Genesis LA Economic Growth Corporation Stories and Data

Genesis LA Economic Growth Corporation Stories

Bridging the Gap: A Public Servant’s Path to Homeownership
For years, Kathleen dreamed of owning a home where she could build stability and one day welcome a foster child.
A Grand Opening Like No Other
A brand new, 90-unit affordable housing community near downtown Sunnyvale, has opened the doors to its first residents and officially celebrated with a Grand Opening like no other!
St. John Manor
Clearinghouse CDFI (CCDFI) provided a $4,097,478 loan to St. John Village, LP to support the refinancing efforts of St. John Manor, an affordable independent living property for senior citizens in Bakersfield, CA.
Fairchild Medical Center
Fairchild Medical Center (FMC) is expanding its campus to address the critical healthcare shortages affecting low-income, rural residents of Siskiyou County, California. With 30% of residents unable to access care due to a lack of available doctors and 54% unable to secure medical appointments in the past year, the need for increased medical services is urgent.

Genesis LA Economic Growth Corporation Fact Sheet

Testimonials

CDFIs are filling the deep credit gap encountered in many communities providing financing to small businesses, affordable housing, and community facilities, creating jobs and business opportunities and promoting revitalization.

-Mark Wilson, Coalition for Responsible Community Development, Los Angeles, CA

Century is a CDFI, and we finance affordable housing and provide capital to underserved communities. We urge continuation of investment and support the appropriation of critical funds to produce more housing.

-Beulah Ku, Century Housing, Culver City, CA

CDFIs are very good stewards of federal dollars, both in terms of leveraging other resources and by making loans and investments with great repayment history.

-Suzanne Anarde-Devenport, Rural Community Assistance Corporation (RCAC), West Sacramento, CA

Map of Genesis LA Economic Growth Corporation CDFI Branches and Stories