|Back to Community Investment Center|
Clearinghouse CDFI has a unique philosophy in which we offer no specific "loan programs". Rather, we insist on funding loans that meet the following requirements:
As a result of this philosophy, Clearinghouse CDFI has funded a wide variety of unique and impactful loans. In terms, allows us to continue to sustain our mission in providing unmet credit needs in the communities we serve.
Clearinghouse finances are designated for low-income households (those making 80 percent or less of the area median). We give priority to developmental projects that target a greater percentage of the units to low-income households and/or target tenants making 60 percent or less of the area median. In 2007, Clearinghouse loans have served over 3,000 low income people throughout the California.
Loans for affordable housing represent the largest category of lending over the past 10 years. The majority of these loans are for the creation or preservation of affordable for sale and rental housing. These loans are made to non-profit organizations with a mission to build and preserve special needs housing, affordable housing, and rental housing units. In addition, Clearinghouse CDFI funded different community development projects including: charter school sites, child care centers, multi cultural facilities, job training centers and dental clinics serving low income people. Clearinghouse's loans provide tremendous impact on the lives of low-income residents. The funding of such loans has enabled us to excel as one of the largest community facilities lenders in California. We are proud in our efforts to build, maintain and strengthen the educational, health, and social facilities that are critical to a neighborhood's development.