Lending

CCLF financing often makes the crucial difference between a compelling development project moving forward or not. CCLF is often the first to commit money to a project, paving the way for other lenders and funders to feel comfortable participating.

CCLF offers 6 types of loans:

• Predevelopment Loan    
• Construction Loan
• Minipermanent Mortgage Loan   
• Housing Cooperative Loan
• Equipment / Working Capital Loan
• "For-Profit" Predevelopment or Construction Loan

Focus corridors

Through experience, CCLF has learned that certain neighborhoods need a more intense concentration of effort and resources to see a measurable change over time. CCLF has identified three such Chicago neighborhoods and designated them as "focus communities": North Lawndale, Englewood and Woodlawn. CCLF has also identified two suburban focus corridors in low-wealth north lakefront communities and the suburbs of southern Cook County.