Who IS AEDC?

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trans*form*a*tive -  tran(t)s-ˈfȯr-mə-tiv:

causing a marked change in someone or something

Utilizing a transformative business model where profitability is inseparable from social impact, Ausar Economic Development Corporation (AEDC)  has been a catalyst for change in the creation of affordable housing and economic development activities since its inception 35 years ago. This model is based upon the belief that by creating social trust that facilitates coordination and cooperation of key stakeholders for mutual benefit in the revitalization of underserved communities in all of its facets.

At Ausar, we envision a world with vibrant, safe, and inclusive neighborhoods in which all people live in safe healthy homes with equitable access to the resources and opportunities to pursue their dreams.

As a non-profit organization, our real estate and Community Life initiatives transform neighborhoods and impact lives.

Ausar Economic Development Corporation (AEDC) was initially founded in 1988 by then State Senator, Diane E. Watson, as Corridor Economic Development Corporation with a mission of developing and revitalizing affordable housing communities in the California 28th state senatorial district that were displaced by the building of the Century Freeway. The organization was initially funded by $1,500 that was raised by the Executive Director, Sharon Sumpter, and Joy Jarret through a brownie bake sale. Since the original founding in 1988 approximately 1,800 affordable housing units were developed throughout the service area by “Corridor”. What made “Corridor” unique and allowed it to develop so many properties through the years was its strategic partnership with like-minded collaborators. Read More Here.