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CDE: Genesis LA CDE

Genesis LA CDE website

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:

  • 2018 Allocation: $55,000,000
  • 2020 Allocation: $55,000,000
  • 2021 Allocation: $50,000,000
  • 2022 Allocation: $60,000,000

Project Profiles and Stories

Vermont & Manchester (2022)

Los Angeles, CA

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

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CA Science Center (2023)

Los Angeles, CA

The $52 million total project cost will fund the construction of the exhibits for the new 200,000 sq. ft. Samuel Oschin Air and Space Center. The Space Center includes 3

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Bright Star Valor Middle School (2014)

North Hills, CA

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

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Hollywood Arts Collective and Career Center (2022)

Los Angeles, CA
In February, Genesis LA provided $11.4 million in NMTCs to finance the Hollywood Arts project.
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Community Owned Real Estate (2019)

East Los Angeles, CA
Joint venture between the three nonprofits to acquire five commercial properties for redevelopment and leasing to businesses and nonprofits.
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Jordan Downs Redevelopment (2018)

Los Angeles, CA
Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops.
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Union Rescue Mission (2020)

Los Angeles, CA
  • Community, Community Kitchen, Daycare and Early Childhood, Dental Services, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families
  • CDEs: 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
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Charles Drew University (2020)

Los Angeles, CA
  • Adult Education, College or Vocational Training, Community, Food Bank or Pantry, FQHCs, HBCUs, Healthcare, HFFI, Higher Education, Homeless Services, Shelters and Community Food, Vocational Training
  • CDEs: 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
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Lincoln and Orange Grove (2020)

Pasadena, CA
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
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Azalea Plaza (2012)

South Gate, CA
Azalea Plaza was a major public priority for the city of South Gate and County of Los Angeles.
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Summit Grove (2016)

Pasadena, CA
NMTC financing for the construction of 21 affordable homeownership units that replaced a nuisance liquor store at a blighted intersection in Pasadena.
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MERCI (2015)

Monterey Park, CA
  • Adult Education, College or Vocational Training, Community, Disability Services, Healthcare
  • CDEs: 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.
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Children’s Institute, Watts Campus (2020)

Los Angeles, CA
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.
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LA Prep South (2017)

Los Angeles, CA
Acquired and rehabiliated existing warehouse buildings into a specialized facility leasing food production space to small and businesses and other seeking production space.
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Mercado la Paloma (2014)

Los Angeles, CA
  • Affordable Housing, Arts, Community, HFFI, Incubator, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial
  • CDEs: 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.
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Friends Community Housing (2010)

Los Angeles, CA
  • Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Housing, Mixed-use, Youth and Families, Youth Program
  • CDEs: Genesis LA CDE, Telesis CDE Corporation
NMTC financing for a scattered location group home project.
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One Santa Fe (2011)

Los Angeles, CA
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.
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Alliance Broadway Schools (2011)

Los Angeles, CA
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
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LA LGBT Anita May Rosenstein Campus (2017)

Los Angeles, CA
A multi-purpose campus provides a “beacon of hope” for LGBT youth and seniors.
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Youth Orchestra of LA (YOLA) (2019)

Inglewood, CA
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.
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Exceptional Children’s Foundation (2016)

Inglewood, CA
  • Community, Daycare and Early Childhood, Disability Services, Healthcare, Youth and Families
  • CDEs: 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.
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