Clearinghouse Community Development Financial Institution (CDFI) announced today that it has successfully deployed $100 million in financing to low- to moderate-income communities through the United States Treasury Department’s CDFI Bond Guarantee Program (BGP) program. Clearinghouse CDFI is the first bond recipient to reach the $100 million milestone. Opportunity Finance Network (OFN) served as the Qualified Issuer of the bond, which was closed in August of 2014.

The U.S. Treasury BGP funds have been used to originate long-term, fixed-rate loans for affordable housing, educational facilities, and other community development related commercial real estate projects throughout California, Nevada, and Arizona. In 2014, Clearinghouse CDFI and OFN closed the first ever bond under the U.S. Treasury’s CDFI BGP in the amount of $100 million...

Read the full announcement here.

 

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