Funders and Investors Support CCLF’s Mission During Crises
As the COVID-19 pandemic pervaded the country in early 2020, comingled with social unrest in the wake of civic injustices, CCLF resolved to persevere and continue providing financing and technical assistance that benefit low- to moderate-income communities throughout metropolitan Chicago. Thanks to the extra efforts of its funders and investors CCLF has been able to […]
Landmarks Illinois Honors Two CCLF Borrowers
In September, Landmarks Illinois announced nine recipients of the 2020 Landmarks Illinois Richard H. Driehaus Foundation Preservation Awards, which included two CCLF borrowers. The annual awards program honors exceptional historic preservation projects and the people working to save important locations throughout Illinois. Among the winners, the CCLF-funded Aurora Arts Center in Aurora, Illinois, earned the […]
CCLF Supports Community Businesses Through Together Now
While stay-at-home orders were in place and the city of Chicago’s neighborhoods saw social upheaval following the death of George Floyd, Chicago Mayor Lori Lightfoot announced the launch of Together Now: Chicago’s Fund to Rebuild Our Neighborhoods. In collaboration with The Chicago Community Trust and the city of Chicago, Together Now fund raised money from […]
CCLF’s Annual Stakeholders Meeting Highlights Resiliency In Challenging Times
Watch the virtual meeting here:CCLF’s 2020 Annual Stakeholders Meeting Embracing the digital culture to share its message, CCLF hosted its 2020 Annual Stakeholders Meeting on Tuesday, September 15, in a virtual platform. The production included live reports and video presentations of projects that represent the diverse breadth of CCLF’s financing in 2019. They included: Growing […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
