CCLF on FOX 32 News Voice of Change
2021 In Review: CCLF Navigates Challenging Times
Continuing to persevere in a challenging year, CCLF ended 2021 with continued growth and community impact. CCLF ended 2021 with $90,248,498 in loans outstanding to 154 customers. CCLF provided 32 loans totaling $27.7 million which created or retained 294 housing units and developed or retained 230,681 square feet of commercial real estate and community facility […]
Pullman Culver’s Welcomes Crowds to Ribbon-cutting
The long-awaited Pullman Culver’s held its grand opening and ribbon-cutting ceremony November 8 with much celebration. Ba-Ron Chicago Burgers LLC/Bar-Pull LLC principals Baron Waller and Ronald Wells welcomed U.S. Representative Robin Kelly, Illinois State Representative Nicholas Smith (34th District), 9th Ward Alderman Anthony Beale, Rick Silva, Culver’s CEO, Kevin Goldsmith, CCLF Board Member and Program […]
Amped Kitchens Cuts Ribbon at New Chicago Site
Mott Smith and Brian Albert are founders of Amped Kitchens in Los Angeles, and they opened their third facility in the Belmont Cragin neighborhood of Chicago on October 14, 2021. Amped Kitchens was created to give a competitive advantage to food and beverage entrepreneurs ready to expand but who can use shared resources to maneuver […]
CCLF Celebrates 30th Anniversary with Virtual Celebration
Chicago Community Loan Fund celebrated 30 years of providing access to capital in underserved communities throughout metropolitan Chicago virtually October 28. The event lauded the accomplishments of CCLF’s customers and partners engaged in community transformation through community development and also honored the recipients of the 2021 Fannie Lou Hamer Awards for Grassroots Community Development. (from […]
CCLF Launches “Communities of Color Fund” to Serve Chicago’s South and West Sides, Five Suburban Counties
Chicago Community Loan Fund (CCLF), along with key investors, has created a $25 million loan fund to support African American, Latino and other business developers of color. The Communities of Color Fund was added to CCLF’s lending capabilities as another tool to address racial equity in low- to moderate-income neighborhoods throughout Chicagoland with a strong […]
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 Receives Grant from Wells Fargo’s Open for Business Fund
In September, Wells Fargo announced approximately $8.5 million in grants from its Open for Business Fund to help the Chicago small business community pivot from surviving to thriving. CCLF was named a recipient of one of the grants, which will help increase access to capital with low-rate loans for women and diverse entrepreneurs, and provide […]
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 […]
