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 MoreCCLF’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 MoreXS Tennis Village, The New Multi-Million Dollar Facility, Celebrates Groundbreaking
On August 25, XS Tennis invited community members and partners to celebrate the groundbreaking of its new facility. The New XS Tennis Village, located in Washington Park, will include two dozen full-size indoor and outdoor tennis courts, indoor and outdoor basketball courts, a 150-meter track and 7 class / multipurpose rooms. The new multi-million dollar […]
Read MorePreservation of Historic Mark Twain Hotel and Affordable Housing
The intersection of Clark and Division and surrounding blocks are packed with construction crews hard at work. The Near North Side neighborhood is just blocks away from downtown and is expanding rapidly with luxury apartments. In the midst of all this change stands the historic Mark Twain Hotel. Built over 80 years ago, the hotel […]
Read MoreCCLF Annual Stakeholders Meeting Looks to the Future
On June 9th, CCLF welcomed funders, investors, and community partners to its Annual Stakeholders Meeting held at the Federal Reserve Bank of Chicago. The meeting reviewed CCLF’s portfolio performance in 2015 and first quarter 2016; informed partners about the direction of the upcoming strategic plan; highlighted notable borrowers; and offered investors and partners the opportunity […]
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