CCLF-Funded Fifth Avenue Apartments Holds Grand Opening
Interfaith Housing Development Corporation (IHDC) hosted a Grand Opening Celebration for Fifth Avenue Apartments in Maywood, on Friday, September 10. The event marked the 18th affordable housing development for IHDC. Attended by local dignitaries, investors, developers, project contractors and residents, the event lauded the transformation of a long-vacant lot located at 800 S. Fifth Avenue […]
Groundbreaking Ceremony Held for Little Angels Family Daycare Center II
Young alumnus, local dignitaries, parents, students, teachers and engaged community members joined in August for the groundbreaking ceremony of Little Angels Family Daycare Center II, Inc., a state-of-the-art early learning facility in Englewood. The ceremony marked the beginning of construction for the new 11,568-square-foot facility led by Nashone Greer-Adams, Founder, Owner and Director of the […]
CCLF Receives Grant from Wells Fargo’s Open for Business Fund
In September, Wells Fargo announced approximately $8.5 million in grants from its Open for Business Fund to help the Chicago small business community pivot from surviving to thriving. CCLF was named a recipient of one of the grants, which will help increase access to capital with low-rate loans for women and diverse entrepreneurs, and provide […]
CCLF Joins U.S. Bank Initiative to Invest in Developers of Color
CCLF has partnered with U.S. Bancorp Community Development Corporation (USBCDC) and other Community Development Financial Institutions (CDFIs) to support and grow the number of developers led by people of color. Through its new U.S. Bank Access to Capital: Collaborating to Invest in Developers of Color, USBCDC has awarded $250,000 total in grants to three CDFIs—Capital […]
Rehab Begins on Rebuild Property
July 12 brought the Kick-Off/Demo Day for a property under the Chicago Neighborhood Rebuild program. Located at 7222 S. Vernon in Chicago’s Park Manor neighborhood, the site is the first rehab of a CCLF-acquired property then sold to a developer participating in the Chicago Neighborhood Rebuild Program. Originally built in 1914, the 1,914 square foot, […]
Groundbreaking Celebration Held For Maywood Supportive Living
Rains held off long enough on June 23 to brighten Celadon Partners, LLC groundbreaking celebration of Maywood Supportive Living. Celebrated in tandem with COVID-19 precautions, the festive outdoor event recognized the major historic redevelopment of a five-story, 133,000-square-foot supportive living facility for seniors located at 316 Randolph Street in Maywood, Illinois. In attendance were state […]
CCLF’s 2021 Annual Stakeholders Meeting Highlights Resiliency During the Pandemic
On June 17, CCLF held its Annual Stakeholders Meeting virtually for the second consecutive year. Funders, investors, borrowers and supporters joined to learn how their funding and partnership increased CCLF’s social impact in low- to moderate-income neighborhoods during the COVID-19 pandemic and the fund’s plans post-pandemic. The program included live reports and presentations of borrower […]
CCLF Holds 2021 Annual Stakeholders Meeting
On Thursday, June 17, 2021, CCLF hosted its 2021 Annual Stakeholders Meeting on a virtual platform. The production included live reports and presentations of borrower projects that demonstrate CCLF’s perseverance and community outreach during the unprecedented challenges of 2020. Click here to watch CCLF’s 2021 Annual Stakeholders Meeting. The virtual meeting’s audience included investors, funders, […]
NBC-5 Chicago Features MLK Apartments During Black History Month
In 1966, at the height of the Civil Rights Movement, Rev. Dr. Martin Luther King, Jr. turned his attention toward Northern cities to expose the social injustices presumed to only exist in the South. His focus settled on Chicago. Bringing the movement to Chicago, Dr. King and his family relocated into an apartment on Chicago’s […]
RPT Development Continues to (Re)Build
Takeisha Washington, President of RPT Development Group, Inc. (RPT), has a strong relationship with CCLF and together the work of rebuilding Chicago’s neighborhoods continues. RPT is a 14-year-old corporation engaged in acquiring, rehabbing, and sales or lease of often-neglected properties in low- to moderate-income communities. The corporation focuses on residential single-family homes and multi-unit properties, […]
