Category: CCLF Newsletter Article

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“Wall Raising” Ceremony Held for New Pullman Community Center

New beams were launched May 2, 2018, in Chicago’s historic Pullman neighborhood when celebrants gathered for a “Wall Raising” – a groundbreaking ceremony for the new Pullman Community Center. Representatives from the Roseland Youth Center, Chicago Neighborhood Initiatives (CNI), and Chicago Community Loan Fund joined Chicago Mayor Rahm Emanuel, 9th Ward Alderman Anthony Beale, Chicago… Read more »

Potbelly Opens in Historic Pullman

Chicago Neighborhood Initiatives (CNI) is leading the resurgence of the historic Pullman Neighborhood.  CNI has been chosen as the developer of Pullman Park with a mission to bring jobs, retail, affordable housing, and safe recreational spaces to the neighborhood. CNI celebrated another victory on October 23, 2017 with the opening of Potbelly Sandwich Shop on… Read more »

CCLF’s Social Impact in 2017

CCLF experienced a tremendously successful 2017. CCLF’s operational achievements and our social impact outputs have increased significantly compared to last year. The number of housing units created or retained jumped from 424 to 1,275, commercial real estate and community facility space rose from 38,125 sq. ft. to 415,745 sq. ft. and the number of jobs… Read more »

New Dill Pickle Location Jubilantly Opens Its’ Doors

After two years of sustained effort, Dill Pickle opened the doors to its new and improved location in Logan Square on September 8th! The new storefront offers 10,000 square feet of space, nearly six times as large as the former location. It boasts hot food and salad bars, beer and wine selection, a deli counter… Read more »

The Hatchery to Incubate 100 New Businesses in the Food Industry Yearly

Mayor Rahm Emanuel led the project announcement for The Hatchery Chicago, a $34 million food and beverage incubator, slated to open in East Garfield Park in fall 2018. Once constructed, entrepreneurs working out of their homes and shared kitchens will have a space where they can grow their businesses, resulting in wealth creation in East… Read more »

36 Units of Affordable Rental Apartments Now Open in East Garfield Park

What do you do when you acquire a piece a land, secure predevelopment financing, create drawings, hire a general contractor and then the housing bubble collapses across the country and your bank’s letter of commitment expires? Bankruptcy, foreclosure, abandoned property are actions associated with such a scenario, but that was not case for Reverend Michael… Read more »

CCLF Hosts Press Conference with Deputy Mayor Andrea Zopp, Rush University Medical Center and MB Financial

On September 13th the CCLF office was at capacity with community stakeholders working to reduce  crime and blight in Chicago – joining The City of Chicago and CCLF were Rush University Medical Center, MB Financial Bank, Cook County Land Bank, CARA, Safer Foundation, Community Investment Corporation, 20th Ward Alderman Willie Cochran, 27th Ward Alderman Walter… Read more »

Breaking Ground Building Homes and Transforming North Lawndale

In 1987, a man named Mark Ennis commuted through North Lawndale every day witnessing the devastating effects the abandoned properties was having on neighborhood youth and families.  In an effort to help the neighborhood, he decided to buy a six-flat to create better housing for residents at affordable rates and using local youth as workers. … Read more »

CCLF Customer Creates Affordable Housing in Chatham

Don Duszynski and Sean Connolly are founders of Strata Investments, a real estate development company that rehabilitates vacant properties and creates affordable housing for families in Chicago Housing Authority’s Housing Choice Voucher Program.  The company also offers properties to first time homeowners and renters.  Their mission is to provide excellent affordable housing options in thriving,… Read more »

25th Anniversary Celebration Uplifts CCLF Borrowers

  On October 13th, 500 community development professionals, civic leaders, CCLF borrowers, supporters and investors gathered to celebrate 25 years of helping create communities where people thrive. The event highlighted CCLF’s diverse range of customers in a variety of ways. It took place at the Stony Island Arts Bank, a CCLF customer site. The Arts… Read more »