financials & Reports

2008 Annual Report —
Passport to Opportunity

Explore Clearinghouse CDFI’s 2008 Annual Report, highlighting lending activity, financial performance, affordable housing financing, and organizational growth.
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Report Overview

Clearinghouse CDFI’s 2008 Annual Report reflects a year of continued growth and organizational strength. During the year, the organization expanded lending activity across multiple financing programs, introduced the CRA Loan Pool to support future lending capacity, and received national recognition for its lending practices. Financing supported affordable housing, community facilities, small businesses, New Markets Tax Credit projects, and homeownership opportunities, while Clearinghouse CDFI continued strengthening its financial position and expanding its reach.

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Cover of the Clearinghouse CDFI 2008 Annual Report featuring the organization's Prosperity Through Opportunity theme

Report Highlights

  • Financed more than $92 million in loans and investments serving over 240 borrowers
  • Increased total assets to $262 million
  • Achieved record pre-tax earnings of more than $2.7 million
  • Received a $90 million New Markets Tax Credit allocation award
  • Funded approximately $10.6 million in community development loans
  • Funded approximately $10.7 million in affordable housing loans
  • Funded approximately $11.7 million in New Markets Tax Credit loans
  • Originated $56.6 million in mortgage loans for 201 families
  • Completed the organization’s first mortgage loan outside California
  • Featured in Newsweek magazine for responsible lending practices