• detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

  • detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

  • detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

  • detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

  • detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

  • detail image of project

    $330,000 Loan Preserves 25 Affordable Apartment Homes in Los Angeles County

LA Family Housing Corporation

LA Family Housing Corporation (LAFH) is a nonprofit dedicated to helping homeless and low-income individuals find long-term, stable housing solutions. LAFH has served Los Angeles County for 35 years.

Clearinghouse CDFI provided a $330,000 loan for LAFH to refinance an affordable, 25-unit apartment building in a highly populated area of Inglewood, CA.

Clearinghouse CDFI’s loan will allow LAFH to maintain the affordability of all 25 units—consisting of two- and three-bedroom apartments—for the next 39 years. This includes:

  • 9 units for households earning ≤ 35% of area median income (AMI)
  • 9 units for households earning < 50% of AMI
  • 4 units for households earning < 60% of AMI
  • 3 units for households earning < 80% of AMI

Download the PDF: Just Funded – LA Family Housing Corporation

“Clearinghouse CDFI helped navigate our refinancing with efficiency and ease. Not only did we receive better terms, but we got additional money for critical repairs! Now we can continue to improve the lives of our participants by improving the community in which they live.”
- Jo-Anne Cohen, Director of Asset Managment, LA Family Housing
Financing Provided:
$330,000 Refinance
Location:
Inglewood, CA
Impact:
Preserve 25 affordable homes for 39 years
Purpose:
$330,000 Loan to Nonprofit Providing Affordable Housing in Los Angeles County
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