News

  • December 16th, 2016

    CCLF Informational Video, Missing Pieces

  • 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 »

  • July 14th, 2020

    Pro Bono Assistance: Helpful and Responsive

    Ed Sommer practiced law as a Financial Transaction Attorney with the Chicago-based firm Chapman and Cutler LLP for 36 years. During the course of his career, he worked on many types of negotiated debt transactions with a variety of different types of borrowers, lenders and credit providers, including Chicago Community Loan Fund. Although now retired,… Read more »

  • July 14th, 2020

    Growing Home Receives FHLBC COVID-19 Relief Grant

    The Federal Home Loan Bank of Chicago (FHLBC) offered a COVID-19 Relief Program consisting of zero-rate advances and grants to support all of its member institutions and the communities they serve as it responds to the COVID-19 pandemic. CCLF, as a member of the FHLBC, submitted an application for Growing Home, Inc., a nonprofit organization… Read more »

  • July 14th, 2020

    CCLF Borrowers Win CNDAs

    On May 6 and May 7, Local Initiatives Support Corporation Chicago (LISC) presented the 26th Annual Chicago Neighborhood Development Awards (CNDA) for the first time as a virtual event. Three CCLF borrowers were among this year’s award recipients. Accion and the Industrial Council of Nearwest Chicago earned The Richard H. Driehaus Foundation Award for Outstanding… Read more »

  • June 8th, 2020

    CCLF Administers the Cook County Community Recovery Fund

    Chicago Community Loan Fund (CCLF) has been named administrator of the Cook County Community Recovery Fund, part of the Cook County Bureau of Economic Development’s Community Recovery Initiative. This fund is open to certain small businesses, “gig” workers and independent contractors located in suburban Cook County (outside the boundaries of the City of Chicago). Loans… Read more »

  • May 4th, 2020

    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 Pilot Program. 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 »

  • CCLF Joins In Community Recovery Fund Announcement
    April 8th, 2020

    CCLF Joins In Community Recovery Fund Announcement

    CCLF is working in partnership with local government to urgently get capital to small businesses and contractor workers through the Cook County Community Recovery Fund. Cook County Board President Toni Preckwinkle, CCLF President Calvin L. Holmes, and CCLF Chief Operating Officer/Executive Vice President of Programs Bob Tucker made the announcement Tuesday, April 7, 2020. This… Read more »

  • April 3rd, 2020

    Affordable Housing: One Home at a Time

    RPT Development Group, Inc. and Takeisha Washington are working hard to reshape Chicago’s affordable housing landscape. Washington, President of RPT Development, has a strong relationship with CCLF and has played an integral role in helping to rebuild and restructure Chicago’s neglected neighborhoods. Established in 2007, RPT Development is dedicated to the identification, acquisition, rehabilitation and… Read more »

  • April 3rd, 2020

    Ribbon-Cutting Celebrates The New Mark Twain Hotel

    The Mark Twain Hotel, a landmark property in Chicago’s Gold Coast neighborhood, reopened with much celebration March 6. Hosted by The NHP Foundation, the property’s reopening was celebrated with a ribbon-cutting ceremony attended by Chicago Mayor Lori Lightfoot, 27th Ward Alderman Walter Burnett, Jr., 48th Ward Alderman and Chairman of the city’s Committee of Housing… Read more »

  • April 3rd, 2020

    Maywood Celebrates “Start of Construction” of Fifth Avenue Apartments

    On a frosty day in February, the Village of Maywood was the site of renewal as local dignitaries, investors, developers and area residents gathered for a “Start of Construction” celebration of the forthcoming Fifth Avenue Apartments. Hosted by developer Interfaith Housing Development Corporation (IHDC), the event lauded the transformation of a long-vacant lot located at… Read more »

  • January 27th, 2020

    2019 In Review: A Year of Growth and Impact for CCLF

    As 2019 came to a close, CCLF reflected on a very successful year that saw milestone growth in its operations and social impact. In June, CCLF reached $100 million in total assets and ended the year with $79 million in loans outstanding to 145 customers working to create communities where people thrive. In 2019, CCLF… Read more »

  • January 27th, 2020

    CCLF and Chicago TREND Debut $5 Million Investment from Fifth Third Bank

    CCLF, in partnership with Chicago TREND, hosted a special event on October 24, 2019, to announce a new investment from Fifth Third Bank designed to finance strategic catalytic commercial development in Chicago. The first borrower supported by this funding is the Lillian Marcie Center for the Performing Arts, a new performing arts center and ancillary… Read more »

  • January 27th, 2020

    Coffee Giant Starbucks Invests in CCLF, Chicago-area CDFIs

    Starbucks Coffee Company announced its plans to invest $10 million in four community lenders—CCLF, Accion Chicago, IFF and Local Initiatives Support Corporation (LISC)—to drive economic opportunity in Chicago. Starbucks’ investment is expected to help finance more than 500 loans to foster growth in small business, support community development projects and create more jobs in Chicago’s… Read more »

  • January 27th, 2020

    Salsedo Press: Print Revolution

    Despite changing trends and preferences, the science of printing and print production has endured since Gutenberg first introduced the printing press in 1436. The industry continues to flourish in Chicago’s Humboldt Park neighborhood at Salsedo Press, Inc. Established in 1969, Salsedo Press is a minority-owned worker cooperative firm that offers core printing and finishing services… Read more »