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Celebrating a Major Milestone: Clearinghouse CDFI's Third Offering Repayment

In an impressive culmination of resilience and dedication, Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) recently announced the full repayment of its $28 million Third Private Placement Offering. This essential financial milestone marks the conclusion of a significant chapter in its storied history, reflecting two decades of impactful service to underserved communities throughout the United States.

A Look Back at the Third Offering

Launched on December 31, 2004, the Third Offering was crucial for Clearinghouse CDFI, which at that time managed only $45 million in assets. Fast forward to now, and the organization has expanded its asset base to an extraordinary $834.4 million, demonstrating extraordinary growth and resilience over the years. "This moment is not just the end of an offering; it's the closing of an era that has set the stage for who we are today, inspiring us to continue leading with purpose and vision into the future," shared Douglas J. Bystry, President and CEO of Clearinghouse CDFI.

The Third Offering played an instrumental role in creating the foundation upon which Clearinghouse CDFI built its mission of community development finance. It allowed the organization to bridge funding gaps and make significant investments where they were most needed.

The Impact of the Third Offering

The support from key financial institutions including Fremont Bank, which contributed $8 million, and Wells Fargo, among others, enabled Clearinghouse CDFI to fund transformational projects. Over the last twenty years, the organization has:

• - Funded a staggering $2.7 billion in loans for 2,733 community projects.
• - Supported the creation or retention of over 43,856 jobs.
• - Facilitated the development of 13,548 affordable housing units.

These achievements underscore the Third Offering's pivotal role in enabling Clearinghouse CDFI to fulfill its long-standing mission of making impactful contributions to distressed and low-income communities.

Navigating Towards the Future

With the successful repayment of its Third Offering, Clearinghouse CDFI is poised to embark on a new phase of growth. The organization aims to leverage innovative capital-raising strategies, including its recent equity raise of $20 million, which positions it for expanded lending capabilities and increased positive impacts within underserved areas across the country.

About Clearinghouse CDFI

Founded in 1996, Clearinghouse CDFI addresses unmet credit needs through direct lending, equity investments, and financial assistance to communities in need, including those in Indian Country. As a B Corp, Clearinghouse CDFI meets stringent standards of social and environmental performance, transparency, and accountability. For more information on their initiatives and impact, please visit www.ccdfi.com.

The completion of the Third Offering not only highlights the organization's legacy of impact but also its commitment to continuing its vital work in the future. As the organization embraces new challenges, it remains steadfast in its mission to uplift communities and create lasting positive change in the nation.