News

  • December 16th, 2016

    CCLF Informational Video, Missing Pieces

  • March 16th, 2021

    RFQ for the Chicago Neighborhood Rebuild Pilot Program

    Chicago Community Loan Fund in partnership with the City of Chicago released a Developer Request for Qualifications (RFQ) for the Chicago Neighborhood Rebuild Program (CNRP). Through this request, CCLF seeks Developers (including not-for-profit and/or faith-based organizations) with strong experience in rehabilitation and sale of single family and 2-flat properties, and a familiarity with overall South… Read more »

  • February 15th, 2021

    2020 In Review: CCLF Continues Growth Even During a Pandemic

    During a year of health challenges and civil unrest, CCLF ended 2020 as an organization better positioned to ensure capital continued to flow in low-income areas throughout Chicagoland. CCLF ended 2020 with nearly $97 million in loans outstanding to 179 customers working to create communities where people thrive. CCLF completed 48 loans totaling $24.2 million… Read more »

  • February 15th, 2021

    CCLF Supports Businesses During Pandemic

    As the COVID-19 pandemic ravaged Chicago-area small businesses and nonprofits, CCLF delved into its resolve to support impacted businesses and communities. CCLF became a partner in several public emergency funding initiatives. Together Now: Chicago’s Fund to Rebuild Our Neighborhoods, a collaboration with the Chicago Community Trust and the city of Chicago, raised monies from the… Read more »

  • February 15th, 2021

    Bubbly Dynamic’s The Plant: Social Enterprise

    Chicago’s Back of the Yards neighborhood is a historic community known as the home of the Union Stockyards. Located on the southwest side of Chicago, this is the neighborhood that author Upton Sinclair wrote about in the 1906 novel, “The Jungle.” After the stockyards closed in the 1970s, Back of the Yards became a community… Read more »

  • February 15th, 2021

    CCLF Empowered by Largest Donation In Its History

    In December 2020, Philanthropist MacKenzie Scott released a blog post entitled “384 Ways to Help” announcing $4.1 billion in donations to 384 nonprofits across the United States, Puerto Rico and Washington, D.C. CCLF was among the 24 CDFIs included in the donations. Scott and her team undertook a rigorous, data-driven due diligence process to select… Read more »

  • February 15th, 2021

    CCLF Receives Citi Foundation Award

    CCLF has been selected to receive an award of $500,000 in unrestricted funds as part of Citi Foundation’s $15 million fund supporting the work of Community Development Financial Institutions. CCLF was among 30 CDFIs awarded nationwide, all selected based on their strong track record of serving small businesses owned by people of color and underserved… Read more »

  • February 15th, 2021

    CCLF Receives FHLB Chicago Targeted Impact Fund Grant

    CCLF received a $15,000 Federal Home Loan Bank of Chicago (FHLB Chicago) Targeted Impact Fund grant in October 2020 to support those most impacted by the COVID-19 crisis as well as organizations that promote equity and opportunity for communities of color. Announced in August 2020, the $14 million Targeted Impact Fund grant program provided up… Read more »

  • December 16th, 2020

    CCLF Named In MacKenzie Scott Donations

    On December 15, 2020, MacKenzie Scott announced $4.1 billion in donations to 384 organizations across all 50 states, Puerto Rico, and Washington D.C. Chicago Community Loan Fund is honored to be named among the not-for-profits selected for a grant to help people suffering the economic effects of COVID-19, racial inequity, high poverty rates, and limited… Read more »

  • December 16th, 2020

    CCLF’s Wendell Harris Appears on FOX-32

    Wendell Harris, Vice President of Lending Operations at Chicago Community Loan Fund appeared on FOX-32 Chicago December 14, 2020. Harris joined anchors Anita Padilla and Scott Schneider at the 7:30 hour of FOX’s Good Day Chicago morning program. In the segment, Harris explained CCLF’s efforts to support low-income residents struggling to stay afloat during the… Read more »

  • October 27th, 2020

    Funders and Investors Support CCLF’s Mission During Crises

    As the COVID-19 pandemic pervaded the country in early 2020, comingled with social unrest in the wake of civic injustices, CCLF resolved to persevere and continue providing financing and technical assistance that benefit low- to moderate-income communities throughout metropolitan Chicago. Thanks to the extra efforts of its funders and investors CCLF has been able to… Read more »

  • October 26th, 2020

    Landmarks Illinois Honors Two CCLF Borrowers

    In September, Landmarks Illinois announced nine recipients of the 2020 Landmarks Illinois Richard H. Driehaus Foundation Preservation Awards, which included two CCLF borrowers. The annual awards program honors exceptional historic preservation projects and the people working to save important locations throughout Illinois. Among the winners, the CCLF-funded Aurora Arts Center in Aurora, Illinois, earned the… Read more »

  • October 26th, 2020

    CCLF Supports Community Businesses Through Together Now

    While stay-at-home orders were in place and the city of Chicago’s neighborhoods saw social upheaval following the death of George Floyd, Chicago Mayor Lori Lightfoot announced the launch of Together Now: Chicago’s Fund to Rebuild Our Neighborhoods. In collaboration with The Chicago Community Trust and the city of Chicago, Together Now fund raised money from… Read more »

  • October 26th, 2020

    CCLF’s Annual Stakeholders Meeting Highlights Resiliency In Challenging Times

    Watch the virtual meeting here:CCLF’s 2020 Annual Stakeholders Meeting Embracing the digital culture to share its message, CCLF hosted its 2020 Annual Stakeholders Meeting on Tuesday, September 15, in a virtual platform. The production included live reports and video presentations of projects that represent the diverse breadth of CCLF’s financing in 2019. They included: Growing… Read more »

  • July 28th, 2020

    CCLF President Appears On WGN Weekend Morning News

    On Saturday, July 25, 2020, CCLF’s President Calvin L. Holmes made an appearance on the WGN Weekend Morning News (Channel 9) with anchor Tonya Francisco during the 9:00 a.m. news. In the segment, Holmes presented CCLF and the fund’s initiatives supporting Chicagoland’s communities, particularly during the COVID-19 crisis. Click here to view the entire July… Read more »

  • July 14th, 2020

    Coffee, Cream & Community: Momentum Coffee & Coworking

    Business in Chicago was forging along in the first quarter of 2020. Then the COVID-19 pandemic hit, and Illinois Governor J.B. Pritzker issued a “stay at home” order for the entire state effective March 21, bringing everything to an abrupt new reality. At that time, when attentions turned toward the preservation of public health and… Read more »