Genesis
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Founded in 1998 by former Los Angeles Mayor Richard Riordan, Genesis LA is a Community Development Financial Institution (CDFI) and Community Development Entity (CDE) that focuses on delivering financial solutions to underserved communities in Los Angeles. The organization has established a significant role in the local financial ecosystem by providing flexible and patient capital to support community development projects.
Genesis LA deploys capital through its Genesis Community Investment Fund and utilizes New Markets Tax Credits to leverage investments for community growth. By designing specialized loan products and incorporating programming initiatives, Genesis LA aims to enhance the long-term capacity and financial viability of its borrowers' projects.
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