other essential services. More importantly, the apartment is only a short walk from the current two houses, which makes it much easier for the staff.

All funds from the purchase of this building go directly to the Immaculate Heart community, providing the IHC with a way to continue its mission and continue to serve the poor and excluded. Alexandria House and Immaculate Heart Community are both rooted in the justice work of two religious communities of women. The purchase of the apartment building will benefit both organizations.

With the help of longtime Alexandria House supporters and volunteers as part of its acquisition team, the charity is actively pursuing all options, including looking to those who have donated in the past, by writing grants to companies and foundations, soliciting generous people, developing giving circles, and harnessing the power of social media.

Alexandria House is used to working fast. And they’re used to working through thick and thin, as they’ve been doing for 25 years.

“As politicians debate, decades go by, money is wasted and the homelessness problem continues to take epic proportions – we pledge to be fully operational within 6 months if we are funded!” Said Hope. “We believe in miracles, and with the help of the community, we can achieve this miracle.”

The Kenmore building in the backyard of the two current shelters of Alexandria House. (photo of the house in Alexandria.

About the House of Alexandria
For more than 25 years, Alexandria House has provided a range of holistic services and resources, including: emergency, transitional and permanent accommodation, intensive case management, referral to medical care, legal support, employment assistance, counseling, free child care, financial literacy, and a caring supportive community. Neighborhood kids participate in their free after-school program, teenage center, and camps. In addition, they help the larger Los Angeles community, providing food, clothing, and other resources to those living on the fringes.

Alexandria House’s programs are accessible, culturally and linguistically sensitive, and trauma-informed. Stakeholders are at the heart of critical input as we design our programs to best meet their needs. We believe that the success of our program is the result of respecting the dignity of the individual and affirming the strengths of those who come here to create a better quality of life for themselves and their children – a quality of life everyone deserves.

We’ve seen kids take their first steps at Alexandria House, and then we’ve seen those same kids walk across the stage to graduate from high school or even college. We have seen our own footprint stretch from a house to two, then to a 16-unit apartment building. And over the years, we’ve witnessed a changing landscape of homelessness in Los Angeles.

The combination of relocation and case management services we provide helps families break the cycle of homelessness and hopelessness. Families are involved in economic and social services once they become stable in permanent housing, and we continue to provide ongoing support to enable individuals to thrive and stay in their own homes.

We document success by the number of families who move from homelessness to permanent housing and are able to prevent a recurrence of homelessness.

Since 1996, over 200 families have successfully completed our bridging housing program and established permanent housing. We are in contact with more than 100 former residents and of this number, 93% are still in a stable living situation. We continue to provide assistance for ongoing support to help families thrive and stay in their own homes.

We are grateful that many of our former residents continue to be engaged members of the larger community of Alexandria House in a variety of ways. Some of their involvement includes joining our staff, becoming monthly donors, participating in the Speakers Bureau, and supporting the mission of Alexandria House and each other.

Thousands of women, children and community members have received essential services to prevent them from falling further into poverty and despair. We offer hope, healing and a sense of community in these difficult times.

For more information on this project and how you can help, please contact Pamela Hope at (714) 603-3073 or [email protected]

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