Pomona, CA
Genesis Community Investment Fund: $1,000,000

Genesis LA made the Borrower a pre-development acquisition loan to purchase a vacant supermarket in Pomona. The Developer rehabilitated the market into a 49,000 sq. ft. commercial building that will house the Los Angeles County Department of Social Services (DSS). The DSS plans to expand its Senior Services Department by 80 full-time positions to better serve the community's growing senior population.

A Place Called Home

South Los Angeles, CA
Genesis Community Investment Fund: $20,000

Genesis LA provided consulting services to assist with the master planning of two sites owned by A Place Called Home (APCH), a private non-profit organization that provides a safe space for local school children and teens in gang infested areas. With a combined area of 21,000 sq. ft., the site(s) will be the location for APCH's after school enrichment programs, which will include remedial literacy tutoring, adult high school classes, mentoring, counseling, job training, gang prevention, and arts and dance instruction.

Austin Family Center

Downtown Los Angeles, CA
Genesis Community Investment Fund: $882,000
New Markets Tax Credits (NMTC): $418,000

This endeavor will execute adaptive reuse and rehabilitation efforts to transform a 5,000 sq. ft. Downtown Los Angeles warehouse into a Center for the Developmentally Disabled. The Borrower will sub-lease space to other entities that will work in conjunction with the Center's mission. The Austin Family Center will provide various types of job training and every-day-life-skills instruction to teenagers and adults to help them make the transition into mainstream society.

Berman Corsan

City of San Fernando, CA
Genesis Community Investment Fund: $305,000

The Berman Corsan building is located at the south end of the City of San Fernando's prime shopping district, regionally known for "celebration stores" featuring seamstress and formal dress stores, photography studios, shoe stores, event planners, party favor, and decorations stores. Under this project the building will undergo rehabilitation of its exterior façade and mechanical systems, and the low cost loan will allow the Borrower to retain locally owned business.

Children's Museum

Lake Hansen Dam Recreation Area, CA
Genesis Community Investment Fund: $1,000,000

Children's Museum of Los Angeles (CMLA), a not-for-profit arts organization since 1979, has decided to move its headquarters from Downtown Los Angeles to the San Fernando Valley and build a new 57,000 sq. ft facility, catering to children 2-13 years old, their families, and educators. The facility is incorporating a "green" design, and while the exterior will integrate itself into the landscape, the interior will be "unfinished," allowing observers to see the structure's bracing, electrical, mechanical, and plumbing systems. Genesis LA provided a bridge loan to allow the project to move forward while complex public and private grants and loans were completed.

CurtisCARE Child Development Program

Downey, CA
Genesis Community Investment Fund: $400,000

The Borrower will rehabilitate a stand-alone office building into an attractive 3,000 sq. ft. Center for the Developmentally Disabled, portions of which are to be leased to CurtisCARE Child Development Program (CurtisCARE). CurtisCARE will offer a series of developmental programs for children 18-36 months old with disabilities such as autism, cerebral palsy, brain damage, prenatal drug/alcohol exposure, and will provide therapy for children who experience social and emotional disorders.

Historic Filipinotown

Echo Park, CA
New Markets Tax Credits (NMTC): $10.76 Million of Allocation

This project seeks to rebuild the neighborhood's historic role as a center for the Filipino community in Los Angeles by creating a vibrant retail, office, and 245-unit residential development, as a new landmark in Historic Filipinotown. The project is designed to be affordable to the workforce that serves five (5) major medical centers within a one-mile radius of the site. The Borrower plans to lease office space to social services agencies that focus on advocating the needs of the Filipino community.

La Alameda Regional Shopping Center

Walnut Park, CA
New Markets Tax Credits (NMTC): $10.3 Million of Allocation

The Developer gathered community in-put to design a new Latino-oriented shopping center within one of the largest concentrations of Latino-Americans in the United States. The project combines the stability of national credit tenants with the desirability of non-credit businesses and entrepreneurs where basic services, retail, and job opportunities are needed. With the Developer's deep understanding of minority markets, special attention was paid to ensure that local businesses, which provide meaningful cultural and commercial connections to the local community, were included. Genesis LA expects to lease 1,000 sq. ft. of space, at a below-market rental rate, to a local non-profit organization so it can provide community services in the shopping center's office building.

Mama's Hot Tamales

Pasadena, CA
Genesis Community Investment Fund: $650,000

The Borrower will use the loan to improve and equip a commercial building in the eastern area of the City of Pasadena, California. The intent is to help develop a community-serving project which will provide job training with hands-on and classroom instruction in the food services industry, to low- and moderate-income individuals in the region.

Paseo Sepulveda

North Hills, CA
Genesis Community Investment Fund: $325,000

Genesis LA provided a pre-development loan to the Borrower to create one of the first retail centers in the Los Angeles low-income community with national credit tenants. The development is a $15 million, 77,473 sq. ft. retail center on 6.2-acres of land.

Primestor Pacoima Project

Pacoima, CA
New Markets Tax Credits (NMTC): $30.09 Million of Allocation

The 26-acre commercial center project will include a Lowe's Home Improvement store and other nationally recognized retail stores. The NMTC allocation will allow the Developer to lease retail space to a larger percentage of local, non-credit entrepreneurs and restore a large number of jobs lost due to the relocation of the Price Pfister manufacturing plant. The construction phase will produce 127 construction jobs through local hiring and training programs, and the development will create 500 permanent, much needed jobs in an area with high unemployment rate and economic distress.

Sherman Way Center

Reseda, CA
Genesis Community Investment Fund: $125,000

This project involved the rezoning and entitlement efforts, for which Genesis LA provided the loan, of an underutilized commercial property to create approximately 170 affordable residential senior units on two parcels of property.

Sunset & Gordon

Hollywood, CA
New Markets Tax Credits (NMTC): $16.47 Million of Allocation

This mixed-use project will include 300 condominium units, 15,000 sq. ft. of office space, and 40,000 sq. ft. of retail space in Hollywood, California. Along with the new office and retail jobs the project will create, the Developer will implement a job training outreach program to hire 500 local crew workers during the construction process. Also, approximately half of the condominium units will be priced affordably to meet the area's demand for new, workforce housing in an economically distressed area.

Vermont & Slauson

South Central Los Angeles, CA
Genesis Community Investment Fund: $200,000

The Vermont Slauson Economic Development Corporation (VSEDC), a community-based non-profit organization, acquired the location, which was the site of civil disturbances in 1992 and had been vacant for six (6) years. The project is on 4-acres and now holds a 50,000 sq. ft. Gigante Supermarket and VSEDC Administration Offices. Genesis LA provided a construction gap financing loan for pre-development purposes.

wRight Road Adult Day Program

South Los Angeles, CA
Genesis Community Investment Fund: $660,000

A bridge loan to the Borrower, a non-profit community service organization that assists adults with developmental disabilities, provided funds to acquire a vacant property in South Los Angeles to develop a new state-of-the-art Adult Day Care facility. The project will create new office space that is unusual in this community, generate new jobs, and has the potential to revitalize an abandoned and blighted commercial lot formerly used as a local restaurant and mini-market.