News

  • December 16th, 2016

    CCLF Informational Video, Missing Pieces

  • The Hatchery Opens With Ribbon-cutting Ceremony
    January 14th, 2019

    The Hatchery Opens With Ribbon-cutting Ceremony

    A new start-up food business incubator opened December 6, 2018, bringing energy and enthusiasm to Chicago’s East Garfield Park neighborhood: The Hatchery Chicago. Well-attended by culinary enthusiasts, community groups, U.S. Congressman Danny Davis, Chicago Mayor Rahm Emanuel, World Business Chicago CEO Andrea Zopp, 27th Ward Alderman Walter Burnett, 28th Ward Alderman Jason Ervin, and celebrity… Read more »

  • Benefit Chicago Commits to Repurpose Initiative
    January 14th, 2019

    Benefit Chicago Commits to Repurpose Initiative

    On December 11, 2018, Benefit Chicago, a social investment fund sponsored by The Chicago Community Trust, Calvert Impact Capital, and the John D. and Catherine T. MacArthur Foundation, announced that it would provide $5 million in financing to CCLF’s Repurpose Initiative. The Repurpose Initiative focuses on revitalizing shuttered Chicago Public School buildings on the city’s… Read more »

  • LUCHA’s Tierra Linda Housing Project Wins Social Justice Award
    January 14th, 2019

    LUCHA’s Tierra Linda Housing Project Wins Social Justice Award

    LUCHA received the 2018 Opportunity Finance Network’s (OFN) Social Justice Award during its annual conference held at the Marriott Marquis, October 8-11, 2018, in Chicago. Each year, OFN awards the OFN Conference Justice Grant to a nonprofit organization whose mission is consistent with OFN’s core purpose of aligning capital with social, economic, and political justice…. Read more »

  • U.S. Bank Pullman Community Center Makes Grand Debut
    January 14th, 2019

    U.S. Bank Pullman Community Center Makes Grand Debut

    Thanks to the dedication of neighborhood leaders, local developers, and community-focused funders, Chicago’s Pullman Neighborhood has a new destination: U.S. Bank Pullman Community Center. The Center’s lively grand opening took place on November 8, 2018. Constructed on 12 acres of previously long-vacant land, the 135,000-square-foot Pullman Community Center is the largest multi-sport complex in the… Read more »

  • JPMorgan Chase Commits $10 Million to CCLF
    January 14th, 2019

    JPMorgan Chase Commits $10 Million to CCLF

    CCLF’s mission of providing flexible financing that benefits low- to moderate-income neighborhoods received a substantial boost December 12, 2018, when JPMorgan Chase announced a $10 million long-term, low-cost investment to CCLF to support commercial real estate development on Chicago’s South and West sides. The announcement was made by Whitney Smith, Head of Midwest Philanthropy for… Read more »

  • 2018: A Very Successful Year for CCLF
    January 14th, 2019

    2018: A Very Successful Year for CCLF

    CCLF completed another very successful year as the Fund’s operational and social impact milestones continued to grow for the benefit of Chicagoland’s most vulnerable. In all, CCLF closed 32 loans totaling $21.5 million, which leveraged another $52.1 million. By year-end 2018, the number of housing units created or retained reached 267, commercial real estate and… Read more »

  • December 28th, 2018

    Timeline Theatre buys a new home in Uptown

    On the day after the Chicago Plan Commission approved renovation plans for the Uptown Theater, the non-profit TimeLine Theatre Company was to announce Friday it has purchased for itself a new home at the Northern end of the rapidly emerging Uptown entertainment district.  Chris Jones of The Chicago Tribune featured the complete story. 

  • December 28th, 2018

    JPMorgan Chase lends $10 million to nonprofit for development on South, West sides

    JPMorgan Chase has provided the capital to help small business thrive on the city’s South and West sides. WGN-TV News’ Gaynor Hall covered the story here.

  • December 18th, 2018

    JPMorgan Chase Commits $10 Million To Support Commercial Real Estate On Chicago’s South and West Sides

    On Wednesday, December 12, 2018, JPMorgan Chase announced a commitment of $10 million in long-term, low-cost capital to support commercial real estate development on Chicago’s South and West sides.  “I want to thank you for recognizing it takes big, bold steps to address joblessness, poverty and lack of retail available on Chicago’s West and South… Read more »

  • December 18th, 2018

    A working-class kid from East St. Louis teams with U.S. Bank to transform lives

    The complete story appeared in the December 17, 2018, edition of The Chicago Tribune. Click here to read the full story. Few Chicago residents personify the power of what’s possible more than Calvin Holmes. As president of the nonprofit Chicago Community Loan Fund (CCLF) since 1998, Holmes has partnered with U.S. Bank, City Hall and… Read more »

  • December 18th, 2018

    New loan program to repurpose shuttered CPS buildings

    The complete story appeared in the December 11, 2018, edition of Crain’s Chicago Business. Click here to read the complete article by Alby Gallum. CCLF, a certified Community Development Financial Institution, will use its $5 million Benefit Chicago loan to launch the Repurpose Initiative which is an effort to breathe new life into five empty… Read more »

  • November 14th, 2018

    Grand Celebration Held for U.S. Bank Pullman Community Center Opening

    Residents, neighbors, and celebrants gathered in Chicago’s historic Pullman Neighborhood Thursday, November 8, 2018, for the grand opening of the new, $20 million U.S. Bank Pullman Community Center. U.S. Senator Dick Durbin, Chicago Mayor Rahm Emanuel , 9th Ward Alderman Anthony Beale, 8th Ward Alderman Michelle Harris, representatives from the Chicago Cubs, the Roseland Youth… Read more »

  • October 12th, 2018

    LUCHA Celebrates Tierra Linda Opening with Ribbon-Cutting Ceremony

    A spectacular September afternoon served as the perfect backdrop for a ribbon-cutting ceremony and community celebration as the Latin United Community Housing Association (LUCHA) unveiled the first Passive House affordable housing unit in its Tierra Linda project. Calvin L. Holmes, President, explained CCLF’s support for the project during the ribbon cutting September 27, 2018. LUCHA’s… Read more »

  • October 12th, 2018

    The Quarry: Respecting the past, impacting the future

    A renaissance of art, culture, and community is taking place in Chicago’s South Shore neighborhood. This reawakening is housed in The Quarry, a CCLF-funded event and entertainment venue honoring the best of the South Shore community’s influential past while inspiring the area’s future. This project is part of CCLF’s Activate Retail initiative. Yvette Moyo, Chief… Read more »

  • New Investments Help Grow CCLF Assets to $88 Million in the Third Quarter
    October 12th, 2018

    New Investments Help Grow CCLF Assets to $88 Million in the Third Quarter

      Wintrust Financial Corporation increased its $5 million investment by $1 million this quarter to help CCLF reach its goal of securing capital for the Chicago Neighborhood Retail Training Pilot Program (Rebuild). Rebuild is a new collaborative with the City of Chicago, Community Investment Corporation, the Cook County Land Bank Authority, CARA, and the Safer… Read more »