Doug Bystry
CEO
Clearinghouse CDFI
This company provides community development loans for projects in low-income and distressed areas, filling the gap between conventional lending and the needs of underserved communities. Their financing supports affordable housing, community facilities, small businesses, and commercial real estate projects.
- Enterprise Software
- Financial Technology
Updated 19 months ago
Funding
Raised to date
$2MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Many community projects in low-income areas struggle to secure funding through traditional lending channels due to perceived higher risk or lack of conventional collateral. This funding gap hinders the development of essential community facilities, affordable housing, and small businesses, perpetuating economic disparities.
Solution
Clearinghouse Community Development Financial Institution (CDFI) provides direct lending, equity investments, and financial assistance to address unmet credit needs in underserved communities throughout the U.S. and in Indian Country. As a certified B Corporation, the CDFI focuses on projects that create stronger, safer, and better communities by financing affordable housing, community facilities such as schools and healthcare centers, small businesses, and commercial real estate. By offering flexible loan products and tailored financial solutions, the CDFI bridges the gap between conventional lending and the unique requirements of community development initiatives. The organization also utilizes New Markets Tax Credits to further incentivize investment in low-income areas.
Target Audience
The primary target audience includes developers of affordable housing, operators of community facilities (e.g., schools, healthcare centers), small business owners, and commercial real estate investors working in low-income and underserved communities.
Features
- Direct loans for community facilities, affordable housing, small businesses, and commercial real estate projects.
- Equity investments in projects that promote community development.
- Financial assistance and advisory services to support borrowers.
- Expertise in New Markets Tax Credits (NMTC) to attract investment in low-income communities.
- Flexible loan terms and underwriting criteria to meet the specific needs of borrowers.
- Benefit Corporation (B Corp) certification, demonstrating commitment to social and environmental impact.