TERRA Network Receives Critical Financing to Bring Internet to Rural Alaska

Clearinghouse CDFI’s First Loan Within the State of Alaska will Improve the Standard of Living for Five Inupiat Eskimo Communities 5-15-17 – Northwest Alaska – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today that it has closed a New Markets Tax Credit transaction with General Communication Inc. (GCI) for the construction of an additional phase of TERRA (“Terrestrial for Read More »

Clearinghouse CDFI Awarded $65 Million New Markets Tax Credit Allocation from the United States Department of Treasury

Credits will be used to finance community development projects in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western United States   Lake Forest, CA – November 29, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today that it has been awarded a $65 million New Markets Tax Credit (NMTC) allocation from the United States Department of Read More »

Washoe Travel Plaza Officially Opens on Native American Reservation Land

New Plaza Will Provide Revenue for the Washoe Tribe of Nevada and California   5-31-16 – Gardnerville, NV – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) is proud to announce the grand opening of the Washoe Travel Plaza in Nevada. The new facility, financed by Clearinghouse CDFI, will provide an ongoing source of revenue for the Washoe Tribe of Nevada Read More »

NMTCs Fund Cleantech Innovation Campus

From the Novogradac Journal of Tax Credits: By Teresa Garcia, Staff Writer “[La Kretz] is in a severely distressed area, however, the area is undergoing significant revitalization,” said Jay Harrison, chief investment officer of Clearinghouse CDFI. Nearby, Clearinghouse and LADF have also contributed NMTC allocation to One Santa Fe, a $158 million mixed-use development with retail space and an affordable Read More »

Now Underway: Redevelopment of Landmark Renoir Hotel

Built in 1909, the landmark Renoir Hotel is located in a severely blighted area of downtown San Francisco. Upon completion, the renovated 64,000 sq. ft. building will create 198 jobs and encourage local economic growth. Featuring 135 rooms, the newly modernized hotel facility will offer community classes, space for community use, and implement energy conservation and waste reduction measures. This Read More »

Clearinghouse CDFI Sponsors Monarch’s Catalina Science Camp

Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) facilitated a $50,000 contribution to Monarch School in San Diego, a portion of which sent its 8th grade class on a three-day science camp at the Catalina Island Marine Institute (CIMI). “Since our students are homeless, their families don’t have the resources to provide them with adventurous, educational experiences that many of their Read More »

Highly Anticipated Pier South Resort Opens in Imperial Beach

New Resort is a Major Milestone in Local Revitalization Efforts   Pier South Resort officially opened its doors to the public today in Imperial Beach, CA. Deemed the “cornerstone of local revitalization”, the highly anticipated Pier South opening is expected to attract additional tourism and stimulate local economic growth. Two years in development, Pier South Resort is the result of Read More »

State of Nevada Dept. of Business & Industry Awards Clearinghouse CDFI $8 Million NMTC Authority

Las Vegas – The State of Nevada Department of Business and Industry announced today that it has awarded tax credit authority totaling $200 million to seven Community Development Entities (CDEs). The tax credit authority was issued under the Nevada New Markets Tax Credit Program which encourages economic development in low-income and distressed communities by making tax credits available to Community Read More »