History of RNLA
RNLA was created in January 2009 to purchase foreclosed or abandoned properties at a discount from lenders and loan servicers for resale to qualified owners. The Los Angeles Housing Department (LAHD) worked closely with Enterprise Community Partners to establish RNLA as a “community-based development organization.”
In February 2009, LAHD signed Neighborhood Stabilization (NSP) agreements with the U.S. Department of Housing and Urban Development (HUD) for a total of $147.7 million and RNLA was the sub-recipient of this funding.
RNLA works in the most economically distressed neighborhoods: stabilizing low-income communities most impacted by economic divestiture and foreclosure. RNLA has worked in collaboration with the National Community Stabilization Trust (NCST) to acquire foreclosed properties from other loan servicing entities, lending institutions, investors and local real estate agents.
To enrich the quality of life for the people in the communities we serve by creating housing, jobs and other economic opportunities, investing in neighborhoods, improving the built environment, and advancing environmental sustainability.
RNLA envisions local neighborhoods that are thriving and sustainable in which every house becomes a home. In these communities, economic and job opportunities are plentiful, and the built environment evokes pride.
Why We Do What We Do
With human beings spending as much as 90% of their lives in built environments, RNLA understands that home and workplace environments are critical to the lives and livelihoods of their inhabitants. Thus RNLA supports housing and job opportunities for all, focusing its work on improving housing stock in key neighborhoods of the Los Angeles metropolitan region.
The Way We Work
What we accomplish is either enhanced or diminished by how we do it. Recognizing this truth, we hold to certain values that guide us in all of our activities and operations. With every customer, vendor, and partner, we pledge to be fair and equitable in how we conduct business. We pledge to honor each community we serve, recognizing its unique culture, history, and aspirations as strengths to embrace and not as obstacles to surmount. In all of what we build, we pledge to maintain high standards of construction quality and environmentally sustainable design to the greatest extent possible. Finally, recognizing that the heart of what we offer to those we serve is the talent and skill of those whom we employ, we commit to personnel policies and practices that encourage all who work here to be and give their best.