Since JFLA was founded in 1904, the agency has been committed to assisting recent emigres with the costs of housing, transportation and subsistence while settling into a new life in Los Angeles.
JFLA played a major role in the resettlement of hundreds of emigres and their families during the 1980s and 1990s as large numbers of Jews left the former Soviet Union and Iran to lead safer and more fulfilling lives in America.
Today, JFLA’s Resettlement Loan Programs continue to provide interest-free loans to recent emigres to defray living expenses while they seek employment and overall financial stability. In 2005, JFLA established the American Dream Loan Fund, offering interest-free loans of up to $15,000 to recent emigres for small expenses or closing costs associated with a first-time home purchase in Los Angeles.
One-to-two cosigners are required depending on the amount of the loan.