LA Family Housing Corporation (LAFHC) is a nonprofit dedicated to helping homeless and low-income individuals find long-term, stable housing solutions. LAFHC has served Los Angeles County for 35 years.
Clearinghouse CDFI provided a $330,000 loan for LAFHC to refinance an affordable, 25-unit apartment building in a highly populated area of Inglewood, CA.
Clearinghouse CDFI’s loan will allow LAFHC 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% AMI, and 3 units for those earning < 80% AMI.
Download the PDF: Just Funded – LA Family Housing Corporation