Tom De Simone is totally into community finance. He runs an $80 million community loan fund called Genesis LA. It's a Community Development Financial Institution (CDFI), which looks and feels like a bank (because they make loans), but with special 'super powers' reserved for triple bottom line projects and customers. CDFIs emerged in the 1990s, specifically to build capacity and projects in places that banks don't want to be. Organizations like Genesis LA fill that critical niche by investing in economic development, community services, housing and by providing working capital for small businesses. That's a lot of impact. For a start, 92% of Genesis LA's investments are made in distressed census tracts. 65% of borrowers are women and/or minority-owned businesses. 55% of projects promote environmental and community sustainability.   If you'd like to join me in my quest to rethink real estate, there are two simple things you can do. Share this podcast and go to RethinkRealEstateForGood.co, where you can subscribe to be the first to hear about my podcasts, blog posts and other goodies.

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