Lake Forest, CA (October 24)—Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a new equity investment from the Shakopee Mdewakanton Sioux Community (SMSC), a federally recognized sovereign nation located in Scott County, Minnesota. With this investment, the SMSC becomes Clearinghouse CDFI’s first Native American investor.
Clearinghouse CDFI will use this investment to benefit low-income and distressed communities in Sovereign Nations and throughout the Western United States. The investment will help Clearinghouse CDFI continue financing community facilities, affordable housing, commercial real estate, and other projects that create jobs and services in underserved areas. Specifically, these funds will be targeted at various programs and businesses serving Native American Communities and Native American tribes.
Read the full press release here.