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Clearinghouse CDFI
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) is a full-service, direct lender addressing unmet credit needs throughout the U.S. and in Indian Country through direct lending, equity investments, and financial assistance. For 25 years, Clearinghouse CDFI has helped bridge the gap between conventional lending standards and the needs of low-income, distressed, and communities of color. Clearinghouse CDFI is also a B Corp using business as a force for good while meeting rigorous standards of social and environmental performance, transparency, and accountability. Loans include affordable housing, community facilities, small businesses, and commercial real estate. Loan types include: construction, acquisition, renovation, expansion, and refinance. Clearinghouse CDFI offers both short and long-term permanent, fixed-rate mortgages from 3-years to 25 years fully amortizing.
Purpose
We believe that creditworthy borrowers whose projects create assets in the community deserve to be considered for financing. We’re here to finance these projects when a borrower’s unique circumstances don’t fit the criteria for traditional lenders because we feel that these opportunities will better the communities they are located in as well as provide jobs and more for the locals in those areas. Everyone deserves a chance and we want to help make that chance a reality if we can.
Vision
At Clearinghouse CDFI we believe in providing equal access to credit in neighborhoods of all income levels and ethnicities. We spend the time and energy required to fund creditworthy borrowers whose projects create assets in the community. These borrowers because of their unique circumstances are rejected or not even considered by traditional lenders.
Community development lending must be profitable in order to be sustained. As with conventional lenders, we carefully evaluate each applicant’s ability to repay the loan. Unlike traditional lenders, we do not have predefined loan programs. We analyze each loan application individually. Every loan we make benefits the community in a measurable way.
Community development lending must be profitable in order to be sustained. As with conventional lenders, we carefully evaluate each applicant’s ability to repay the loan. Unlike traditional lenders, we do not have predefined loan programs. We analyze each loan application individually. Every loan we make benefits the community in a measurable way.
Mission
Clearinghouse CDFI provides economic opportunities and improves the quality of life for lower- income individuals and communities through innovative and affordable financing that is unavailable in the conventional market while achieving shareholder objectives.
Additional Culture Details
We here at Clearinghouse CDFI pride ourselves on creating a stakeholder culture where self-motivation and direction are embodied. We pride ourselves in our team approach to management, honesty, mutual respect and family values. We celebrate the loyalty and work ethics of our staff, creating opportunities at all levels and exemplifying the Never Quit/ Can Do Attitude.
As a business, we cultivate an evolving environment strong in customer service, empathy, diversification and flexibility, encouraging the perfect balance between production and prudence, while staying understanding and mission driven.
As a business, we cultivate an evolving environment strong in customer service, empathy, diversification and flexibility, encouraging the perfect balance between production and prudence, while staying understanding and mission driven.
Values
- Building Healthy Communities
- It is our mission as a for-profit Community Development Financial Institution to create positive, measurable impacts in the community.
Recent Awards
Company Snapshots
