Our direct lender affiliate, the Clearinghouse CDFI, provided a loan to Heritage Housing Partners to construct 44 affordable homes for sale in Pasadena. The homes are complete. The Affordable Housing Clearinghouse is working with the homebuyers to assist them in qualifying for the loans through the Clearinghouse CDFI. The homebuyers will receive CalHFA loans and downpayment assistance.
Olive Court, Long Beach
Olive Court is a mixed-income condominium project in the City of Long Beach. Our direct lender partner, the Clearinghouse CDFI, is currently selling the homes. The sales prices are under $375,000, and a subsidy of up to $186,000 is available from the City of Long Beach. The Affordable Housing Clearinghouse is assisting the homebuyers with purchase financing.
Affordable Homes, Riverside
Mary Erickson Community Housing built six detached homes in the City of Riverside for sale to low- and moderate-income first-time homebuyers. The Affordable Housing Clearinghouse partnered with Mary Erickson Community Housing to market the units, receive applications, assist in the eligibility review and selection process, provide homeownership education, and assist the buyers with obtaining a home loan.
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Affordable Housing Clearinghouse is a non-profit organization that provides financing for affordable housing and homeownership.
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