Clearinghouse CDFI currently has opportunity zone/community development projects in San Antonio, TX; Phoenix, AZ; Long Beach, CA; Columbia, SC; and Los Angeles, CA.
San Antonio, TX
CCDFI is renovating the 10,600 sq. ft. Henry Terrell building—a historic structure located two blocks north of the historic Alamo in an area undergoing revitalization by the City of San Antonio.
CCDFI will preserve the property’s historical feel and significance while revitalizing it into two levels of office space over ground floor retail space.
Phoenix, AZ
CCDFI acquired a vacant commercial building in downtown Phoenix where exponential development growth and many new high rises are projected over the next five years.
CCDFI envisions revitalizing this 38,000 sq. ft. building—which once housed the historic Phoenix Merchandise Mart—into a mixed-use facility offering retail space and workforce housing options.
Long Beach, CA
CCDFI is acquiring two parcels in downtown Long Beach to develop two multi-family apartment buildings—one affordable and one market-rate.
The affordable development will be led by two local, minority-controlled nonprofits.
CCDFI will develop the market-rate property consisting of 81 units to support the existing need for housing options in the downtown area.
Colombia, SC
CCDFI recently acquired this 2.7-acre site consisting of a 32,000 sq. ft. shopping center divided into six commercial spaces.
City and state officials welcome CCDFI’s partnership and its plans to develop the space to serve the local community, including Benedict College, Allen College, local hospitals, and several single-family neighborhoods.
Los Angeles, CA
CCDFI’s Opportunity Zone development was the first to break ground and be completed in the Koreatown neighborhood of Los Angeles. NABI is a six-story multi-family apartment complex with 31 market rate units over parking on a previously vacant lot. The property—which is walking distance to transportation, employment, and entertainment—adds much-needed housing options to a diverse and charming community characterized by its pleasant blend of history and new development.
Long Beach, CA
CCDFI is acquiring two parcels in downtown Long Beach to develop two multi-family apartment buildings—one affordable and one market-rate.
The affordable development will be led by two local, minority-controlled nonprofits.
CCDFI will develop the market-rate property consisting of 81 units to support the existing need for housing options in the downtown area.
Colombia, SC
CCDFI recently acquired this 2.7-acre site consisting of a 32,000 sq. ft. shopping center divided into six commercial spaces.
City and state officials welcome CCDFI’s partnership and its plans to develop the space to serve the local community, including Benedict College, Allen College, local hospitals, and several single-family neighborhoods.
FVLCRUM Funds LP (FVLCRUM) is an off-balance sheet private equity vehicle of Clearinghouse CDFI, established to create generational wealth in minority communities by creating sustainable paths to wealth. To achieve this, FVLCRUM invests a combination of equity and debt into lower middle-market minority-owned businesses.
FVLCRUM completed its first close in December 2021 at over $104 million (out of a $250 million target for final closing). This consisted of a diverse group of investors with over 74% institutional. The investors include a $40 million commitment from an anchor institutional investor, national and regional banks, foundations, large consultants, and family offices. The GP committed an additional $6 million.
FVLCRUM is now advancing its mission to provide strong investment returns while simultaneously addressing the U.S. racial wealth gap. The FVLCRUM team is currently evaluating a strong proprietary pipeline of potential deals valued at over $400 million.
