Gil Seton's Blogspot: 2022

Wednesday, July 27, 2022

LIFESteps Collaborates to Co-Sponsor Bill to Help Seniors

A Los Angeles, California resident, Gil Seton is a manager at SP Investment Fund, a financial services firm that invests in real estate and emerging technology ventures. In addition to serving in this role at SP Investment Fund, Gil Seton also supports organizations such as LIFESteps, a community organization that provides support services to various groups such as people with disabilities and the elderly.

In March 2022, LIFESteps announced that it was co-sponsoring a bill with LeadingAge California making it possible for senior citizens to access affordable healthcare and housing. Assembly Bill 2548, also called the Healthy Homes-Age in Place Nursing Program, will allow seniors to remain in the same location, “age in place,” instead of relocating to more expensive housing.

Assembly member Adrin Nazarian authored the bill that is a part of the larger Aging and Long-term Care Bill Package. The purpose of the bill is to address the social inequities that seniors on the lower-income scale face. According to the LIFESteps press release, if this bill can address some of the issues seniors face related to housing and healthcare in particular, then this is one step in the right direction in fixing the affordable housing and healthcare issues for everyone in California.

Tuesday, February 8, 2022

The Hearts with Hope Foundation

Based in Los Angeles, California, Gil Seton serves as the president of Showplace Development, Inc., and manager of SP Investment Fund, LLC. In addition to his professional responsibilities, Gil Seton is an active philanthropist. A few of his preferred charities include Operation Smile and the Hearts with Hope Foundation.

A registered 501(c)(3) non-profit organization, the Hearts with Hope Foundation's mission is to provide medical, dental and humanitarian assistance to children with congenital heart disease in the underserved global community. Hearts with Hope Foundation was founded in 2005 by Dr Juan Carlos Alejos. Inspired by his father, a pediatrician who instilled in him the basic desire to care for children with congenital defects, especially heart disease, Dr Alejos strives to help those without resources care for themselves and seeks to educate care providers allowing them to "pay it forward" in their own communities.

By educating and assisting local healthcare professionals in the diagnosis and treatment of congenital heart disease our vision is to create self sustainable pediatric cardiac centers accessible to all.

About Gil Seton

For some 25 years, Gil Seton Jr. has been involved in the development and/or investment in affordable housing. Through SP Investment Fund LLC and its affiliates in Los Angeles, Gil Seton Jr. has invested in over 50 limited partnerships which own over 5,000 housing units.

Recently, some of the companies Mr. Seton manages have been working with Riverside Charitable Corporation to renovate three apartment buildings in Ilion and Saratoga Springs, New York, and Altoona, Pennsylvania. The New York residents will be seniors with low or very low incomes; families will occupy the Pennsylvania facility. The projects will offer social services to residents.

Previous to his tenure at SP Investment Fund, Seton was president of Showplace Development Inc. At that firm he facilitated the construction of four affordable housing complexes in central Los Angeles and Huntington Park, California. He worked closely with governmental agencies and private lenders and equity sources to obtain financing.

He also served as a project manager for Calmark Development, a company ranked 13th in the nation for building multi-family dwellings. He had authority over 1,100 units in seven locations.

Gil Seton Jr. is longtime personal supporter of the Women’s HIV Program at the University of California in San Francisco, and the Hearts with Hope Foundation.