Jimmy Gomez (D-CA34)

Impact in the District

Between 2005 and 2023, there was $1.3 billion in total lending from CDFI Fund award recipients, including $325.2 million in loans to businesses and entrepreneurs, $554.6 million in housing development and mortgage lending, $32 million in consumer lending, $340.1 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Ang’eliz Diamond
Minority-owned Business in San Gabriel Received $25,000 Working Capital Loan to Sustain the Business in Addition to a $1,300 Grant
Community Owned Real Estate
Genesis LA provided $10 million in financing to this project to acquire and rehabilitate 5 commercial properties (approx. 30,000 sq. ft.) located in the El Sereno and Boyle Heights communities of Los Angeles as well as Unincorporated East Los Angeles. Tenants within the portfolio include approximately 23 small business and nonprofit organizations who, in turn, provide goods, services, and jobs to the community. Occupants of the commercial spaces, small businesses and nonprofits, benefit from technical assistance provided by the CORE Partners.
Laura’s story and how her loan choice affected her life
How much of a difference can it make to choose one kind of loan over another? A huge difference. Read Laura’s story about her possible choice of payday or an installment loan to find out.
Los Angeles Legal Aid Justice Center, Inc.
Construct a new headquarter for LAFLA. Legal Aid Foundation of Los Angeles is thrilled to have its headquarters back in the Pico-Union area of Los Angeles and celebrated this milestone with a Ribbon Cutting Ceremony of the Ron Olson Justice Center on Monday, November 13, 2017. With this new building, LAFLA can expand its efforts providing access to justice for its client communities.The new facility has several features that helps Legal Aid Foundation serve clients, including a bright and inviting reception area, intake rooms that allow clients to speak privately with advocates while still being able to watch their children, accessibility to those who are disabled, and a Veterans Resource Center with legal resources and materials. On the top floor, a state-of-the-art board room and conference center will be available for trainings and community meetings
One Santa Fe
This project entailed 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. The project comprises 77,000 sq. ft. of commercial space supporting 438 rental residential units. The commercial component created 293 permanent jobs, 51% of which was held for low- to moderate-income individuals. It also generated 358 construction jobs. The project promotes sustainable growth in Los Angeles. Additionally, the project brings a grocery store and convenience retail to a low-income community that is under served in these areas.
CDFIs with Branches in the District
Acelera Financial Corp
Beneficial State Bank
California Capital Small Business Financial Development Corporation
California Capital Small Business Financial Development Corporation
Inclusive Action for the City
NHS Neighborhood Lending Services
PACE Finance Corporation
Pacific Coast Regional Small Business Development Corporation
Rize Federal Credit Union
USC Credit Union

Map of CDFI Branches and Stories in

California Fact Sheet