ELACC Launches Transition to All-Electric Energy Portfolio

ELACC Launches Transition to All-Electric Energy Portfolio

The East LA Community Corporation (ELACC) is committed to promoting sustainable housing and improving public health in the Boyle Heights community of Los Angeles. To achieve this mission, ELACC is making the switch to an all-electric energy system for its housing portfolio. This transition not only aims to reduce carbon emissions but also addresses important public health concerns in Boyle Heights.

According to Monica Mejia, president and CEO of ELACC, affordable housing should also be sustainable. By incorporating sustainability into their development strategy, they are not only preserving homes for low-income families but also creating healthier and more equitable communities.

To implement this change across its 24 properties with a total of 482 units and 2,500 tenants, ELACC has developed a comprehensive decarbonization plan. The first two projects undergoing this transformation are Lorena Terrace Apartments (built in 2003) and Vallejo Apartments (built in 1920). These properties will receive approximately $2.5 million initially for project improvements while the entire portfolio will receive $500,000 for solar upgrades.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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