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Chicago Community Loan Fund
29 East Madison Street, Suite 1700Chicago IL, 60602-4415
CDFI Awards for Chicago Community Loan Fund
FA (2008) - $943,395
The Chicago Community Loan Fund (CCLF) is a certified CDFI that has been in operation since 1991. It serves a six county market in the metropolitan Chicago MSA. CCLF will utilize its 2008 Financial Assistance award of $943,395 to support the preservation of at-risk affordable rental housing in Cook County, Illinois.
FA (2007) - $585,060
Chicago Community Loan Fund (CCLF) was established in 1991 and is a certified CDFI. It provides funds to non-profit community-based organizations working in the Chicago metropolitan area. CCLF will use its FY07 Financial Assistance award to expand its loan capacity and its Technical Assistance grant to hire a loan portfolio manager.
FA (2006) - $585,000
Chicago Community Loan Fund is a certified CDFI established in 1991. Chicago Community Loan Fund provides low-cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development in low- and moderate-income neighborhoods in the City of Chicago and select suburban corridors. Chicago Community Loan Fund will use the 2006 Financial Assistance Award of $485,000 to launch a new capital campaign to build its loan pool resources and support development and/or rehab of housing. Chicago Community Loan Fund will use the 2006 Technical Assistance Award of $100,000 to: 1) have an intranet/extranet constructed and installed and have its staff trained for using it; 2) purchase laptops and presentation technology to assist training during its Project Readiness Workshops held six times per year; 3) to purchase, install, and obtain training for its staff for loan document software; and 4) to pay for hiring a Loan Closing Officer.
TA (2004) - $50,447
Chicago Community Loan Fund (CCLF) will use the award to obtain consulting services to set up and convert accounting information and to design a main contacts database; to acquire accounting and database design software and on-line registration and mapping software; and to provide staff with related training.
FA (2004) - $1,000,000
Chicago Community Loan Fund (CCLF) CCLF will use the award to provide affordable loan capital for the development of affordable single and multi-family housing in Chicago Hot Zones. CCLF will deploy 100% of the award in Hot Zones, developing and/or rehabilitating over 750 units over the next three years.
CORE (2002) - $800,000
The $500,000 grant and $300,000 loan will assist CCLF in expanding it"s lending for housing, business, and facilities loans.
SECA (2000) - $30,000
CCLF will use the TA grant to create a web site, perform a customer survey, and train staff.
CORE (2000) - $1,150,000
The CDFI Fund"s $1,150,000 award ($650,000 capital grant and $500,000 loan) will support the growth of the organization"s lending activities.
SECA (1998) - $38,000
CDFI Fund"s $38,000 Technical Assistance Grant will support staff training in organizational development, fundraising, and underwriting. It will also help the Loan Fund to procure a local area network system to facilitate internal processing of loan documents. Finally, the grant will enable the Loan Fund to obtain consulting services related to business strategies and product development.
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
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