Chicago Community Loan Fund

🚨 Attention Turn-Key Multi-family property owners! Meet loan officers on-site for a preliminary underwrite at 4.75% int and 25 yr amt. Don't miss out on this exclusive opportunity! More details and to get tickets https://lnkd.in/gaRh8dUE

Date
Tuesday, July 30 · 3 - 6pm CDT

Location
Sip & Savor
78 East 47th Street Chicago, IL 60653

Each year, the Chicago Community Loan Fund (CCLF) strives to improve upon our mission to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.

2023 was a banner year for CCLF. We closed 31 loans for over $42.6 million – the highest dollar amount of loans closed in a single year in CCLF’s history! This financing has created or preserved 519 units of housing, 661 jobs, and developed 527,289 sq. ft. of commercial real estate and nonprofit facility space. We remain on track to meet our strategic goal of building our assets to $200 million by 2024.

We shared these successes at CCLF’s Annual Stakeholders Meeting. Over 70 attendees joined us downtown at Wintrust Bank on Thursday morning, May 23rd. Investors, funders and community partners learned about the impact of their support and heard a panel discussion from four CCLF borrowers. Guests left the meeting with continued positive feelings about the good work CCLF is doing.

CCLF's Moleska Smith, Calvin Holmes, Bob Tucker and DeMario Greene were pleased to be among the guests at the 2024 Woodstock Institute's Economic Justice Awards at the University Club of Chicago in early June along with Matthew Roth of Community Reinvestment Fund, USA, Illinois State Senator Christopher Belt a Woodstock Institute Economic Justice Award honoree, Becca Goldstein of BG Consulting and Paul Lopez of Old National Bank.

Eliana Mitropoulos, Chicago Community Loan Fund (CCLF); Mary Fran Riley, Allies for Community Business and Diana Rubi, National Association for Latino Community Asset Builders (NALCAB) spent time at The Hatchery Chicago touring the facility and discussing how our organizations can collaborate in the Latino community.

CCLF team participated in the 2024 J.P. Morgan Corporate Challenge in Grant Park David Feinberg Lorrena Diaz LaToya Gray Candace M. G. Kelly Shelton Holly K. Go team!!!
CREW

Chicago Community Loan Fund is honored to be a part of the fourth cohort of the Foundation's Community initiative! This unrestricted grant will help us to continue to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low-to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago. To view the press release on the Chicago awardees click this link https://www.citigroup.com/global/foundation/news/article/2024/citi-foundation-grants-a-collective-6-million-to-six-greater-chicago-nonprofits-working-locally-to-increase-economic-opportunity-in-latest-expansion-of-the-community-progress-makers-initiative

Listen to CCLF's Director of Policy and Government Relations, DeMario J Greene, Wednesday, April 24 at 8:45 a.m. CST on WVON 1690AM to discuss the Illinois Community Reinvestment Act with Horacio Méndez of the Woodstock Institute and Sharon Legenza of Housing Action Illinois.

Join speakers Joy Aruguete and Teresa Prim for their Project Readiness Workshop Thursday, May 2, 2024
https://www.eventbrite.com/e/project-readiness-workshop-prw-tickets-880482295247?aff=oddtdtcreator

To tell the full story of financial distress and economic inequities of the disability community, we must disaggregate the data by race and ethnicity. According to the National Disability Institute, ‘race and disability are overlapping identities that are both related to systemic inequality.’

Like many CDFIs, CCLF has always indirectly supported the disability community through our loans to supportive and senior housing.

Today, we’re more intentional about it and have added accessibility to our DEI strategy.

Read more about our intentionality and partnership with Northwest Access Fund and National Disability Rights Coalition in our post on OFN’s blog series on operationalizing racial equity and accessibility in lending.

DEI+A: Chicago CDFI Adds Accessibility to its DEI Strategy Learn how NDFC partnered with CCLF to assist the CDFI in enhancing its DEI strategy to encompass accessibility, thus making it DEIA.

CCLF is a proud sponsor of Landmarks Illinois’ 2024 Preservation Forward fundraising event. Join us Feb. 29 at The Old Post Office in Chicago to celebrate Landmarks Illinois’ statewide work and the people creating a more diverse, equitable, inclusive and accessible preservation movement. https://www.landmarks.org/events/preservation-forward/
Landmarks Illinois