Genesis LA

Our Approach to Community Development

At Genesis LA, our investment method is informed by over 25 years of work in our communities. We center 3 principles in our Strategy and implement them through 5 Activities:

STRATEGY

CAPITAL

We offer flexible and customized loan products to finance borrowers and projects in communities that have historically been cut off from financial resources. 

CAPACITY

We work hands-on to build the capacity of community organizations, nonprofits, and local developers who have innovative projects and strategies but need support to find a viable path forward.

COMMUNITY

By delivering capital and building capacity, we bring about positive change by delivering goods, services, jobs, and housing to residents of low-income communities, benefitting the Los Angeles region at large.

CDFI LENDING

We make direct CDFI loans to nonprofits, small businesses, and emerging enterprises. Our provision of flexible capital funds various real estate development phases. Each project we invest in must be economically viable and yield tangible benefits to underserved communities & individuals.

NMTC LENDING

We receive New Mart Tax Credit (NMTC) allocation from the U.S. Treasury’s Department CDFI Fund. NMTC’s leveraged finance structure generates tax credits that subsidize approximately 20% of the capital needed to make financing viable for community and economic developmental projects.

PROGRAMS

Genesis LA initiates or co-creates programs with a variety of partners to address specific community needs. These programs often involve intensive capacity building, cross-sector collaboration, and the implementation of pilot projects.

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BLOCK BY BLOCK
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Cal CORE
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3C
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INTERMEDIARY SERVICES

Genesis LA provides intermediary services upon request by third parties, where we provide community finance services for public and/or private partners. This work involved deploying subgrants, administering programs, and underwriting loans/PRIs.

Denali (Street View of Long Side)
Los Angeles County Commercial Acquisition Fund (LACAF)
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Santa Fe P1 (Color Rendering)
Strong Prosperous and Resilient Communities Challenge (SPARCC)
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Genesis LA provides development assistance services, which can consist of training and 1-on-1 peer support to potential borrowers. This assistance prepares our borrowers to access our financing resources, setting them up for long-term success.

Project Formulation

  • Real Estate Fundamentals
  • Property Acquisition
  • Site Identification
  • Construction Bidding & Monitoring
  • Property & Asset Managements

Project
Feasibility

  • Sources & Uses Budget Preperation
  • Underwriting Process
  • Operating Proforma Forecasting

Project Capitalization

  • Vetting & Structuring Capital Terms
  • Assembling Capital
  • Capital Raising Support
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Jessica Waybright

General Counsel

Jessica Waybright joined Genesis LA in 2008 and serves as General Counsel. She reviews loan due diligence, assists with loan structuring, and both drafts and reviews loan documents. She also oversees program compliance with government and private institutions.

Prior to joining Genesis LA, Ms. Waybright worked as a Real Estate and Transactional Attorney for Spierer, Woodward, Cobalis & Goldberg, where she drafted and negotiated terms of both real estate and business transactions.

Ms. Waybright earned a Bachelor of Arts in International Relations and Economics from the University of California, Davis and earned her Juris Doctor from the University of California, Hastings College of Law. She is admitted to the California Bar.