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The Hammer Museum presents Dream Home Resource Center by Olga Koumoundouros
The experts offer practical insight on managing bankruptcy and foreclosure while others with firsthand experiences of losing homes share personal stories. Photo: Courtesy of the Hammer Museum.

LOS ANGELES, CA.- Dream Home Resource Center, Olga Koumoundouros's most recent investigation of home ownership, addresses the immateriality of real estate transactions and the shift from home as emblem of the American dream to house as commodity. Inspired in part by the Hammer Museum's exhibition A. Quincy Jones: Building for Better Living and Jones's vision of modern architecture, Koumoundouros fast-forwards more than half a century to the present, a moment filled with far less optimism about housing in the United States.

During the course of the installation, housing specialists, activists, and citizens invested in and effected by issues surrounding home ownership and the recent economic downturn have set up temporary offices in the gallery. The experts offer practical insight on managing bankruptcy and foreclosure while others with firsthand experiences of losing homes share personal stories. Collectively, the group’s services are intended to provide a free resource for anyone in need of housing guidance. (The Lobby Gallery is an admission-free area of the museum.)

In addition to the central convening area for the specialists and visitors, a timeline of significant moments in the history of Los Angeles real estate over the last seventy years lines the walls, alongside a blackboard of notes inscribed during a weekly performance that highlights fluctuations in interest rates, analysis of subprime mortgages, foreclosure percentages by neighborhood, housing starts, sale trends, and more. Through these elements, Koumoundouros hopes to provoke viewers and participants to consider the currency, both emotional and monetary, invested in the places in which we live.

Organized by Allison Agsten, curator, with Sohrab Mohebbi, curatorial assistant.

Olga Koumoundouros was born in New York, NY and lives and works in Los Angeles. Through her sculptural and community based practice, Koumoundouros investigates the implications of contemporary economic conditions on the everyday life. For her most recent project A Notorious Possession she occupied a foreclosed residence and transformed it into a site for discursive and aesthetic engagements, highlighting the commodification of housing in the Unites States. Koumoundouros received her MFA from the California Institute for the Arts. Koumoundouros' work has exhibited at venues nationally and internationally including Outpost for Contemporary Art, Los Angeles, Salt Lake City Art Center, Santa Monica Museum of Art, LA Louver, The Studio Museum of Harlem, Stadshallen Bellfort, Bruges, Belgium, Project Row Houses, Houston, TX, and REDCAT among others.

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