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 […]
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 […]
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. […]
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 […]
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 […]
