Report Overview
Clearinghouse CDFI’s 2019 Annual Report highlights a year of strong financial performance and important milestones that laid the groundwork for future growth. The organization achieved a record level of net income, expanded its Opportunity Zone activity, and advanced plans to establish a national footprint.
The report also showcases projects that supported affordable housing, education, tribal enterprises, healthcare, and services for vulnerable populations. Together, these efforts strengthened communities while positioning Clearinghouse CDFI to serve a broader geography in the years ahead.
The report also showcases projects that supported affordable housing, education, tribal enterprises, healthcare, and services for vulnerable populations. Together, these efforts strengthened communities while positioning Clearinghouse CDFI to serve a broader geography in the years ahead.
Report Highlights
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$105 million in loans funded during 2019 -
$91 million financed for projects serving low-income families
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$6.8 million in net income
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$546 million in total assets
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$254 million in outstanding Bond Guarantee Program borrowings
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First CDFI-sponsored Opportunity Zone project in the nation
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$13.8 million Opportunity Zone project in Los Angeles
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65% of projects funded to minority- or women-owned organizations
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1,000 units of affordable, student, and shelter housing created
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$1.9 billion in cumulative lending since inception
