Laura Friedman (D-CA30)

  • Appropriations Staffer: Carissa Bunge
  • carissa.bunge@mail.house.gov
  • DC Phone: 202-225-4176
  • Last updated: 02/25/2026

Impact in the District

Between 2005 and 2023, there was $689.7 million in total lending from CDFI Fund award recipients, including $199.9 million in loans to businesses and entrepreneurs, $325.2 million in housing development and mortgage lending, $33.3 million in consumer lending, $96.3 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
Burbank Housing Development Corporation
  • Burbank,
  • California
  • Rural Community Assistance Corporation
In 2017, 22 fires destroyed an estimated 6,000 homes in Sonoma County. Historically, Sonoma’s housing development already lagged behind demand. Wildfire losses exacerbated the housing deficit; and after the fires, Sonoma’s housing supply was at an all-time low.
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LA Prep South
  • Los Angeles,
  • California
  • Genesis LA Economic Growth Corporation
Acquired and rehabilitated existing warehouse buildings into a specialized facility leasing food production space to small and businesses and other seeking production space. The approximately 60,000 sq. ft. multi-tenant food production facility located in South Los Angeles, California provides pre-inspected, ready-to-occupy, private kitchen spaces to small food manufacturers.
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Lincoln and Orange Grove
  • Pasadena,
  • California
  • Genesis LA Economic Growth Corporation
Financing for the construction of a 67,732 sq. ft. four-story mixed-use project in Pasadena, California that will include 22 low-income, 13 moderate-income, and 11 workforce housing units, 6,167 sq. ft. of commercial space, 3,850 sq. ft. of office space, a 380 sq. ft. community room, and 138 subterranean parking spaces. Low-income, moderate-income, and workforce units are available to buyers earning up to 80%, up to 120%, and up to 150% of the area median income, respectively.
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One of CHC’s Most Impactful Projects Under Construction
  • Los Angeles,
  • California
  • Community Housing Capital
In 2016, Community Housing Capital (CHC) began working with the Little Tokyo Service Center (LTSC) to build 187 deeply and permanently affordable apartments in Los Angeles, California. Using a $4.6 million draw from its $5.5 million line of credit with CHC, LTSC acquired three adjacent sites. Combined with sites owned by the Los Angeles County Metropolitan Transit Authority (MTA), the project encompasses nearly an entire city block. Rising as a series of 6-story buildings above the Red Line’s Vermont/Santa Monica Station in East Hollywood, the new apartments will be 100% permanently affordable. Apartments will serve extremely low-income residents with earnings at or below 50% of the area median income (AMI), with 85 of the apartments at 30% AMI or below. In 2019, CHC renewed the original land acquisition loan and increased it to $7.1 million to cover a substantial portion of predevelopment costs.
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Owner of Dr. Shica’s Bakery in Los Angeles, California
  • Los Angeles,
  • California
  • Dreamspring CDFI
Owner of Dr. Shica's Bakery in Los Angeles, California
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Project Angel Food
  • Los Angeles,
  • California
The Project Angel Food ("PAF") NMTC project will finance the renovation of a 16,086 square foot facility in Los Angeles. Once complete, the project will triple the number of meals it provides to distressed communities. The project is the first phase of a 2-phase master development plan for PAF.
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CDFIs with Branches in the District
California Community Reinvestment Corp.
  • Headquarters
  • , Glendale
California Credit Union
  • Headquarters
  • , Glendale
Episcopal Community Federal Credit Union
  • Headquarters
  • , Los Angeles
Mission Valley Bank
  • Headquarters
  • , Sun Valley
Mission Valley Bank
  • Burbank Branch
  • , Burbank
Partners Bank
  • Buena Vista Plaza Branch
  • , Burbank
Partners Bank
  • GC3 Branch
  • , Glendale
Partners Bank
  • Burbank Branch
  • , Burbank
Partners Bank
  • Walt Disney Studios Branch
  • , Burbank
Partners Federal Credit Union
  • Headquarters
  • , Burbank
Royal Business Bank
  • Los Angeles Branch
  • , Los Angeles

Map of CDFI Branches and Stories in

California Fact Sheet

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