Federal grants to Genesis La Economic Growth Corporation
Genesis La Economic Growth Corporation in Los Angeles, California received $15.2 million in federal grants from fiscal 2021 to 2025, across 7 awards. Its largest program was Capital Magnet Fund, with $6.5 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$15.2 million
- Awards7
- Awarded in FY 2025$0
- Largest award$5.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $3.3 million |
| FY 2022 | 2 | $5.9 million |
| FY 2023 | 2 | $4.8 million |
| FY 2024 | 1 | $1.3 million |
| FY 2025 | 0 | $0 |
Programs that fund Genesis La Economic Growth Corporation
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 2 | $6.5 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $4.1 million |
| Community Development Financial Institutions Program | 3 | $2.8 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 7 | $15.2 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | June 22, 2022 | $5.0 million |
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $4.1 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Capital magnet fund award | Capital Magnet Fund | February 22, 2021 | $1.5 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $1.3 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | December 8, 2021 | $870,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $640,000 |
Questions people ask
How much federal grant money does Genesis La Economic Growth Corporation get?
$15.2 million in 7 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Genesis La Economic Growth Corporation the most?
The Department of the Treasury, with $15.2 million in 7 awards.
What is Genesis La Economic Growth Corporation's largest federal grant?
$5.0 million under Capital Magnet Fund, with its first action in the period on June 22, 2022. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Genesis La Economic Growth Corporation?
Its largest are Capital Magnet Fund, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Community Development Financial Institutions Program.
Other grant recipients in Los Angeles
- Los Angeles County Metropolitan Transportation Authority
- University of California, Los Angeles
- University of Southern California
- County of Los Angeles
- Department of Airports of the City of Los Angeles
- The Workforce Investment Board of the City of Los Angeles
- Cedars-Sinai Medical Center
- Housing Authority of the City of Los Angeles
Largest federal grant recipients in California · Federal grants in California