Clearinghouse CDFI

Clearinghouse CDFI

Clearinghouse CDFI, established in 1996, serves low-income and disadvantaged communities across the U.S. and Indian Country by financing affordable housing, community facilities, small businesses, and commercial real estate projects.

Company History

Clearinghouse CDFI was established in 1996 with the mission to serve low-income and disadvantaged communities in Southern California. Over the years, the organization has expanded its service area to address unmet credit needs across the United States and Indian Country. Since its inception, Clearinghouse CDFI has funded $1.2 billion in total loans for over 1,650 projects, creating or retaining more than 13,800 jobs.

Services

Clearinghouse CDFI primarily focuses on financing direct loans for multi-family affordable housing, community facilities, small businesses, and commercial real estate. The organization offers a variety of loan types including construction, acquisition, renovation, expansion, and refinance. They provide both short and long-term permanent, fixed-rate mortgages ranging from three to twenty-five years fully amortizing.

Impact and Achievements

Clearinghouse CDFI has made significant impacts in underserved communities, including the creation, rehabilitation, or preservation of 13,067 affordable housing units. The organization has deployed over $593.6 million into projects in these communities through New Markets Tax Credits (NMTC) since 2000. Clearinghouse CDFI's contributions include $12 million in NMTC funds for the expansion of educational opportunities at College of the Desert in Indio, California and significant financing for community projects such as the Sol Dog Lodge in Marana, AZ and Let it Roll Bowl in Phoenix, AZ.

Certifications and Ratings

Clearinghouse CDFI is a Certified B Corp, demonstrating high levels of performance, accountability, and transparency. The organization has earned the highest possible scores in both categories of the Global Impact Investing Rating System (GIIRS), including a PLATINUM Overall Impact Business Model rating and a FIVE STAR Overall Impact Operations rating.

Office Locations

Clearinghouse CDFI operates out of five office locations: Lake Forest, CA; Austin, TX; Frisco, TX; Las Vegas, NV; and Phoenix, AZ. These locations enable the organization to serve a broad geographic area and effectively address the credit needs of underserved communities across the United States.

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