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Fund Name Clearinghouse CDFI Opportunity Fund
Fund Manager or Organizer(s) Clearinghouse CDFI
Fund Size $25,000,000
Fund-Related Website oppzoneusa.com
Investment Focus
Affordable Housing, Commercial Real Estate, Community Revitalization, Economic Development, Hospitality Development, Mixed-use Development, Multifamily Residential, Workforce Housing
Geographic Focus
Regional Or Local, Arizona, California, Nevada, New Mexico, Texas
Details if Regional/Local/Other: Western U.S. States and Native Lands
Additional Fund Details

CCDFI Opportunity Fund:

Expanding on its 22-year history of successfully funding projects that improve our communities through its direct lending and NMTC programs, Clearinghouse CDFI is introducing a new vehicle for community development financing — the Clearinghouse CDFI Opportunity Fund.

The Fund has identified viable and impactful projects throughout the U.S., the first of which, Mariposa Apartments, is presented here.

Fund Details

Purpose: Flexible capital for acquisitions and improvement of Real Estate property located in Qualified Opportunity Zones
Investment types: Substantial rehabilitation/re-purpose and ground-up construction

Structure: Direct ownership/project sponsor and Preferred equity
Transaction size: $500,000 and up

Property types: Residential (including multifamily, SROs, rental SFR, homes, co-living, mobile home parks), Mixed-Use, Senior Living and Healthcare, Retail, Industrial, owner-occupied and community centric properties (charter schools, job-training centers, etc).

Target markets: California, Nevada, Arizona, New Mexico, and Tribal Lands (may consider projects outside of the target market depending on project impact and risk)

Preferred Equity Leverage: 90% of capital stack — investments can be combined with Clearinghouse CDFI’s core lending program (www.clearinghousecdfi.com/borrowing)
Required equity return: Typically, 8–12+% depending on property type, project risk profile, and impact. Clearinghouse CDFI’s Fund requires its projects provide measurable, positive community impact.

CCDFI Fund Management: Project management includes pre-development, construction, and stabilization. Asset management includes ongoing oversight of project performance, condition, and market analysis. Compliance – CCDFI Opportunity Fund will provide accounting and compliance services

Hold period: 10+ years
Note: Project must comply with Opportunity Zone Program regulations (section 1400Z-2 of the Code)

Organization Details

Clearinghouse CDFI is a full-service, community development capital provider, financing projects that create jobs and services to help people work, live, dream, grow, and thrive in healthy communities. The company was established in Orange County, California, in 1996 to serve low-income and disadvantaged communities in Southern California. Since that time, Clearinghouse CCDFI has expanded its service area to include Nevada, Arizona, New Mexico, and Sovereign Nations in the Western United States.

CCDFI currently has on-balance sheet assets totaling over $500MM and has deployed over $538MM in New Markets Tax Credits allocation since its inception. CCDFI has the expertise to identify, develop, and manage real estate assets and provide compliance and accounting services to its Funds. Company highlights include:
• S&P Institutional quality investment grade
• Certified B-Corporation
• A for-profit CDFI that creates impact while also producing 19 consecutive years of profitability
• Investors include large, multinational banks, foundations, and investment firms
• Unparalleled understanding of community development finance
• CCDFI will co-invest in the fund up to 5% of the total equity requirement.
• More information, along with financial reports and impact statements can be found online at www.clearinghousecdfi.com

Fund Contact
Name Chris McMartin
Job Title CCDFI Opportunity Zone Manager
Phone (949) 525-4976
Email chrism@ccdfi.com

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