Founded over 25 years ago, Clearinghouse CDFI (CCDFI) addresses unmet credit needs throughout the U.S. with a focus on California, Nevada, Arizona, New Mexico, Texas and Indian Country. The organization provides direct loans, equity investments, and financial assistance for community facilities, affordable housing, small businesses, commercial real estate and tribal lending.
Impact story – Pueblo of Laguna
The Pueblo of Laguna (Laguna) is a federally recognized tribe 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.
The new infrastructure will greatly improve health and safety conditions throughout all six Laguna villages, which have been greatly impacted by the COVID-19 pandemic. This project will also create 40 construction jobs paying above living wage and three permanent, full-time jobs paying above living wage with full health and pension benefits.
Impact story – Pinoleville Pomo Nation
The Pinoleville Pomo Nation consists of 280 Native members in Ukiah, California. The rancheria has been in existence for over 100 years. In a unique partnership,
The purchase of the land allows the Pinoleville Pomo Nation to further tribal enterprises for economic development.
The Praxis commitment
Praxis Mutual Funds supports organizations such as Clearinghouse CDFI through investments in Calvert Impact Capital, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.
Learn more about the Praxis family of funds.