March 2011

Clearinghouse CDFI Receives $35 Million New Markets Tax Credit (NMTC) Allocation
         
 Lake Forest, CA, March, 2011 — We are pleased to announce that Clearinghouse CDFI has received a $35 million New Markets Tax Credit (NMTC) award from the U.S. Department of Treasury CDFI Fund for the 2010 allocation round.

Clearinghouse CDFI will continue to provide NMTC financing to targeted low-income distressed communities throughout the State of California. To date, Clearinghouse CDFI has deployed $325.7 million through six prior NMTC awards in a variety of projects focused on job creation and community neighborhood revitalization. Furthermore, we have committed 10% of our new award to Non-metropolitan (rural) areas in California.

This new allocation will help Clearinghouse CDFI fulfill its mission of providing economic opportunities and improve the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market.

Clearinghouse Community Development Financial Institution (CDFI) provides economic opportunities and improves the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market. Clearinghouse CDFI does not have predefined loan programs. Rather, each potential loan is analyzed individually to identify creditworthy borrowers with projects that create community assets, but who may have been rejected or overlooked by traditional lenders. Every loan made by Clearinghouse CDFI benefits the community in a measurable way. Historically, Clearinghouse CDFI loans have served over 216,130 clients annually, created/ retained over 4,500 permanent and construction jobs, and funded over $761 million in community development loans. More information is available at: www.clearinghousecdfi.com.

Clearinghouse CDFI provides economic opportunities and improves the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market.

Contact: Jay Harrison
Clearinghouse CDFI
JayH@clearinghousecdfi.com
(949) 528-3069