The Program

Uplifters Foundation operates a structured, programmatic housing platform designed to rebuild Pacific Palisades following the January 2025 wildfire.

The program is not a traditional real estate development. It is a nonprofit, capital-backed execution model that combines institutional discipline with a charitable mandate.

At its core, the program does four things:

Acquire
Build
Lease
Sell

The objective is straightforward: return families to the community at scale, with a defined path to ownership.

Program Scale

~60 Single-Family Homes

Within a defined set of streets in Pacific Palisades, using approximately $200 million of tax-exempt bond financing.

Structure

Self-Liquidating Model

Capital is returned through asset conversion — sale of completed homes. Not dependent on long-term rental income or market appreciation.


Acquisition Strategy

Geographic Focus

The program is limited to a specific set of streets where parcel density supports scaled rebuilding, site conditions are feasible, and acquisition pricing aligns with program economics.

A map and full list of these streets are publicly disclosed to provide transparency into program scope.

Embury Street
Fiske Street
Galloway Street
Hartzell Street
Swarthmore Avenue
Haverford Avenue
Radcliffe Avenue
Muskingum Avenue
Bienveneda Avenue
Las Casas Avenue
Livorno Drive
Bollinger Drive
Sunset Boulevard
Mount Holyoke Avenue

Underwriting Discipline

  • Lot size and buildable area
  • Slope and constructability
  • Zoning and entitlement path
  • Surrounding rebuild activity
  • Acquisition cost relative to target basis

This is a selection-driven process, not a volume-driven one.

Design & Construction

Design Approach

Standardized Range

6–8 architectural plans, each adaptable to lot dimensions, site conditions, and neighborhood context. Balances cost efficiency through repetition with flexibility for individual lots.

Product Definition

~2,600 Sq Ft

3–4 bedrooms. 3–4 bathrooms. Two-story configuration. The objective is to deliver the most attainable new single-family homes in the Palisades rebuild.

Construction Model

GMP Contracts

Guaranteed Maximum Price contracts with multiple general contractors. Caps cost risk. Distributes execution. Independent Owner's Representative oversees performance, cost, and schedule.


Built for Fire-Prone Conditions

Resilience is not optional. It is embedded in the design.

  • Meet or exceed California wildfire building standards
  • Incorporate fire-resistant materials and systems
  • Reduce long-term risk and ownership cost
  • Insurable under the California FAIR Plan
  • Compatible with supplemental lender coverage
Key Feature

Designed to Be Insurable

This directly addresses one of the primary barriers to rebuilding. Each home is designed to qualify for coverage under the California FAIR Plan with supplemental insurance, ensuring that buyers can obtain financing.

Lease Structure

All homes are initially leased prior to sale. This is required to comply with tax-exempt bond financing and is a functional component of the program.

Lease Terms

  • 12–15 month term
  • Below prevailing market rent levels
  • Standard residential lease agreements
  • Third-party property management

Purpose

  • Provides immediate housing for returning residents
  • Reduces uncertainty for future buyers
  • Supports interim cash flow during program execution
  • Structured path to ownership for all tenants

Path to Ownership

Purchase Option

  • Granted at lease execution
  • Purchase price fixed at lease inception
  • Exercisable during the lease term
  • Non-transferable and standardized across all homes

Purchase Assistance

Eligible buyers receive approximately 3%–5% of the purchase price as a closing credit. Uniform, non-discretionary, and based on objective displacement criteria.

Resale Provisions

Owner-Occupancy Requirement

Homes purchased with assistance are subject to a five-year owner-occupancy requirement and repayment of assistance upon early resale.

These provisions are designed to prevent speculation, preserve program integrity, and ensure long-term community benefit.

Capital Structure

The program is financed through approximately $200 million of tax-exempt bonds. No developer equity. No promote structure. No profit extraction prior to repayment.

Capital

$200M

Tax-exempt bonds. 100% deployed into land, construction, and carrying costs.

Control

Trustee

All disbursements controlled through a third-party agent. No discretionary spending.

Phasing

~10% Deferred

Reserved until early projects validate acquisition cost, construction, and sale pricing.

Exit

Asset Conversion

Capital returned through home sales. Not dependent on yield or market appreciation.

Program Outcome

This program is intentionally simple in concept and complex in execution. It replaces fragmented rebuilding, individual risk, and uncertain timelines with centralized coordination, disciplined capital deployment, and predictable delivery.
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