LAKE FOREST, CA—Clearinghouse Community Development Financial Institution has created a new company which will purchase and invest in real estate to revitalize and improve communities in California, Nevada, and Arizona.
Investment and rehabilitation plans include: multi-family rental housing, infill and commercial development, investments and partnership in commercial real estate projects, and build to suit for nonprofit organizations.
"This venture will have a double bottom line: maximizing public benefit and future returns,” said Clearinghouse CDFI President and CEO Douglas Bystry. "These investments will help stabilize the communities we serve while diversifying our revenue streams and increasing returns on capital available for investment.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
