• 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 (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

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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