• detail image of project

    Now Complete! Impact: 10 affordable housing units, 38 workforce housing units, & a community center

  • detail image of project

    Now Complete! Impact: 10 affordable housing units, 38 workforce housing units, & a community center

  • detail image of project

    Now Complete! Impact: 10 affordable housing units, 38 workforce housing units, & a community center

  • detail image of project

    Now Complete! Impact: 10 affordable housing units, 38 workforce housing units, & a community center

Worthington Square

$5.25 Million Construction Loan for Mixed-Use Development

Worthington Square is a mixed-use property located in the distressed area of Imperial, CA.

Clearinghouse CDFI provided a $5.25 million leverage loan towards the construction of 58,000 sq. ft. of this mixed-use, residential and commercial space. This $12 million New Markets Tax Credits development will create 10 quality, affordable housing units, 38 workforce housing units, and will lease a significant portion of the retail area to be used as a community center.

The community space will be home to annual programs including:

  • An enrichment program serving 550 children
  • Exercise and counseling programs serving up to 300 adults and seniors
  • A job training program serving up to 180 low-income individuals

Development of Worthington Square will create 79 construction jobs and 48 full-time jobs, and revitalize a blighted downtown area.

Download the flyer: Just Funded – Worthington Square

View the Worthington Groundbreaking.

Financing Provided:
$5.25 Million Construction Loan
Location:
Imperial, CA
Impact:
A community space that will be home to:
- An enrichment program serving 550 children
- Exercise and counseling programs serving up to 300 adults and seniors
- A job training program serving up to 180 low-income individuals
Purpose:
Development of a Mixed-Use Property in a Distressed Area
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