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 […]
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 […]
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.
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
