Report Overview
The 2010 Annual Report highlights a year of record production and continued financial strength. Clearinghouse CDFI achieved its 11th consecutive year of profitability, funded more than $137 million in loans, and recorded its highest level of New Markets Tax Credit lending to date. The year also marked a historic achievement as Clearinghouse CDFI became the first non-depository CDFI in the nation to borrow from a Federal Home Loan Bank, expanding access to competitively priced capital and affordable housing resources.
Report Highlights
-
11th consecutive year of profitability
-
More than $137.6 million in total loans funded
-
Record-setting New Markets Tax Credit lending exceeding $105 million
-
First non-depository CDFI in the nation to borrow from a Federal Home Loan Bank
-
$107.7 million in New Markets Tax Credit transactions
-
$13 million Communities at Work Fund award
-
$750,000 CDFI Fund Financial Assistance Award
-
$44.5 million financed for educational facilities
-
235 affordable homes financed for individuals and families
-
2,474 students served through new and improved educational facilities
-
487 jobs created, including 133 permanent and 354 construction jobs