04: Housing

Creating new streams of

affordable housing

investment

The government spent $10 billion over 8 years and the homeless count went up.

Our Approach

Public housing is too expensive and slow. The private market must step in.

We do not have enough affordable housing in Los Angeles. Period. And the housing shortage has pushed up housing and rental prices in every neighborhood, making thousands of working Angelenos vulnerable to homelessness.

Through the Better Angels Affordable Housing Fund, a for-profit real estate investment trust, we’re innovating a solution that will make housing production faster, better, and cheaper by:

Attracting private capital to providemuch-needed equity to finance thepre-development and constructionof affordable housing.
Streamlining approvals, promoting off-site construction, and reducing housing attrition rates.
Providing investors with a solid, socially responsible investment plan that mitigates risk through diversified portfolios.
Delivering $1 billion worth of government impact for $250 million of private capital,deployed quickly and efficiently.
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An Exceptional Opportunity

The Better Angels Affordable Housing Fund (a real estate investment trust) will finance the pre-development and construction of affordable housing throughout LA to:
Move more Angelenos into homes and off the homeless count.
Lower housing costs across the board.
Provide investors with a solid, socially responsible investment plan that diversifies risk.
Provide developers with simplified capital structure, faster time to home completion, and support throughout every stage of the process.
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Read FAQs about homelessness

Q:

What other state, county, and local programs and resources impact homelessness?

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Q:

Who is responsible for managing homelessness in LA?

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Q:

How much is being spent on homelessness in LA?

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Original Research & Studies

Better Angels 2023-2024 Impact Report: Holistic Solutions for LA's Homelessness Crisis

Better Angels' holistic approach a has notably reduced homelessness in LA, demonstrating the power of collective action and pragmatic solutions.

GO DEEP

Spotlight blog posts

General Housing

Better Angels begins construction on two transformative mixed-income housing projects

Better Angels has begun construction on two innovative mixed-income housing projects in Westchester and Westmont, adding over 120 affordable units as part of its growing pipeline to address LA’s housing crisis.

Nick Lynch

Sep 2nd, 2025

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3

Min Reading

General Housing

The Wildfires Made LA’s Housing Crisis Worse. There Was a Solution Before They Ever Started.

After the LA wildfires, rebuilding seems like the obvious solution for those who’ve lost homes. As many as 40% of those impacted won’t. This allows us to rethink housing in LA and gives us an opportunity to be creative.

Andre F. Bueno

Apr 25th, 2025

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8

Min Reading

Housing Program

What is an accessory dwelling unit?

An accessory dwelling unit, or ADU, is a separate living area on a property with a proposed or existing primary residence.

Melissa Amour

Apr 25th, 2025

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2

Min Reading

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