Report Overview
The 2008 Impact Report provides an overview of Clearinghouse CDFI’s lending activity and community impact across California. The report examines results achieved through core lending, New Markets Tax Credits, and single-family housing programs, highlighting affordable housing development, community facilities financing, job creation, and homeownership opportunities for low- and moderate-income families.
By 2008, Clearinghouse CDFI had financed more than $540 million in below-market loans and equity investments since inception. The report details how financing supported nonprofit organizations, revitalized disadvantaged communities, expanded access to essential services, and contributed to economic growth throughout the state.its
By 2008, Clearinghouse CDFI had financed more than $540 million in below-market loans and equity investments since inception. The report details how financing supported nonprofit organizations, revitalized disadvantaged communities, expanded access to essential services, and contributed to economic growth throughout the state.its
Report Highlights
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Financed more than $540 million in below-market loans and equity investments since inception -
Funded 37 core loans totaling $23.9 million in 2008
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Helped develop or rehabilitate 482 housing units, with nearly 90% designated as affordable housing
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Provided 11 community development loans totaling $9.1 million
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Funded three small business loans totaling $2.5 million, helping create 255 construction and permanent jobs
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Deployed $168 million in New Markets Tax Credit financing across 26 qualified community development projects through 2008
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Helped 199 families across 20 California counties purchase homes through $56.4 million in single-family lending during 2008
