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Chicago Community Loan Fund

Chicago, Illinois
www.cclfchicago.org

Chicago Community Loan Fund was awarded $10,055,000 between 1991 and 2020, including 14 grants in Chicago Commitment, Impact Investments, MacArthur Award for Creative & Effective Institutions and Housing.

$50,000

2020 • 1 year • Chicago Commitment

The Chicago Community Loan Fund (CCLF) is a federally certified Community Development Financial Institution founded in 1991. CCLF provides financing and technical assistance to community ventures that benefit low- to moderate-income neighborhoods, families, and individuals throughout metropolitan Chicago. It works in four areas: housing, commercial real estate, community facilities, and social enterprises. Loan recipients receive technical assistance as well as financing. With this award, CCLF engages consultants to produce (1) a new strategic plan, and (2) a financial plan, both of which will aid it in responding to the economic impacts of COVID-19.

$215,000

2019 • 1 year • Chicago Commitment

The Chicago Community Loan Fund (CCLF) is a federally certified Community Development Financial Institution (CDFI) founded in 1991. CCLF provides financing and technical assistance to community ventures that benefit low- to moderate-income neighborhoods, families, and individuals throughout metropolitan Chicago. With this award, CCLF creates and coordinates a consortium of CDFIs, government entities, and community development organizations to identify projects in Opportunity Zones in Illinois and match them with investors. It also adds a new staff position focused on public policy.

$500,000

2019 • 2 years • Chicago Commitment

The Chicago Community Loan Fund (Loan Fund) is a federally certified Community Development Financial Institution (CDFI) founded in 1991. The Loan Fund provides financing and technical assistance to community ventures that benefit low- to moderate-income neighborhoods, families, and individuals throughout metropolitan Chicago. To spur the revitalization of neighborhood business districts in economically depressed areas of Chicago, the Loan Fund works with Transforming Retail Economics for Neighborhood Development (TREND). TREND is a for profit citywide intermediary that serves as a centralized resource for real estate developers, retailers, and community development organizations seeking to support neighborhood and sub-regional retail shopping development in divested areas in the region. An earlier grant from the MacArthur Foundation supported the work of the Loan Fund with TREND. This renewal of support of the Loan Fund's work with TREND complements both a program-related investment from the Foundation and a proposed program related investment as part of the Benefit Chicago initiative. 

$5,000,000

2016 • 12 years 1 month • Impact Investments

A loan to help launch the Chicago TREND initiative to encourage commercial development in low and moderate income communities of Chicago.

$1,400,000

2016 • 2 years 8 months

The Chicago Community Loan Fund (the Loan Fund) is a federally-certified community development financial institution that provides financing and technical assistance to a range of community ventures in low-income areas throughout the Chicago metropolitan region. To spur the revitalization of neighborhood business districts in economically depressed areas of Chicago, the Loan Fund supports Chicago TREND (Transforming Retail Economics for Neighborhood Development), a city-wide intermediary that offers technical and financial tools to support neighborhood and sub-regional retail shopping development. Grant support for TREND complements a program-related investment from the Foundation.

$400,000

2015 • 1 year

The Chicago Community Loan Fund (the Loan Fund) is a federally certified community development financial institution that provides financing and technical assistance to a range of revitalization efforts in low-income areas throughout the metropolitan region. In an effort to spur the vitality of neighborhood business districts in economically depressed areas of Chicago, the grant supports the Chicago Community Loan Fund's launch of Chicago TREND (Transforming Retail Economics for Neighborhood Development), a city-level intermediary to house a range of technical and financial tools to support neighborhood and sub-regional retail shopping development.

$500,000

2009 • 1 year • MacArthur Award for Creative & Effective Institutions

To support institutional strengthening and growth.

$500,000

2008 • 1 year • Housing

To preserve affordable rental housing in Chicago as part of The Preservation Compact.

$650,000

1999 • 17 years 1 month

To support community development lending in low-income communities.

$165,000

1996 • 3 years

In support of general operations (over three years).

$500,000

1995 • 20 years 11 months • Impact Investments

Program-related investment to support nonprofit community development in Chicago, focusing on providing pre-development loans that encourage additional financing from conventional lenders.

$50,000

1994 • 2 years

In support of general operations (over two years).

$5,000

1993 • 1 year

To support strategic planning.

$120,000

1991 • 1 year

To support staffing needs.

www.cclfchicago.org
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