Capital Absorption
Los Angeles
Genesis LA seeks to attract and leverage capital for investment in a pipeline that advances the goals of community ownership in Los Angeles.
The 3C initiative helps teams strengthen local community investment ecosystems and advance racial equity through safe, affordable housing.
Using the Center for Community Investment’s Capital Absorption Framework, multisector stakeholders in Los Angeles collaborate to achieve ambitious results that go beyond individual projects to systems change. The three-year initiative is working to scale affordable housing and redress the ways structural racism has shaped American housing systems with dramatically negative consequences for many communities of color.
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Exploring Community Wealth Building and Community Ownership Strategies
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In The News
Structural Change: 3C Initiative Promotes Housing Affordability and Racial Equity in Five U.S. Cities
Network News
JPMorgan Chase Announces new business and philanthropic commitments to help close the housing affordability gap in Washington D.C. and beyond
... 's participation in the Connecting Capital and Community (3C) initiative led by the Center for Community Investment at the Lincoln Institute ...
Pathways to Asset Ownership
The focus of the work is on building community ownership models that build wealth for community-based organizations and low-moderate income families of color.
Achieve a result that goes beyond individual projects to a system scale aimed at changing the structure of opportunity.
Adopt mixed income/social housing models that can generate financial feasibility with less reliance on public subsidies.
Collaborate with communities to identify feasible housing models that meet community needs.
Explore different legal ownership models beyond the fee-simple single-family home market.
Leverage alternative capital sources by introducing new types of investors to community-based work.
Build a more equitable region and close the racial wealth gap.
Network Partners
This grant is part of JPMorgan Chase’s national $400 million, five-year philanthropic commitment to promote housing stability and affordability and improve homeownership opportunities to close the housing affordability gap for Black, Hispanic, and Latino households.
Partner
JPMorgan Chase & Co
Participating Organizations
Neighborhood Development
Program Partners
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