Report Overview
Clearinghouse CDFI’s 2023 Annual Report highlights a year of record lending activity and significant organizational progress. The report showcases how investments in affordable housing, small businesses, community facilities, and healthcare continued to advance economic opportunity in communities across the country.
It also marks an important turning point for the organization. A successful recapitalization effort, continued growth of FVLCRUM, and expansion of Opportunity Zone development activity established a foundation for the next phase of growth and community impact.
It also marks an important turning point for the organization. A successful recapitalization effort, continued growth of FVLCRUM, and expansion of Opportunity Zone development activity established a foundation for the next phase of growth and community impact.
Report Highlights
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$187.2 million in annual loan volume -
70 projects financed in 2023
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$237 million in total project financing, including NMTCs
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1,089 housing units developed, rehabilitated, or preserved
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79% of housing units created were designated affordable
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5,407 jobs created or retained
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$751 million in total assets
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$4.6 million in net income
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24th consecutive year of profitability
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FVLCRUM exceeded its fundraising target and closed with more than $300 million in commitments
