Calvin Holmes has served as the President of the Chicago Community Loan Fund (CCLF) since 1998. Under his leadership, CCLF’s lending has or will leveraged nearly $1.1 billion in additional public- and private-sector capital in over 60 lower wealth Chicagoland communities, in turn supporting over 7,500 units of affordable housing, more than 3.1 million square feet of community facility and commercial/retail space as well as 2,750 jobs. In addition, CCLF has solidified its position as a leading early-stage lender for community developers, a primary lender for affordable housing cooperatives and social enterprises and a principal promoter of sustainable development in metropolitan Chicago. CCLF controls over $64.7 million in total assets, making it one of the 10 largest nonprofit Community Development Financial Institutions (CDFIs) in Illinois, and was one of only eight organizations worldwide honored with the 2009 MacArthur Award for Creative and Effective Institutions.
Holmes’ community development career spans 26 years, including work as a budget planner for a $140 million rapid-transit project and as property manager of a 200-unit assisted housing portfolio. He currently serves as Chair of the Community Development Advisory Board (appointed by President Obama) and on the Bank of America National Community Advisory Council, Kroger Community Development Entity, LLC, and the Great Lakes Region Sustainability Funds LLC. He serves on the boards of the Cook County Land Bank Authority (treasurer), Chicago Community Land Trust (treasurer), Community Reinvestment Fund & NMTC CDE, Housing Partnership Network, South Suburban Land Bank and Development Authority and as secretary on the board of Interfaith Housing Development Corporation of Chicago. He also serves on the awards selection committee of the Chicago Neighborhood Development Awards. He is a recognized expert in community development finance, the Community Reinvestment Act and community issues involving housing and access to capital, and regularly presents at conferences and events on these topics.
Holmes has been honored individually with many community leadership awards, including from the Chicago CRA Coalition and Bank of America. In 2001, Holmes was distinguished as one of Crain’s Chicago’s 40 Under 40 young leaders, and was a 2002-2003 Leadership Greater Chicago fellow. He holds a master’s degree in urban and regional planning, with a concentration in real estate development, from Cornell University and a bachelor’s degree in African American Studies from Northwestern University. Holmes received further leadership and skills development from Stanford University and the National Development Council.