Clearinghouse CDFI Secures $35 Million to Fuel National Expansion Efforts

Clearinghouse CDFI Secures $35 Million for Strategic Growth

Clearinghouse Community Development Financial Institution (CDFI), headquartered in Lake Forest, California, has announced the successful completion of a strategic equity recapitalization initiative. The organization successfully raised $35 million in new equity, which is expected to significantly boost its national growth efforts and reinforce its commitment to community development.

The recapitalization, which launched in 2024, showcases strong investor confidence in Clearinghouse CDFI's mission and operational model. The funds raised will be instrumental in increasing the organization’s corporate assets to exceed $1 billion as it focuses on expanding its reach.

A remarkable 22 existing investors participated in this funding round, many of whom have longstanding relationships with Clearinghouse CDFI, supporting it through various initiatives in the past. Notable contributors include reputable institutions such as PNC Bank, Enterprise Bank & Trust, Huntington Bank, and City National Bank, among others. Their investment underscores a collective commitment to addressing economic disparities and fostering community resilience across the country.

Douglas J. Bystry, founder and CEO of Clearinghouse CDFI, highlighted the significance of this fundraising effort, stating, "Completing this $35 million equity raise as a for-profit CDFI is a significant achievement. This new capital allows us to further our mission of providing market-responsive financing that promotes job creation and enhances the economic stability of underserved communities. We value the trust of our investors who believe in our mission."

The funds raised will play a pivotal role in expanding Clearinghouse CDFI's financial capabilities, particularly in critical areas such as affordable housing, small business development, and community infrastructure projects. As a leader in the industry, Clearinghouse CDFI aims to mitigate persistent barriers to economic opportunity while promoting social equity.

PNC Bank's Executive Vice President and Director of Community Development Banking, Reymundo Ocañas, remarked, "Our investment in Clearinghouse CDFI reflects PNC's commitment to scalable, high-impact financial solutions that benefit communities. Collaborations like these promote job creation and long-term prosperity."

Since its inception in 1996, Clearinghouse CDFI has demonstrated a robust track record in community financing. The organization has issued over $2.7 billion in loans for approximately 2,733 projects, creating or retaining more than 43,856 jobs, and facilitating the development of 13,548 affordable housing units. In 2024 alone, a significant portion—41%—of its financing was directed towards projects in low-income areas, ensuring tangible benefits for over 95,000 individuals in historically underserved communities.

The completion of this recapitalization reinforces Clearinghouse CDFI's position as a leader in the sector, continuing a legacy of ethical investment and community empowerment. With strong growth, a dedicated investor network, and a commitment to its mission, Clearinghouse CDFI is poised to tackle the ongoing challenges in community finance and foster a more resilient economic landscape nationwide.

Future Outlook

As Clearinghouse CDFI embarks on this new chapter, its focus remains steadfast on promoting economic empowerment through responsible investment and community-oriented financial solutions. The organization’s ambition to expand its investor base, while deepening its commitment to social and environmental performance, positions it strategically for the challenges and opportunities that lie ahead.

With its clear focus on transparency, accountability, and impactful results, Clearinghouse CDFI continues to set a high standard in community development finance. Its innovative approaches and dedication to serving underrepresented communities illustrate the critical role that financial institutions can play in fostering inclusive economic growth.

For more information about Clearinghouse CDFI and its initiatives, please visit www.ccdfi.com.