Category: Uncategorized

Developer Request for Qualifications (RFQ)

The Chicago Neighborhood Rebuild Program, a collaborative effort between the City of Chicago, Chicago Community Loan Fund, Cook County Land Bank Authority and Community Investment Corporation, seeks local developers with strong experience in rehabilitation and sale of single family and 2-flat properties, and a familiarity with overall South and West Side community areas. Please follow the link… Read more »

A Food Desert’s Departure: Jewel-Osco Opens in Woodlawn

Customers were in line at 6:00 a.m. waiting for the doors to open and a chance to shop the new Jewel-Osco at 6100 S. Cottage Grove Avenue in Chicago’s Woodlawn neighborhood. “This store makes the whole neighborhood look brighter,” one customer in line said. “I’ll be coming here every day now.” The Woodlawn Jewel-Osco grand… Read more »

Chicago Public Library and Chicago Housing Authority Form a New Partnership

The Independence Library and Apartments, located at 3548 W. Irving Park Road, closed due to damage from a fire at the adjacent building in October 2015. Although transient, moving from place to place since the early 1900s, by 2015 the library served seven neighborhood schools within walking distance and was heavily used by area residents…. Read more »

TimeLine Theatre Company to Settle in Uptown

TimeLine Theatre Company has settled on a new home in Chicago’s Uptown neighborhood. CCLF provided $3,600,000 to Timeline Theatre Company for acquisition and predevelopment of a property built in the 1910s for a moving and storage company. The revitalization of this property aligns with TimeLine’s mission of bringing history to life and connecting the past… Read more »

Building Confidence Builds Homes

Empowered by a belief that “autism is not a condition, but rather, an intrinsic part of the individual with autism’s self-identity and personality,” Evanston, Illinois-based Rimland Services NFP delivers stability to those whose lives may face challenges. Founded in 1970, Rimland Services is the oldest agency in Illinois that serves the educational, vocational, and residential… Read more »

Woodlawn on the Rise

Bob Tucker, CCLF’s Chief Operating Officer and Executive Vice President of Programs, shared observations and explained CCLF’s role in the revitalization and renewal taking place in Chicago’s Woodlawn community with The Chicago Tribune’s Corilyn Shropshire. Click here to read the complete article, “Making A Comeback,” as seen in the Sunday, March 31, 2019, issue of… Read more »

CLTV Segment: CCLF Invests in the Community

CLTV welcomed CCLF’s Maurice Williams, Vice President of Economic Development, to discuss CCLF’s current endeavors in the network’s  Business Watch segment March 16, 2019.  Produced by Chaundanine Oluwole, the complete segment may be viewed here. Chicago Community Loan Fund is dedicated to doing its part in developing Chicagoland’s communities. For 28 years, CCLF has provided funds for developments like… Read more »

The Hatchery Opens With Ribbon-cutting Ceremony

A new start-up food business incubator opened December 6, 2018, bringing energy and enthusiasm to Chicago’s East Garfield Park neighborhood: The Hatchery Chicago. Well-attended by culinary enthusiasts, community groups, U.S. Congressman Danny Davis, Chicago Mayor Rahm Emanuel, World Business Chicago CEO Andrea Zopp, 27th Ward Alderman Walter Burnett, 28th Ward Alderman Jason Ervin, and celebrity… Read more »

Benefit Chicago Commits to Repurpose Initiative

On December 11, 2018, Benefit Chicago, a social investment fund sponsored by The Chicago Community Trust, Calvert Impact Capital, and the John D. and Catherine T. MacArthur Foundation, announced that it would provide $5 million in financing to CCLF’s Repurpose Initiative. The Repurpose Initiative focuses on revitalizing shuttered Chicago Public School buildings on the city’s… Read more »

LUCHA’s Tierra Linda Housing Project Wins Social Justice Award

LUCHA received the 2018 Opportunity Finance Network’s (OFN) Social Justice Award during its annual conference held at the Marriott Marquis, October 8-11, 2018, in Chicago. Each year, OFN awards the OFN Conference Justice Grant to a nonprofit organization whose mission is consistent with OFN’s core purpose of aligning capital with social, economic, and political justice…. Read more »

U.S. Bank Pullman Community Center Makes Grand Debut

Thanks to the dedication of neighborhood leaders, local developers, and community-focused funders, Chicago’s Pullman Neighborhood has a new destination: U.S. Bank Pullman Community Center. The Center’s lively grand opening took place on November 8, 2018. Constructed on 12 acres of previously long-vacant land, the 135,000-square-foot Pullman Community Center is the largest multi-sport complex in the… Read more »

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… Read more »

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… Read more »

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. 

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… Read more »

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… Read more »

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… Read more »

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… Read more »

New Investments Help Grow CCLF Assets to $88 Million in the Third Quarter

  Wintrust Financial Corporation increased its $5 million investment by $1 million this quarter to help CCLF reach its goal of securing capital for the Chicago Neighborhood Retail Training Pilot Program (Rebuild). Rebuild is a new collaborative with the City of Chicago, Community Investment Corporation, the Cook County Land Bank Authority, CARA, and the Safer… Read more »

XS Tennis Hosts World Team Tennis Match, Welcomes Senator Durbin

Within a span of a few short weeks, CCLF borrower XS Tennis & Education Foundation was a flurry of activity, first hosting a World Team Tennis match on Chicago’s South Side then, a few days later, welcoming Illinois Senator Dick Durbin with a private tour of the facility.  XS Tennis is a CDFI Fund-supported project…. Read more »

Networking Event Launches CCLF’s New Cooperative Website

On July 26, 2018, CCLF and over 60 guests gathered to officially launch www.chicagocoop.net, a new website serving Chicagoland’s cooperative community and those interested in cooperative living. The event, held at the historic Supreme Life Building in Chicago’s Bronzeville community, offered attendees an opportunity to greet fellow cooperative residents, share success stories within Chicagoland’s co-op… Read more »

Urban Land Institute Honors DL3 Realty

The Urban Land Institute (ULI) awarded CCLF customer, DL3 Realty, a 2018 Community Impact Vision Award for its Englewood Square Retail Center in Chicago. Presented during the organization’s 7th Annual Vision Awards Ceremony in June, the Englewood Square Retail Center and DL3 Realty were recognized for serving as catalysts for revitalization in a community suffering… Read more »

CCLF’s Annual Stakeholders Meeting Showcases Vision in Action

Over 60 CCLF funders, investors and community partners negotiated severe storms to join CCLF staff and Board Members for CCLF’s Annual Stakeholders Meeting. Held June 21st at the Federal Reserve Bank of Chicago, the meeting highlighted CCLF’s influence in changing Chicagoland through its lending performance, financial performance and portfolio performance in underserved communities. Following a… Read more »

“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 »

Fresh Food Options and Jobs Coming to Woodlawn

                    Rendering of the 48,000 sq. ft. Jewel-Osco that will open in early 2019, offering an estimated 200 jobs in the Woodlawn community. Leon Walker, Managing Partner of DL3 Realty, LLC, is once again developing vacant land to bring a full-service grocery store to a food… Read more »

Coming Back to Downtown Aurora

                          Aurora Mayor Richard Irvin at the podium alongside Deputy Mayor Rick Guzman at the March 5, 2018 preview of the John C. Dunham Aurora Arts Center that will provide thousands of cultural arts opportunities as a part of the downtown revitalization efforts…. Read more »

A Place Called Woodlawn

Trianon Lofts, named after Woodlawn’s famed ballroom from the 1920s, had its ribbon cutting ceremony on November 7, 2017. In its heyday, thousands of people came to Woodlawn to experience legendary artists like Ray Charles and Muddy Waters on 62nd Street and Cottage Grove Avenue at the once dubbed “world’s most beautiful ballroom.” In 1960,… 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 »

Husband and Wife Team Builds Community Gems

Jason and Esther Williams have been rehabbing properties since 2006. While he initially started working on properties part-time, in 2009 Jason started rehabbing full time and formed Ultimate Real Estate group shortly thereafter.  The goal of Ultimate Real Estate is to pursue the acquisition, development and rehab of small residential properties.   Jason is also a… Read more »

Housing Cooperative Combats Gentrification in Wicker Park

Wicker Park is known for its nightlife, food scene, boutique clothing stores, beer gardens and limited available affordable housing.  Zillow currently list a 2 bedroom apartment in Wicker Park for $2,985 a month.  Among the droves of hipsters and incoming crowds sits Woolman-Washington Cooperative Apartments where rent is based on your family income and residents… Read more »

Dill Pickle Food Cooperative Breaks Ground on its Expansion

On April 17th, Dill Pickle Food Co-Op members and community members celebrated the groundbreaking of their new location. Off the blue line in Logan Square, the new location will expand Dill Pickle’s retail space from 1,100 square feet to 6,500 square feet.  The long awaited location will be able to offer a greater array of… Read more »

MacArthur Foundation: Uncle Remus Finds its Secret Sauce on the South Side

At the busy intersection of 47th Street and Cottage Grove Avenue sits the newest location of Uncle Remus Saucy Fried Chicken, a restaurant that serves up crispy fried chicken with a special secret sauce that its owner is betting will help create a new chicken empire in the Chicago area. Uncle Remus is a West Side institution. The new… Read more »

CCLF’s New Market Tax Credits Advance Affordable Housing, Health Services and Youth Development

In the summer of 2015, the Chicago Community Loan Fund received its first New Markets Tax Credit (NMTC) Allocation from the Community Development Financial Institution (CDFI) Fund.  CCLF was awarded a $15 million allocation which it deployed in three diverse, transformative and exciting projects in three different Chicago neighborhoods.  CCLF provided $5 million of NMTC… 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 »

CCLF Borrower, DL3 Wins CNDA Award for Englewood Square Project

The Outstanding For-Profit Neighborhood Real Estate Project Award went to DL3 Realty for Englewood Square center at 63rd and Halsted that includes a Whole Foods Market, Starbucks and Chipotle among other retailers.  Click Image to see video.