Washington, DC – U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf of Clearinghouse Community Development Financial Institution (Clearinghouse) which is headquartered in Lake Forest, California.

To date, over $1.51 billion has been guaranteed since the inception of the program, which provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities.

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