CDE: Genesis LA CDE

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

Community Owned Real Estate

East Los Angeles,
CA
(2019)

Nonprofit Hub

CDE(s): Genesis LA CDE

Joint venture between the three nonprofits to acquire five commercial properties for redevelopment and leasing to businesses and nonprofits.

Children’s Institute, Watts Campus

Los Angeles,
CA
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund

Construction of a new 20,000 sq. ft. state-of-the-art community facility in Watts for the Children's Institute is expected to begin in January 2020 and be completed in July 2021.

Hollywood Arts Collective and Career Center

Los Angeles,
CA
(2022)

Adult Education, Affordable Housing, Nonprofit Hub, Recreation

CDE(s): Genesis LA CDE, Los Angeles Development Fund

In February, Genesis LA provided $11.4 million in NMTCs to finance the Hollywood Arts project.

Mercado la Paloma

Los Angeles,
CA
(2014)

Affordable Housing, Community, Incubator, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial

CDE(s): Chase, Genesis LA CDE

Esperanza Community Housing Corporation, a nonprofit organization that supports affordable housing, health, arts and sciences, education and economic development, renovated a former garment factory into a 35,000-square-foot mixed-use building.

Jordan Downs Redevelopment

Los Angeles,
CA
(2018)

Community, Grocery and Fresh Food, Mixed-use, Retail, Solar

CDE(s): California Statewide Communities Development Corporation, Chase, Genesis LA CDE, Los Angeles Development Fund

Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops.

Vermont & Manchester

Los Angeles,
CA
(2022)

Nonprofit Hub, Schools

CDE(s): Chase, Genesis LA CDE, Los Angeles Development Fund, TELACU

Located at the Northeast corner of Vermont and Manchester in South Central Los Angeles, Evermont (Vermont and Manchester) is a transformational, 160,000 sq. ft., mixed-use development that will directly address

Friends Community Housing

Los Angeles,
CA
(2010)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Housing, Mixed-use, Youth and Families, Youth Program

CDE(s): Genesis LA CDE, Telesis CDE Corporation

NMTC financing for a scattered location group home project.

Youth Orchestra of LA (YOLA)

Inglewood,
CA
(2019)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Genesis LA CDE, Raza Development Fund

NMTC financing rehabilitates and transforms an existing 18,000 sq. ft. commercial building into a music education facility and community center for low-income youth.

Charles Drew University

Los Angeles,
CA
(2020)

Adult Education, College or Vocational Training, Community, FQHCs, Healthcare, Shelters and Community Food, Vocational Training

CDE(s): Genesis LA CDE, USBCDE

Construction of CDU’s Health and Wellness Center, a 10,000 square foot facility housing a FQHC, a community clinic to serve families, students and employees of CDU, a food pantry and

Union Rescue Mission

Los Angeles,
CA
(2020)

Community, Daycare and Early Childhood, Dental Services, Healthcare, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund, Wells Fargo

With homelessness in Los Angeles continuing to rise at alarming rates, community development financial institution Genesis LA partnered with service provider Union Rescue Mission to construct a new 74,866 square

Bright Star Valor Middle School

North Hills,
CA
(2014)

Schools, Youth Program

CDE(s): Genesis LA CDE, L.A. Charter School New Markets CDE

Bright Star Valor Academy is a high-performing charter middle school, founded in 2009. Bright Star Valor Academy is committed to putting every child on a clear path to higher education

Lincoln and Orange Grove

Pasadena,
CA
(2020)

Affordable Housing, Community, Housing, Mixed-use, Workforce Housing

CDE(s): Genesis LA CDE, USBCDE

The construction of a 67,732 sq. ft. four-story mixed-use project in Pasadena, California that includes 22 low-income, 13 moderate-income, and 11 workforce housing units, 6,167 SF of commercial space, 3,850

Azalea Plaza

South Gate,
CA
(2012)

Community, Mixed-use, Retail

CDE(s): Genesis LA CDE

Azalea Plaza was a major public priority for the city of South Gate and County of Los Angeles.

Summit Grove

Pasadena,
CA
(2016)

Community, Housing

CDE(s): Chase, Genesis LA CDE

NMTC financing for the construction of 21 affordable homeownership units that replaced a nuisance liquor store at a blighted intersection in Pasadena.

MERCI

Monterey Park,
CA
(2015)

Adult Education, College or Vocational Training, Community, Healthcare, Supportive Housing

CDE(s): Genesis LA CDE

Financing for M.E.R.C.I. for the completion of the construction of two new buildings on it’s Monterey Park campus.

LA Prep South

Los Angeles,
CA
(2017)

Business Development, Community, Food Manufacturing, Incubator, Manufacturing

CDE(s): California Statewide Communities Development Corporation, Chase, Genesis LA CDE

Acquired and rehabiliated existing warehouse buildings into a specialized facility leasing food production space to small and businesses and other seeking production space.

One Santa Fe

Los Angeles,
CA
(2011)

Affordable Housing, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Transit Oriented Development

CDE(s): Clearinghouse CDFI, Genesis LA CDE, Los Angeles Development Fund

The new construction of the commercial component of One Santa Fe, a mixed-use, transit-oriented development in the Arts District, a low-income community within Downtown Los Angeles.

Alliance Broadway Schools

Los Angeles,
CA
(2011)

Boys and Girls Clubs, Community, Recreation, Schools, Youth and Families

CDE(s): Genesis LA CDE, Local Initiatives Support Corporation, Low Income Investment Fund

Financing for permanent facilities for two Alliance schools: the existing College-Ready Middle School #5, which had outgrown the Boys and Girls Club on Pasadena Avenue, and the College-Ready High School

Exceptional Children’s Foundation

Inglewood,
CA
(2016)

Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): Genesis LA CDE

Genesis LA has closed $7.75 million in NMTC financing to support the Exceptional Children's Foundation expand its services into Inglewood.