The Local Initiatives Support Corporation (LISC), a national philanthropic organization that provides monetary support for the shoring up of distressed communities, has pledged $100 million in capital to lead an effort to develop 15 low-income neighborhoods in the City of Los Angeles. Under the city’s Measure R, plans for expansion of light rail and rapid bus lines within these communities are currently underway. The monetary initiative by LISC will continue development beyond transit, expanding affordable housing, schools, businesses, and community facilities, and will complete market assessments of each neighborhood to strategize locale-specific investment.
Facebook is planning to move from the virtual to the physical world with its latest venture: a 394-unit infill housing development known as Anton Menlo. The company is collaborating (in an advisory role) with California developer St. Anton Partners and architecture firm KTGY on the project, located on 10 acres of former industrial land near Marsh Road in Menlo Park. The development is within walking distance of Facebook’s headquarters and new West Campus.