Highlighted Borrowers

  • Youth Development INC.

  • North Austin Neighborhood housing

  • ACI friendly village

Albuquerque, NM

$471,000 Loan

Youth Development, Inc. (YDI) is a nationally recognized nonprofit organization serving New Mexico since 1971. YDI provides youth and family services for low-income individuals to combat poverty and its effects on the community. Services include:

  • Alternative Education
  • Childcare and Mentoring
  • Job Training and Placement
  • Mental and Behavioral Health Services
  • Homeless Assistance
  • Family Development and Counseling

Clearinghouse CDFI provided two loans for YDI totaling $991,000. These loans provide longer terms, lower fixed rates, and support operation of YDI headquarters. This allows the nonprofit to better serve low-income individuals and families in and around Albuquerque.

“The partnership between YDI and CCDFI allowed YDI to restructure its debt on a long-term basis and to save two valuable assets for our organization. At a time when we struggled to find financing, CCDFI came to the rescue and helped stabilize our organization.”

Diego Gallegos

CEO, Youth Development, Inc.

Austin, TX

$1.6 Million Loan

Clearinghouse CDFI provided $1.6 million in financing for the acquisition and rehabilitation of an apartment complex in Austin, Texas. This complex—North Austin Neighborhood Housing—will be transformed into 33 units of permanent housing for homeless individuals.

The City of Austin and Ending Community Homelessness Coalition (ECHO) are providing support to 31-25 Advisors to make these housing units immediately available. Individuals and families will be sourced from ECHO’s Continuum of Care waiting list—a program which generates a systematic, priority-based response to ending homelessness in the Austin area.

31-25 Advisors, the project sponsor, is a real estate company founded by two friends, Russell Artman and Stephen Levine, as a response to the critical shortage of affordable housing in Austin. Mr. Artman, with a background in real estate and Mr. Levine, with a background in finance, work together to address homelessness through novel approaches to affordable housing creation.

"Clearinghouse CDFI worked with us to create 33 units of housing for people experiencing homelessness. Thanks to their incredible team, we got people in housing for Christmas.”

Russ Artman

Principal, 31-25 Advisors

Long Beach, CA

$11.17 Million Loan

Clearinghouse CDFI provided $11.17 million in financing for ACI to purchase a mobile home park out of bankruptcy and continue park rehabilitation.

ACI Friendly Village (ACI) is a nonprofit public benefit corporation that preserves affordable housing through management of an 18-acre, 184-site mobile home park built over a landfill in the 1970s. ACI was created by Resident Owned Parks, a nonprofit organization that guides residents through the process of park acquisition.

Park acquisition allowed ACI to gain site control, stabilize operations, and ensure affordability for residents. Health and safety systems will also be implemented to address critical park issues.

“Clearinghouse CDFI clearly understood the nonprofit ownership and management of affordable housing communities. They heard our commitment to long-term improvements to this former landfill site, and listened to our plans for how we would achieve our goals to improve the common areas to benefit low-income park residents."

Maurice Priest

President, Affordable Communities, Inc.


New markets tax credits Highlighted borrowers

Pueblo of Laguna

Laguna, NM

$14 Million NMTC Allocation

The Pueblo of Laguna (Laguna) is a federally recognized tribe located in New Mexico 50 miles west of Albuquerque. Residents live in six rural villages across 500,000 acres: Laguna, Mesita, Paguate, Seama, Paraje, and Encinal.

Clearinghouse CDFI provided $14 million of Federal NMTCs for Laguna to develop new wastewater related infrastructure, including sewage, filtration, and piping. Wells Fargo Bank was the project investor and Laguna Economic Advancement was the sponsor. This was the final phase of a $70 million wastewater development originally started in 2011.

The new infrastructure greatly improved health and safety conditions throughout all six Laguna villages, which were seriously impacted by the COVID-19 pandemic. This project also created 43 jobs paying above living wage.

“This NMTC transaction completes the final scope of work including much-needed repairs, upgrades, and improvements. This effort was necessary to ensure the Laguna people would have water and wastewater systems that meet current codes and safety requirements, provide fire flow within all villages, and result in reliable and safe water and wastewater systems.”

John E. Antonio, Sr.

Governor, Pueblo of Laguna

Caritas Center

Santa Rosa, CA

$10 Million NMTC Allocation

$4.2 Million Loan

Caritas is a new community center offering comprehensive homeless support services in a severely distressed area of Santa Rosa, California. Catholic Charities of the Diocese of Santa Rosa (CCDSR), who sponsored the project, is a principal source of services for the poor and homeless in Sonoma County.

Clearinghouse CDFI provided $10 million in NMTC allocation for development of the Caritas Center and a $4.2 million short-term bridge loan to CCDSR for project-related costs. CDE partners included Telecu with $18 million, Enterprise Community Partners with $7.5 million, and Chase New Markets Corporation with $4 million NMTCs. The federal NMTC investor was Chase Bank.

Caritas Center, at 3 stories and 46,500 sq. ft., includes a Federally Qualified Health Center to provide on-site medical and mental healthcare and a medical respite program. It includes job training, children’s services, and expands capacity to serve an additional 2,000 patients annually. Development of Caritas Center created 30 new, full-time jobs and 130 full-time, construction jobs.

“CCDFI was an essential CDE on the Caritas Center, meeting a critical need for shelter and services for homeless individuals. We are grateful for our continued partnership. Thank you for supporting long-term solutions to the Sonoma County homelessness crisis.”

suzanne brown

principal, equity community builders