Columbia Housing votes to sell Celia Saxon shopping center
COLUMBIA, SC (WIS) – The Columbia Housing Board of Commissioners voted to sell the Celia Saxon Mall to the Clearinghouse Community Development Financial Institution.
The board approved a purchase contract for $ 2.5 million.
“We are delighted to involve CDFI Clearinghouse in our efforts to create a plan that is sustainable for the Celia Saxon Mall and that the community will be proud of,” said a representative. “CCDFI has a deep understanding of the socio-economic issues facing low-income communities and other target populations, including African Americans, Hispanics / Latinx and Native Americans. It has funded $ 1.5 billion in total loans for more than 1,820 community projects over the past 20 years. These projects have created or retained more than 16,500 jobs and benefit more than 1.5 million people. By working hand in hand, the impact of what they create in our community will be transformative. “
Columbia Housing opened the Celia Saxon Mall in 2008 to meet the needs of area residents. In 2019, city leaders decided to put the center up for sale.
CCDFI was established in 1996 to serve low-income and disadvantaged communities in Southern California and has expanded its services to meet unmet credit needs across the United States.
CCDFI already has a relationship with the Women’s Business Center at Benedict College. The organization is committed to providing economic opportunities and improving the quality of life of low-income individuals and communities through innovative and affordable financing that is not available in the conventional market.
To date, CCDFI has not released much information on the future development of the site.
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