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    $471,000 in Refinancing Supports Youth and Family Social Services for Low-Income Community

  • detail image of project

    $471,000 in Refinancing Supports Youth and Family Social Services for Low-Income Community

  • detail image of project

    $471,000 in Refinancing Supports Youth and Family Social Services for Low-Income Community

  • detail image of project

    $471,000 in Refinancing Supports Youth and Family Social Services for Low-Income Community

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Youth Development, Inc. – Albuquerque, NM

Youth Development, Inc. (YDI) is a non-profit organization providing youth and family services to low-income individuals in Albuquerque, New Mexico. These services include early childhood education and child care, alternative education, job training and placement, mental and behavioral health services, homeless assistance, mentoring, family development, and family counseling services. YDI works to fight against poverty and the effects poverty has on the community.

Clearinghouse CDFI provided a $471,000 long-term loan to Youth Development Inc. for refinancing of an existing loan to a lower interest rate.

Clearinghouse CDFI’s refinancing will support the organization’s headquarters where administrative operations take place. These operations provide ongoing support for each of the social services YDI provides to underserved individuals in and around Albuquerque.

Download the PDF: Just Funded – Youth Development Inc

The Partnership between YDI and Clearinghouse has allowed YDI to restructure its debt on a long term basis and to save two valuable assets for our organization. At a time when we struggled to find financing, Clearinghouse came to the rescue helping us to stabilize our organization.
- Diego Gallegos, CEO, Youth Development, Inc.
Financing Provided:
$471,000 Refinance Loan
Location:
Albuquerque, NM
Impact:
- Provides Ongoing Support for Social Services
- Allows YDI to Continue Fighting Against Poverty in Community
Purpose:
Long-term, Fixed-rate Refinancing
Year Funded:
2021
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