News

First Crowdfunded Accelerator for “Best for the World” B Corps Raises $1M

The “Force for Good Fund,” a project of Community Ventures with support from LIFT Economy, invests in women and people of color-owned businesses that are creating an outsized positive impact on society and the environment.   The Force for Good Fund (http://www.lifteconomy.com/forceforgood) announced today that it has raised $1M to nurture, grow, and launch women and people of color-owned, “Best Read More »

CIT Bank Invests $2.5 Million in Clearinghouse CDFI

Largest single investment in organization’s 20-year history will be used to benefit low-income and underserved communities in Southern California   LAKE FOREST, CA, August 22, 2017: Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a $2.5 million Class A equity investment from CIT Bank, the largest such investment in the organization’s 20-year history. With this investment, CIT Bank also Read More »

2017 ‘B’ BOLD Internship Program Awardees Announced

Meet the 2017 ‘B’ BOLD Interns: Building Bridges through Outreach Leadership Development Salvador Leon & Victoria Esquivel Salvador Leon is a 17-year old student entering his senior year at Santa Ana High School. His favorite subject is English. He first heard about the ‘B’ BOLD internship through an email from his school counselor. When asked why he decided to apply, Salvador said that Read More »

A 2016 ‘B’ BOLD Intern Follow-Up: Jesus Medina, 1 Year Later

  A Little Background on Jesus… Jesus participated in the 2016 round of the Clearinghouse CDFI ‘B’ BOLD Internship Award Program as a junior at Ocean View High School. Read his original ‘B’ BOLD experience post here: https://www.clearinghousecdfi.com/event/jesus-2016-intern-experience. Jesus is now entering his senior year of high school, and looks forward to college applications this fall. A year after completing Read More »

5 Lessons on Facilitating Cross-Industry Collaboration on Inclusion & Diversity

B Lab Inclusion Challenge and Peer Groups Clearinghouse CDFI is committed to furthering Diversity and Inclusion both internally and externally through lending, community service, and amongst staff. As a part of Clearinghouse CDFI’s ongoing Diversity and Inclusion efforts, Impact Manager Mai Nguyen and Community Impact Analyst Avery Ebron elected to participate in B Lab’s peer group program. The program goal, Read More »

TERRA Network Receives Critical Financing to Bring Internet to Rural Alaska

Project: TERRA Network

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 »

Now Hiring: Clearinghouse CDFI Market Representative – New Mexico

Job Description Clearinghouse CDFI Market Representative – New Mexico Reports to: Chief Production Officer Primary Purpose: Support the mission of Clearinghouse CDFI and loan production goals by generating loan leads and identifying potential borrowers. Essential Duties and Responsibilities: Loan production (goals set annually) Grow contacts within New Mexico market area Increase awareness of Clearinghouse CDFI through a variety of means including Read More »

B-Corporation: A Unique & Attractive Structure

Clearinghouse CDFI is featured in Avenues to Affordability, a Cinnaire Publication, in an article on its status as a B Corp. President/CEO Douglas Bystry discusses how it can and should be both profitable and impactful. Download the article here: Avenues Issue 3 PRESS p16,17 View the full publication here: https://issuu.com/glcf/docs/avenues_to_affordability_issue_3_20 Please download the article above or view the full issue Read More »

Community Bank Invests $700,000 in Clearinghouse CDFI to Benefit Distressed Communities throughout California

$700,000 investment will benefit distressed communities throughout Southern California LAKE FOREST, CA – January 11, 2017 – Community Bank (OTC: CYHT), founded in 1945, is a family-owned Southern California regional community bank, with assets of $3.5 billion, and headquartered in Pasadena with 17 business centers. The bank recently added a $700,000 equity investment in Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) Read More »