CCLF PRESIDENT CALVIN L. HOLMES RECEIVES THE BANK OF AMERICA NEIGHBORHOOD BUILDERS: RACIAL EQUALITY AWARD
CCLF President Calvin L. Holmes joins four others who are recognized by Bank of America for their impactful work in striving to advance racial equality and economic opportunity in Black, Hispanic-Latino, Asian American and Native American communities. The Racial Equality Award was established in March of 2022 and is an extension of Bank of America’s […]
2022 ANNUAL STAKEHOLDERS MEETING
Two years after the start of the pandemic, CCLF’s 2022 Stakeholders Meeting was held virtually for the third time due to the continued threat of COVID-19. The goals of the meeting were to provide Stakeholders with an update on CCLF’s lending, portfolio and finances so Stakeholders can continue to have confidence in working with CCLF […]
CHICAGO NEIGHBORHOOD REBUILD LUNCH AND LEARN
On a beautiful Tuesday morning in early June, local community developers, and those considering community development, came together at Little Black Pearl Art and Design Academy in Kenwood for a lunch and learn about the Chicago Neighborhood ReBuild (ReBuild) program hosted by Chicago Community Loan Fund (CCLF) along with partners Chicago Department of Housing and […]
Grant Place Retail Center is a Major Hub in North Chicago, IL
In 2003, Chicago Community Loan Fund provided a $409,000 predevelopment loan to Five Points Economic Development Corporation, a quasi-independent city agency coordinating the development of Grant Place Retail Center in North Chicago, IL. In 2005, the project broke ground on vacant land to create 19,000 sq. ft. of commercial/retail development located on a 2.5 acre-site […]
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 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 […]
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, […]
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 […]
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 […]
