Celia Saxon Shopping Center
Columbia Housing Enters $2.5 Million Contract to Sell Celia Saxon Shopping Center
Columbia, SC-----The Columbia Housing Board of Commissioners has voted to enter a contract with Clearinghouse Community Development Financial Institution (CCDFI) to buy the Celia Saxon Shopping Center on Harden Street in Columbia, SC. The Board approved a $2.5 million purchase agreement for the sale
"We are ecstatic to engage Clearinghouse CDFI in our efforts to create a sustainable plan for the Celia Saxon Shopping Center and one that the community will be proud of," says Mathews. "CCDFI has a deep understanding of the socio-economic issues faced by low-income communities and other targeted populations, including African American, Hispanic/Latinx, and Native American. It has funded $1.5 billion in total loans for over 1,820 community projects over the past 20 years. These projects have created or retained more than 16,500 jobs and benefit over 1.5 million individuals. Working hand-in-hand, the impact of what they will create in our community will be transformative," concludes Mathews.
Columbia Housing opened the shopping center in 2008 to serve the needs of the residents in the area, but the center never quite found its footing-and failed to turn a profit. In 2019 Columbia Housing decided to put the center up for sale.
Established in 1996 to serve low-income and disadvantaged communities in Southern California, CCDFI has expanded its service area to address unmet credit needs throughout the United States. CCDFI has an existing relationship with the Women's Business Center at Benedict College and is committed to Columbia and South Carolina where it will continue its mission to provide economic opportunities and improve the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market. CCDFI motto is that it always leaves a community in a much better place than they found it.
CCDFI has not released much information about its future development of the site-only that it will likely be retail.
Additional information about Clearinghouse CDFI is listed below and can be viewed on its website at https://www.clearinghousecdfi.com/.
Clearinghouse CDFI
About Us
MISSION: Clearinghouse CDFI (CCDFI) provides economic opportunities and improves the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market.
OUR HISTORY: CCDFI was established in 1996 to serve low-income and disadvantaged communities in Southern California. Since that time, CCDFI has expanded its service area to address unmet credit needs throughout the United States and in Indian Country.
LOAN TYPES / OUR PRODUCT:
CCDFI offers both short and long-term permanent, fixed-rate mortgages from 3-years to 30-years fully amortizing.
CCDFI Finances Direct Loans For:
- Affordable Housing
- Community Facilities
- Small Businesses
- Commercial Real Estate
- Tribal Lending
Loan Types Include:
- Construction
- Acquisition
- Renovation
- Expansion
- Refinance
1.98 Billion in cumulative lending since inception.
23,000 Jobs created or retained since inception.
9,600 Units of affordable housing created since inception.
2,250 Projects funded since inception.
2.8 Million total clients served since inception.
$593.6 Million of New Markets Tax Credits (NMTC) allocation deployed since inception.
Clearinghouse CDFI is proud to be a Certified B Corp. B Corps are socially and environmentally sustainable companies that have been certified by the nonprofit B Lab as meeting high levels of performance, accountability, and transparency. Our commitment to "B the Change" is natural as a mission based CDFI. As a B Corp, we aim to transcend traditional notions of business success: maximizing profits and maximizing returns to people and the planet.
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