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Chicago Development Fund
Chicago ILCDFI Awards for Chicago Development Fund
NMTC (2009) - $55,000,000
The Chicago Development Fund (CDF) will focus on: a) facilitating industrial retention and expansion within the City; b) extending retail development into underserved areas; and c) increasing the availability of educational, cultural, and social service resources in low-income neighborhoods. CDF will emphasize environmentally sustainable practices such as green building features and renewable energy-based building systems. The financing products offered by CDF feature such attributes as below-market interest rates, higher than typical loan-to-value ratios, and/or mezzanine financing for projects that would not typically qualify for this type of financing.
NMTC (2006) - $100,000,000
The Chicago Development Fund (CDF) will provide capital to industrial, commercial, institutional, and mixed-use real estate projects within low-income areas of the City of Chicago. CDF will focus on a) facilitating industrial retention and expansion within the City; b) helping Chicago medical providers to adapt and modernize to meet the changing needs of the City’s population; c) extending retail development into underserved areas of the City; and d) preserving and enhancing historical and cultural resources. An NMTC allocation will allow CDF to create complementary financing structures using both NMTC and Tax Increment Financing (TIF), resulting in more potent “gap financing” and highly efficient utilization of both TIF and NMTC resources.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
National Endowment for the Humanities: National Digital Newspaper Program
The goal of the National Digital Newspaper Program is to crate a national digital resource of historically significant newspapers published between the years 1836 and 1922, from all of the States and its territories.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
