The Work Index by Flexa

Clearinghouse CDFI

Clearinghouse CDFI is a community lender and Benefit “B” Corporation that addresses unmet credit needs throughout the U.S. and in Indian Country through direct lending, equity investments, and financial assistance.

https://www.clearinghousecdfi.com/
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Description

Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) is a mission-driven lender that provides financing to projects and businesses that create jobs and services to help people work, live, dream, grow, and thrive in healthy communities. Founded in 1996 to serve low-income and disadvantaged communities in Southern California, Clearinghouse CDFI has expanded its service area to address unmet credit needs throughout the U.S. and in Indian Country. They focus on direct lending for multi-family affordable housing, community facilities, small businesses, and commercial real estate, with a particular emphasis on projects that benefit low-income and underserved communities.

Clearinghouse CDFI is committed to making a positive social and environmental impact, as evidenced by their B Corp certification. They believe in using business as a force for good, and they actively measure and track the impact of their loans. Their work has resulted in significant accomplishments, including the creation of thousands of jobs, the development of affordable housing units, and the support of community facilities and small businesses across the country.

Benefits

The company's website does not provide information about employee benefits.

Mission

Clearinghouse CDFI is a mission-driven community lender and Certified B Corporation that aims to provide economic opportunities and improve the quality of life for lower-income individuals and communities. They do this through innovative and affordable financing that is unavailable in the conventional market, focusing on projects that create jobs and services to help people work, live, dream, grow, and thrive in healthy communities. Clearinghouse CDFI has a strong track record of supporting businesses and community projects, and their impact department meticulously tracks the outcomes of their loans to ensure a positive and lasting impact.

Data-driven
Improving quality of life/health
Social impact led

Culture

Clearinghouse CDFI promotes a culture that values community impact and social responsibility. They are committed to supporting underserved communities and fostering economic growth through innovative and affordable financing. The company is proud to be a Certified B Corp, demonstrating its dedication to using business as a force for good. Their work environment emphasizes collaboration, impact-driven decision making, and a shared commitment to creating a more equitable and sustainable world.

People-first
Progressive

DE&I

Clearinghouse CDFI prioritizes diversity, equity, and inclusion in all aspects of their operations. They actively seek to serve underserved communities, particularly low-income individuals and minorities, and provide equitable access to financial resources. This commitment is reflected in their loan programs, which target projects that create jobs and improve the quality of life in disadvantaged communities. Their B Corp certification further underscores their dedication to social and environmental responsibility, promoting a more inclusive and sustainable business model.

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