CIR Creates Community Recovery Investment Vehicle to Rebuild, Revitalize Fire-Affected Neighborhoods

WASHINGTON - Jan. 23, 2025 - PRLog -- In the wake of the devastating wildfires that burned over 40,300 acres and damaged or destroyed more than 12,300 structures across Los Angeles and Ventura Counties, a groundbreaking investment vehicle is being launched to support recovery and revitalization efforts. Friday, January 24, 2025 marks the official debut of https://lacommunityrecoveryinvestmentfund.com/, an investment vehicle dedicated to rebuilding resilient communities and preserving cultural and economic assets in the face of unprecedented challenges.

The LA Community Recovery Investment Fund (LACRIF) will be a public-private partnership designed to provide targeted resources for wildfire recovery. The fund will focus on helping owners acquire mortgages on distressed or at-risk properties, rebuilding homes and  fostering economic stability for affected communities. This initiative prioritizes sustainability, equity, and community engagement to ensure that families, businesses, and cultural institutions can recover and thrive.

"The recovery from these wildfires requires more than just rebuilding structures," said William Michael Cunningham, CEO, Creative Investment Research. "It's about restoring the ties that make communities whole, preserving generational wealth, and providing residents and small businesses with the resources they need to rebuild stronger than ever."

Key Features of the LA Community Recovery Investment Vehicle:
Sustainable Rebuilding: Investment in eco-friendly, disaster-resilient infrastructure.
Equitable Opportunities: Empowering residents and local businesses to participate as stakeholders in the recovery process.
Public-Private Collaboration: Leveraging resources from government agencies, private investors, and community organizations.
Transparent Management: A stakeholder-driven governance structure to ensure accountability and measurable outcomes.
The initiative is being announced at the 76th Installation of the Consolidated Board of Realtists. It is our hope that it will eventually be backed by partnerships with key stakeholders, including Mayor Karen Bass, the National Association of Real Estate Brokers (NAREB), the California Housing Finance Agency (CalHFA), and CalPERS. These partners bring expertise, resources, and a shared commitment to addressing both the immediate and long-term needs of communities affected by the fires.

Why This Matters
The LA Community Recovery Investment Fund will address the economic and social toll of the wildfires, which left an estimated 163,000 people displaced and caused $250 billion in damages. By providing financial tools and community-driven solutions, the fund aims to rebuild neighborhoods, protect vulnerable populations, and restore the cultural and economic vibrancy of Los Angeles.

Call to Action
For more information about the LA Community Recovery Investment Fund or to get involved, visit https://lacommunityrecoveryinvestmentfund.com/. Join us in rebuilding a stronger, more resilient Los Angeles.