financials & Reports

2009 Annual Report —
Making a Difference

Marking 10 consecutive years of profitability during one of the most challenging periods in the financial sector
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Report Overview

The 2009 Annual Report reflects Clearinghouse CDFI’s ability to deliver results during one of the most difficult periods in the financial sector. The organization achieved its 10th consecutive year of profitability, funded more than $83 million in loans, and continued supporting affordable housing, community development, and New Markets Tax Credit projects throughout California. The year also included a $100 million New Markets Tax Credit allocation award and a $1 million award from the U.S. Treasury’s CDFI Fund, strengthening Clearinghouse CDFI’s capacity to expand its impact in low-income communities.

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Cover of Clearinghouse CDFI's 2009 Annual Report

Report Highlights

  • 10th consecutive year of profitability
  • More than $83 million in total loans funded
  • $100 million New Markets Tax Credit allocation award
  • $1 million CDFI Fund award
  • $50 million in New Markets Tax Credit loans funded
  • $25.5 million in core loans funded
  • More than $16.7 million in affordable housing loans funded
  • More than $8.7 million in community development loans funded
  • Continued expansion of affordable housing, community facilities, and economic development financing
  • Maintained strong capital levels and an equity-to-assets ratio exceeding 17%