Community Vision and Genesis LA are excited to announce the launch of CalCORE’s third cohort. CalCORE is a five-year state-wide initiative that brings together cohorts of community-based developers, with a focus on Black, Indigenous, people of color-led (BIPOC) real estate organizations, particularly Community Development Corporations (CDCs) and Community Land Trusts (CLTs). These deeply rooted organizations often serve as a buffer between the commercial real estate market and their communities while navigating capacity and capital barriers for wider community impact.
CalCORE’s third cohort focuses on housing preservation and will help eligible nonprofit organizations prepare for the Foreclosure Intervention Housing Preservation Program (FIHPP). Over the next few years, FIHPP will provide approximately $375 million in grants and loans to nonprofits to acquire, rehabilitate and preserve affordable housing in foreclosure or at risk of foreclosure. This CalCORE cohort will provide training and resources for community-based developers to help them prepare to leverage this opportunity.
Before completing this application, please visit https://communityvisionca.org/california-community-owned-real-estate-program/ for information on eligibility and topics covered.
For questions about the program, please contact Amanda Bornstein at abornstein@communityvisionca.org or 415-392-8215 x 329.
For questions about the application, please contact Sarah Schwid at sschwid@communityvisionca.org or 415-392-8215 x 369.
Applications are due Monday, April 17, 2023.