ABOUT THE FUND
The fund’s goal is to give the Altadena community support that allows long-time residents, small business owners, and community leaders to return to their neighborhoods and helps prevent families from being forced to sell their properties or become victims of economic exploitation.
Who qualifies for funding?
Homeowners, businesses and nonprofit organizations in the historic districts of Altadena, with high concentrations of generational homes, residents with limited net wealth, and residents over 65 years old. These have been identified as U.S. Census Tracts: 4602, 4603.01, 4603.02 and 4610.
What is the eligibility criteria?
- Homeowners who experienced full loss of home within the designated US Census Tracts and fit at least one of the below criteria:
- Uninsured or underinsured, including those on the California FAIR Plan
- Limited net wealth as determined by LA County means testing parameters
- Senior citizens (65+)
- Small business owners (as defined by LA County) who had business locations within the designated U.S. Census Tracts and experienced full loss of their primary business property.
- Community organizations with locations within the designated U.S. Census Tracts and are planning to reopen or resume services.
- Monday, March 17 – Applications open
- Wednesday, April 16 – Disbursements begin
Currently working across government officials and federal guidance to determine exact funding amount per recipient based on eligibility criteria for other disaster relief programs and tax / public benefit implications. Number of recipients will be determined by fundraising efforts.