From: Chicago Community Loan Fund [mailto:info@cclfchicago.ccsend.com] On Behalf Of Chicago Community Loan Fund From: ChicagoSeptember Community Fund [mailto:info@cclfchicago.ccsend.com] On Behalf Of Chicago Community Loan Fund Sent: Friday, 13,Loan 2013 11:46 AM Sent: Friday, September 13, 2013 11:46 AM To: Juan Calixto; salsedopress@earthlink.net From: Chicago Community FundNewsletter [mailto:info@cclfchicago.ccsend.com] On Behalf Of Chicago Community Loan Fund To: Juan Calixto; salsedopress@earthlink.net Subject: CCLF 2013 SecondLoan Quarter Sent: Friday, September 13, 2013 11:46 AM Subject: CCLF 2013 Second Quarter Newsletter To: Juan Calixto; salsedopress@earthlink.net Subject: CCLF 2013 Second Quarter Newsletter
COMMUNITY BLUEPRINT COMMUNITY BLUEPRINT CCLF NEWSLETTER OF COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES COMMUNITY BLUEPRINT
CCLF PROJECTS, ISSUES ISSUES & & FEATURES FEATURES CCLF NEWSLETTER NEWSLETTER OF OF COMMUNITY COMMUNITY DEVELOPMENT DEVELOPMENT PROJECTS,
CCLF Makes $5,000,000 Loan to Ascendance CCLF Makes $5,000,000 Loan to Ascendance CCLF Capital Partners I, LLC Capital Partners Partners I, I, LLC LLC Capital Chicago Community Loan Fund is having a banner lending year in 2013 and is Chicago Community Loan Fund is having a banner lending year in 2013 and is Chicago Community Fundgoal is having a banner lending year inthe 2013 and is projected to surpass Loan its annual of $15,447,500. At mid-year, lending projected to surpass its annual goal of $15,447,500. At mid-year, the lending projected to surpass its annual goal of $15,447,500. At mid-year, the lending team has reached 74 percent of its annual lending goal, closing 21 loans team has reached 74 percent of its annual lending goal, closing 21 loans for for a a team has reached 74 percentDuring of its annual lending goal, closing 21 loans for a total volume volume of $11,476,200. $11,476,200. During the second second quarter, CCLF also also extended total of the quarter, CCLF extended total volume of $11,476,200. During thehistory second CCLF also extended its largest largest community facility loan loan in its its history ofquarter, $5,000,000 to Ascendance Ascendance its community facility in of $5,000,000 to its largest community facility loan in mortgages its history ofon$5,000,000 to Ascendance Capital Partners I, LLC to refinance three properties located Capital Partners I, LLC toWoodlawn refinance and mortgages on three properties in located in the Grand Boulevard, South Shore communities Chicago. These properties are located in low-income communities where minorities are in the Grand Boulevard, Woodlawn and South Shore communities in Chicago. 85-97 of The within properties provide a These properties are population. located in low-income minorities are 85-97 percent percent of the the population. The tenants tenantscommunities within these these where properties provide a myriad of critical public and social service programs for residents. Ascendance 85-97 of the population. The tenants within these properties provide a myriadpercent of critical public and social service programs for residents. Ascendance Capital Partners is equity firm invests income myriad critical public and social programs residents. Ascendance Capitalof Partners is a a private private equityservice firm that that invests in inforlow-to-moderate low-to-moderate income communities primarily on the south side of Chicago. "CCLF is thrilled to Capital Partners is a private equity firm that invests in low-to-moderate communities primarily on the south side of Chicago. "CCLF is thrilled toincome partner with Ascendance to ensure these properties continue to house communities primarily on the south side ofproperties Chicago. "CCLF istothrilled to partner with Ascendance ensure these continue houseof programs that benefit the to community," said Rob Rose, Vice President partner with Ascendance to ensure these properties continue to house programs that benefit the community," said Rob Rose, Vice President of Lending. programs Lending. that benefit the community," said Rob Rose, Vice President of Lending.
2nd Quarter/2013 2nd Quarter/2013 Quarter/2013 2nd
In This Issue
In In This This Issue Issue CCLF Makes $5 Million Loan CCLF CCLF Makes Makes $5 $5 Million Million Loan Loan President Obama Names Calvin
President Obama Names Calvin Holmes to Community President Obama Names Calvin Holmes to Community Development Advisory Board Holmes toAdvisory Community Development Board
Development Advisory Board CCLF Announces Announces Opening Opening of of CCLF Advance Auto Parts Parts Storeof Advance Auto Store CCLF Announces Opening Advance Auto Parts Store
Growing Growing Home Home Wins Wins ULI ULI Award Award
Growing Home Wins ULI Award
CCLF CCLF Launches Launches Small Small Contractor Contractor Bridge Program
Bridge Program CCLF Launches Small Contractor Bridge Program Opportunities for Investment in Opportunities for Investment Metro Chicago's Southland in
Metro Chicago's Southland in Opportunities for Investment Metro Chicago's Southland Bronzeville Cookin' with Lt. Governor Simon Bronzeville Cookin' with Lt.
Governor Simon Bronzeville Cookin' with Lt. Governor Simon CCLF Noteworthy CCLF Noteworthy
20th Annual Chicago CCLF Noteworthy Neighborhood Development 20th Annual Chicago Awards
Neighborhood Development 20th Annual Chicago Awards Neighborhood Development Cambridge Manor Wins Realtors' Awards Award
Cambridge Manor Wins Realtors' AwardWins Cambridge I-Go Car Manor Sharing has Realtors' been purchasedAward by Enterprise
President Obama Names Calvin L. Holmes to the Community Development Advisory Board
President Obama Names Calvin L. Holmes Calvin L. Holmes, PresidentNames of the Chicago Community President Obama Calvin L. HolmesBoard to Community Development Advisory Loanthe Fund, was recently appointed by President Barack to theasCommunity Development Advisory Board Obama a member of the Community Development Calvin L. Board Holmes, President the Chicago Community Advisory (CDAB). TheofCDAB offers strategic Calvin L. Holmes, President of the Chicago Community Loan Fund, was recently appointed by President direction on matters important to the Community Barack Loan Fund, recently appointed by President Obama as awas member ofInstitution the Community Development Development Financial (CDFI) industryBarack and the CDFI Fund's programs. Board advises the Obama asBoard a member of the Community Development Advisory (CDAB). TheThe CDAB offers strategic Director CDFI Fund on CDAB the organization's policies Advisory Board (CDAB). The offers strategic directionof onthe matters important to the Community
I-Go Car Holdings Sharing has been purchased by Enterprise I-Go Car Sharing has been Connect with CCLF on Twitter Holdings purchased by Enterprise Holdings
Board Directors Connect withofCCLF on Twitter Connect with CCLF on Twitter
Board of Directors Board of Directors
20th Annual Chicago Neighborhood Development Awards (CNDA)
20th Annual Chicago
President Obama Names Calvin L. Holmes to the Community Development Advisory Board Calvin L. Holmes, President of the Chicago Community Loan Fund, was recently appointed by President Barack Obama as a member of the Community Development Advisory Board (CDAB). TheNames CDAB offers strategicL. Holmes President Obama Calvin direction on matters important to the Community to the Community Development Advisory Board Development Financial Institution (CDFI) industry and the CDFI Fund's programs. The Board advises the Calvin President theorganization's Chicago Community DirectorL.ofHolmes, the CDFI Fund onofthe policies Loan Fund, was recently appointed by President and strategic priorities, sharing its expertise on Barack Obama asdevelopment a member of and the Community economic sustainabilityDevelopment in low- and Advisory Board (CDAB). The CDAB offers strategic moderate-income neighborhoods throughout the United direction on matters important thebeCommunity States. Holmes stated, "I couldtonot more honored Development Financial Institution (CDFI) and humbled to serve on the CDAB at theindustry requestand of the Photo by Steve Becker the CDFI Fund's programs. The Board advises President given the tremendous challenges, as the well as Director of thefacing CDFI Fund on the organization's policies opportunities, the community development field as we redouble our and strategic priorities, sharing its expertise on efforts to help lift more less fortunate Americans out of the Great Recession economic sustainability in low- and which has development not ended forand so many." moderate-income neighborhoods throughout the United States. Holmes stated, "I could not be more honored Chicago Community Loan Fund Announces and humbled to serve on the CDAB at the request of the Photo by Steve Becker Advance Parts Store Grand Opening in President givenAuto the tremendous challenges, as well as opportunities, facing the community development field as we redouble our Chatham efforts to help lift more less fortunate Americans out of the Great Recession which has not ended for so many."
Chicago Community Loan Fund Announces CCLF was happy to partner with Veja Enterprise LLC to announcein the Advance Auto Parts Storeopening Grand Opening of Advance Auto Parts in Chatham Chatham, at 85th and Cottage Grove. A
ribbon cutting ceremony of the project was held Saturday, May 4th, at 8501 S. Cottage Grove Ave. Veja Enterprise CCLF was happy partner with Veja LLC welcomed 8thtoWard Alderman Enterprise LLC to announce the Michelle Harris as a special guest. opening of Advance Auto Parts in an "This project continues to build on Chatham, at 85th andcorridor," Cottage Grove. A expanding economic said Pictured (from left to right): State Farm ribbon cutting ceremony of the project CCLF President Calvin Holmes. "What Agent Dawn Hines; 8th Ward Alderman Saturday, Maythis 4th, at 8501 Michelle Harris; CCLF's Calvin Holmes and was reallyheld excites us about project is S. Grove Ave. Veja Enterprise Rob Rose; Advance Auto Parts General Cottage that it not only provides 10-14 jobs, but Manager Marilyn Washington-Cole; and Veja LLC welcomed 8th Ward Alderman provides jobs that people within a twoEnterprise co-owners, Veola and Jasmine Michelle Harris as a special guest. mile radius can readily qualify for." The James. "This project continues to build on an new store offers customers a wide expanding economic corridor," said range of parts and recognized national Pictured (from left to right): State Farm CCLF Calvin Holmes. Agent Dawn Hines; 8th Ward Alderman brands,President as well as, several free "What Michelle Harris; CCLF's Calvin Holmes and services. really excites us about this project is Rob Rose; Advance Auto Parts General that it not only provides 10-14 jobs, but Manager Marilyn Washington-Cole; and Veja jobs that people within a twoEnterprise co-owners, Veola and Jasmine Growing Home Wins ULI provides Visionary Award mile radius can readily qualify for." The James. new store offers customers a wide Chicago Loan Fundnational borrower range ofCommunity parts and recognized Growing the 2013free Visionary brands, Home as wellwon as, several Award established by the Urban Land services. Institute of Chicago. CCLF made a loan Growing HomeAward to complete the Wood Growing Home Wins ULItoVisionary Street Urban Farm, which transformed an abandoned lot in Englewood into a Chicago Communitybusiness Loan Fund thriving agricultural withborrower sales Growing Home won the 2013 Visionary reaching $67,105 in 2012. The Visionary Award by the Urban Land Award established was highly competitive, Institute of Chicago. CCLF madethat a loan recognizing urban developments to Growing Home to complete the Wood achieved a high standard of excellence Street Urban Farm, which transformed in design, construction, economics, an abandoned lot in Englewood into a marketing and management. Growing thriving agricultural business with Home's project creatively solved sales reaching $67,105 2012.and The Visionary complex land use in issues provided Award was highly competitive, job training to individuals with multiple
Cambridge Manor Wins Connect with CCLF on Realtors' Twitter Award Board of Directors I-Go Car Sharing has been purchased by Enterprise Holdings Connect CCLF on Twitter 20th with Annual Chicago Neighborhood Development Awards (CNDA) Board of Directors
Applications are now being accepted for the CNDA, recognizing outstanding 20th Annual Chicago achievement in neighborhood Neighborhood Development real estate development, Awardsbuilding (CNDA)and community organizing. The Richard H. Applications are nowAwards being Driehaus Foundation accepted for the CNDA, for Architectural Excellence in recognizing outstanding Community Design, celebrating achievement in neighborhood the best of community design, real estate development, landscape design and community building and architecture. organizing. The Richard H. Driehaus Foundation Awards Applications are due for Architectural Excellence September 12, 2013, in Community Design, celebrating to apply call (312) 422-9556. the best of community design, landscape design and Cambridge Manor architecture. Wins Award Applications are due September 12,to 2013, Congratulations CCLF to apply Cambridge call (312) 422-9556. borrower Manor for winning the Chicago Association of Realtors' Cambridge Manor 2013 GoodWins Neighbor Award! Award Cambridge Manor is a residential multi-unit renovation Congratulations to CCLF project which provides borrower Cambridge for affordable housing forManor seniors, winning the Chicago offering unique amenities and Association Realtors' 2013 bonusoffacilities. Good Neighbor Award! Cambridge Manor is a residential renovation I-Gomulti-unit Car Sharing project which provides affordable housing for seniors, I-Go Car Sharing has been offering unique amenities and purchased by Enterprise bonus facilities. Holdings. I-Go was the first car sharing program in Chicago and wasI-Go financed by Chicago Car Sharing Community Loan Fund as an alternative transportation I-Go Car Sharing has been initiative of the Center for purchased by Enterprise Neighborhood Technology. Holdings. I-Go was the first car sharing program in Chicago and was financed by Chicago Community Loan Fund as an alternative transportation initiative of the Center for Neighborhood Technology.
Enterprise co-owners, Veola and Jasmine that it not only provides 10-14 jobs, but radius can readily qualify for." The Manager Marilyn Washington-Cole; and Veja mile expanding economic corridor," said James. provides jobs that people within a twoPictured (from left to Veola right): and StateJasmine Farm Enterprise co-owners, new store offers customers a wide CCLF President Calvin Holmes. "What Agent Dawn Hines; 8th Ward Alderman mile radius can readily qualify for." The James. of parts and recognized national Michelle Harris; CCLF's Calvin Holmes and range really excites us about this project is new store offers customers a wide Rob Rose; Advance Auto Parts General brands, as well as, several free that it not only and provides 10-14 jobs, but range of parts recognized national Manager Marilyn Washington-Cole; and Veja services. provides jobs that people within a twobrands, as well as, several free Enterprise co-owners, Veola and Jasmine mile radius can readily qualify for." The James. services.
Growing Home Wins ULI new Visionary store offersAward customers a wide range of parts and recognized national Growing Home Wins ULI Visionary Award
brands, Community as well as, several free borrower Chicago Loan Fund services. Growing Home won the 2013 Visionary Chicago Community Loan Fund borrower Award established by the Urban Land Growing Home won the 2013 Visionary Growing Home Wins ULIInstitute Visionary Award of Chicago. CCLF made a loan Award established by the Urban Land to Growing Home to complete the Institute of Chicago. CCLF made aWood loan Street Urban Farm,towhich Chicago Community Loan transformed Fund borrower to Growing Home complete the Wood an abandoned lot in which Englewood into a Growing Home won the 2013 Visionary Street Urban Farm, transformed thriving agricultural business with sales Award established by the Urban Land an abandoned lot in Englewood into a reaching $67,105 in 2012. The Visionary Institute of Chicago. CCLF made a loan thriving agricultural business with sales Award was highly in competitive, to Growing Home to 2012. complete Wood reaching $67,105 Thethe Visionary recognizing urban developments that Street Urban Farm, which transformed Award was highly competitive, achieved a high of excellence an abandoned lotstandard in Englewood into recognizing urban developments thata in design, construction, economics, thriving agricultural business with sales achieved a high standard of excellence marketing and management. Growing reaching in 2012. The Visionary in design,$67,105 construction, economics, Home's project creatively solved Award was highly competitive, marketing and management. Growing complex landurban use issues and provided recognizing developments that Home's project creatively solved job training to individuals with multiple achieved a high standard of excellence complex land use issues and provided barriers to employment. Street in construction, economics, jobdesign, training to individuals"Wood with multiple Pictured (from left to right): Natalie Urban Farm has been a great success. marketing management. Edwards, Dev Dir; Harry Rhodes, Ex Dir; barriers to and employment. "WoodGrowing Street much so, has in fact, that Growing Home Pictured (from Bd left Pres; to right): Natalie Home's project creatively solved Laurie Alpern, Brad Hirn, Employ So Urban Farm been a great success. Edwards, Specialist Dev Dir; Harry Rhodes, Ex Dir; is now expanding its presence in complex land use issues and provided Laurie Alpern, Bd Pres; Brad Hirn, Employ So much so, in fact, that Growing Home Englewood byindividuals building a second job training to with multiple Specialist is now expanding its presence in farm the Honore Street Urban Farm," said barriers to employment. "Wood Englewood by building a secondStreet farm Pictured (from leftExecutive to right): Natalie Harry Rhodes, Director of Growing Home. Urban Farm has been a great success. the Honore Street Urban Farm," said Edwards, Dev Dir; Harry Rhodes, Ex Dir; So much so, in fact, that Growing Home Laurie Rhodes, Alpern, BdExecutive Pres; Brad Hirn, Employ Harry Director of Growing Home. Specialist is now expanding its presence in Englewood by building a second farm CCLF applauds Growing Home as a 2013 Vision Award winner for remediating the Honore Street Urban Farm," said a lot that had been vacantHome for 30as years to meet pivotal local needs healthy CCLF applauds Growing a 2013 Vision Award winner for for remediating Harry Rhodes, Executive Director programming. of Growing Home. food, job training and educational CCLF also congratulates a lot that had been vacant for 30 years to meet pivotal local needs for healthy West Humboldt Council (WHPDC), placed as a food, job trainingPark and Development educational programming. CCLFwhich also congratulates finalist and received honorable mention during the awards ceremony held West Humboldt Park Development Council (WHPDC), which placed as a in June. CCLF Growing Homemention as a 2013 Vision winner for remediating finalist applauds and received honorable during theAward awards ceremony held in a lot that had been vacant for 30 years to meet pivotal local needs for healthy June. food, job training and educational programming. CCLF also congratulates CCLF Launches Small Contractor Bridge Program West Humboldt Park Development Council (WHPDC), which placed as a CCLF Small Contractor Bridge Program finalist andLaunches received honorable mention during the awards ceremony held in June.
CCLF Launches Small Contractor Bridge Program
CCLF announced its new Small Contractor Bridge program designed to help emerging construction businesses access working capital todesigned compete to forhelp public CCLF announced its new Small Contractor Bridge program works projects. CCLF is administering the program in partnership with the emerging construction businesses access working capital to compete for public Illinois Finance Authority (IFA), Governor number works projects. CCLF is administering theQuinn's programadministration in partnershipand witha the of Illinois state agencies. Small Contractor Bridge provides financing to ease Illinois Finance Authority (IFA), Governor Quinn's administration and a number cash flow problems for small contractors, including disadvantaged, minority CCLF announced its new Small Contractor Bridge program designed to helpand of Illinois state agencies. Small Contractor Bridge provides financing to ease women-owned business enterprises, allowing them to qualify for and execute emerging accessincluding working capital to compete for public cash flow construction problems for businesses small contractors, disadvantaged, minority and public agency (local, and federal) contracts in in Illinois. works projects. CCLFstate is administering the program withexecute the women-owned business enterprises, allowing them to partnership qualify for and Illinois Finance(local, Authority Governor Quinn's in administration and a number public agency state(IFA), and federal) contracts Illinois. of Illinois state agencies. Small Contractor Bridge provides financing to ease Small contractors frequently have difficulty securing working capital, a cash flow problems for small contractors, including disadvantaged, minority and prerequisite to obtain bonding for public work. The high financial barriers of Small contractors frequently have difficulty securing working women-owned business enterprises, allowing them to qualifycapital, for andaexecute public works projects make them inaccessible to large numbers of these prerequisite to (local, obtainstate bonding publiccontracts work. Theinhigh financial barriers of public agency andfor federal) Illinois. companies, ability toinaccessible complete thetowork high industry public worksdespite projectstheir make them largetonumbers of these standards. despite their ability to complete the work to high industry companies, Small contractors frequently have difficulty securing working capital, a
bonus facilities. Cambridge Manor is aand offering unique amenities residential multi-unit renovation bonus facilities. project which provides I-Go housing Car Sharing affordable for seniors, offering unique amenities and I-Go Car Sharing bonus facilities. I-Go Car Sharing has been purchased by Enterprise I-Go Car Sharing has been Holdings. I-Goby was the first car purchased Enterprise I-Go Car Sharing sharing program in Chicago Holdings. I-Go was the first and car was program financed in byChicago Chicagoand sharing Community Loan as an I-Go Sharing has been wasCar financed byFund Chicago alternative transportation purchased by Enterprise Community Loan Fund as an initiative of transportation the Center forcar Holdings. I-Go was the first alternative Neighborhood Technology. sharing program in Chicago initiative of the Center forand was financed Technology. by Chicago Neighborhood Community Loan Fund as an alternative transportation initiative of the Center for Neighborhood Technology.
Chicago's Bike Challenge Chicago's Bike Challenge CCLF won 6th Place in the City of Chicago's Commuter CCLF won 6thBike Place in the City Challenge. Sixty companies of Chicago's Bike Commuter Chicago's Challenge participatedBike in encouraging Challenge. Sixty companies their employees to reduce participated in encouraging pollution by biking work. CCLF 6th Place in the City theirwon employees toto reduce CCLF is very active in the of Chicago's Bike Commuter pollution by biking to work. Chicago Green Office Challenge. Sixty companies CCLF is very active in the Challenge andOffice was participated in encouraging Chicago Green acknowledged in their July theirChallenge employees to reduce and was Newsletter for its successful pollution by biking to work. acknowledged in their July "Big 3 Challenge" in in which CCLF is very active the Newsletter for its successful employees shut off Chicago Green Office "Big 3 Challenge" in three which energy wasters at off the end of Challenge and was employees shut three the day: their computer, acknowledged in their Julyof energy wasters at the end monitor and printer. CCLF Newsletter for its successful the day: their computer, is committed to printer. sustainable living "Big 3 Challenge" inCCLF which monitor and is and saving energy. employees shut off three committed to sustainable living energy the end of andwasters saving at energy. the day: their computer, monitor and printer. CCLF is CCLFtoRemembers committed sustainable living Kevin Pierce, AIA and saving energy. CCLF Remembers Kevin Pierce, AIA CCLF Remembers Kevin Pierce, AIA Kevin Pierce presenting at CCLF. Photo by Tony Kevin Pierce presenting V. Martin at CCLF. Photo by Tony V. Martin
1957-2013
Kevin 1957-2013 Pierce presenting Kevin PiercePhoto was by a dynamic at CCLF. Tony spokesperson in green design V. Martin Kevin Pierce was a dynamic and sustainable development. spokesperson in green design He sustainable devoted his development. professional 1957-2013 and career as an architect to green
works projects. CCLF is administering the program in partnership with the
CCLF Launches Small Contractor Bridge and Program Illinois Finance Authority (IFA), Governor Quinn's administration a number
of Illinois state agencies. Small Contractor Bridge provides financing to ease cash flow problems for small contractors, including disadvantaged, minority and women-owned business enterprises, allowing them to qualify for and execute public agency (local, state and federal) contracts in Illinois. Small contractors frequently have difficulty securing working capital, a prerequisite to obtain bonding for public work. The high financial barriers of public works projects make them inaccessible to large numbers of these companies, despite complete Bridge the work to highdesigned industry to help CCLF announced itstheir newability Smallto Contractor program standards. emerging construction businesses access working capital to compete for public
works projects. CCLF is administering the program in partnership with the "Small Finance Contractor Bridge (IFA), is an essential to help small and emerging Illinois Authority Governortool Quinn's administration and a number of Illinois state agencies. Smallworks Contractor Bridge provides financing to ease businesses compete for public projects," said Christopher B. Meister, cash flow problems small including disadvantaged, minority Executive Director offorthe IFA.contractors, "This program fills a gap in the market, helpingand women-owned business enterprises, allowing qualify for andand execute credit-disadvantaged businesses compete for them publictoworks projects public agency (local,development state and federal) contracts in Illinois. boosting economic throughout our state by pairing essential
infrastructure improvements with support for small contractors." Small
Contractor Bridge frequently is currentlyhave in the pilot stage, with working a total ofcapital, $1 million Small contractors difficulty securing a in available financing. For more information on Small Contractor Bridge, contact prerequisite to obtain bonding for public work. The high financial barriers of public works projects them inaccessible to (312) large numbers Wendell Harris, Seniormake Loan/Program Officer, at 252-0427.of these companies, despite their ability to complete the work to high industry standards.
Opportunities for Investment in Metro Chicago's Southland "Small Contractor Bridge is an essential tool to help small and emerging
businesses compete for public works projects," said Christopher B. Meister, Executive Director of the IFA. "This program fills a gap in the market, helping Chicago Community Loan Fund along with for six public other steering committee credit-disadvantaged businesses compete works projects and members of the Southland Community Development has been meeting boosting economic development throughout our stateFund by pairing essential for a year to establish a loan fund and build an infrastructure that will spur the infrastructure improvements with support for small contractors." Small redevelopment of the areas within ½ mile of south suburban transportation Contractor Bridge is currently in the pilot stage, with a total of $1 million in hubs. Thefinancing. goal is to For develop neighborhoods and the Bridge, connection to available morewalkable information on Small Contractor contact Wendell Harris, Senior Officer, at (312) 252-0427. services and goods thatLoan/Program residents need. By doing so, residents will rely less on
cars and reduce CO2 emissions because they have access to these amenities Opportunities for Investment in Metro Chicago's near their homes.
Southland
Instrumental to this effort is the South Suburban Mayors and Managers Association (SSMMA) which is an association of 42 south suburban Chicago Community Loan Fund along with six other steering committee municipalities spanning from the City ofDevelopment Blue Island on the north to the Village members of the Southland Community Fund has been meeting of Crete on the south. Other steering committee members include Enterprise for a year to establish a loan fund and build an infrastructure that will spur the Community Partners, for Neighborhood Technology, redevelopment of the Center areas within ½ mile of south suburban Metropolitan transportation Planning Chicago Southland Development Corporationtoand hubs. TheCouncil, goal is to develop walkable Economic neighborhoods and the connection services goods Housing that residents need. By doing so, residents will rely less on Chicago and Southland and Community Development Collaborative. This cars reduce CO2 developers emissions because they have access these amenities groupand wants to reach interested in learning abouttonear-term near their homes. development opportunities in Chicago's Southland. Instrumental to this effort is the South Suburban Mayors andAug. Managers A kick-off event for this initiative will take place Wednesday, 21, 2013, Association (SSMMA) which is an association of 42 south suburban from 9 a.m. to noon, at UBS Tower, One N. Wacker Drive, Chicago. municipalities spanning from the City of Blue Island on the north to the Village Registration willsouth. begin Other at 8:30steering a.m., and breakfast will be provided. The event is of Crete on the committee members include Enterprise free, but registration is required. Participants will hear the latest news about Community Partners, Center for Neighborhood Technology, Metropolitan funding opportunities and initiatives focused on promoting coordinated, quality Planning Council, Chicago Southland Economic Development Corporation and investment in Chicago's Southland, an area with strong transit and rail Chicago Southland Housing and Community Development Collaborative. This connectivity. Cook County Board President Preckwinkle present the group wants to reach developers interested Toni in learning about will near-term development opportunities in Chicago's Southland. keynote address on the future of Cook County's economic development
initiatives and the BUILT in Cook Loan Fund. CCLF President, Calvin Holmes, A event for this initiative will take place Aug. 21, 2013, willkick-off be a panelist sharing information about the Wednesday, Southland Community from 9 a.m. toFund noon,and at UBS Tower, Onethat N. Wacker Drive, Chicago. Development the consortium will provide resources to Registration will begin at 8:30 a.m., and breakfast will be provided. The event is developers who need financial and technical assistance to bring transit oriented free, but registration is required. Participants will hear the latest news about development's online in Metro Chicago's Southland. funding opportunities and initiatives focused on promoting coordinated, quality investment in Chicago's Southland, an area with strong transit and rail Among the tools available this President initiative are the Southland Community connectivity. Cook County for Board Toni Preckwinkle will present the Development Loan and the SouthCounty's Suburban Land Bank, as well as keynote address onFund the future of Cook economic development resources being the specific municipalities for projects in their initiatives and theprovided BUILT inbyCook Loan Fund. CCLF President, Calvin Holmes, will be a panelist sharing information aboutconsortium the Southland Community communities. CCLF is managing the loan for this initiative which Development Fund and theCiti, consortium that will provide resources to US includes Associated Bank, Cook County Government, PNC Bank, developers who need financialCorporation and technical assistance to bring Bank, and Wintrust Financial among others that are transit willing oriented to development's online in Metro Chicago's Southland. provide the lending capital developers need in the Metro Chicago Southland
area.
Among the tools available for this initiative are the Southland Community
employees shut off three energy wasters at the end of the day: their computer, monitor and printer. CCLF is Kevin Pierce presenting committed to sustainable living atand CCLF. Photo by Tony saving energy. V. Martin
1957-2013 CCLF Remembers
KevinKevin Pierce was a AIA dynamic Pierce, spokesperson in green design and sustainable development. He devoted his professional career as an architect to green technology and worked to inspire others to take care of Pierce presenting the Kevin environment and recycle. at CCLF. Tony Kevin was a Photo regularbyworkshop V. Martin presenter for CCLF at its Building1957-2013 for Sustainability Workshop and helped develop the course. Hewas is credited with Kevin Pierce a dynamic spokesperson in green design designing Chicago's flagship and sustainable development. green building which was the HeU.S. devoted his professional first municipal structure to career as an"Platinum" architect toby green be certified the technology and worked to Leadership in Energy and inspire others to take care of Environmental Design (LEED). the environment and recycle. His was designs won multiple Kevin a regular workshop GreenWorks presenter for Awards CCLF atand its honors, for both locally and Building Sustainability nationallyand andhelped he worked at Workshop develop such aswith therenowned course. Hefirms is credited designing Owings Chicago's flagship Skidmore, and Merrill. green was building waschief the Kevin mostwhich recently first operating U.S. municipal structure officer of The to be certified "Platinum" by the Resource Center of Chicago, Leadership in Energy and an organization devoted to Environmental Design (LEED). innovative techniques for His designs won multiple recycling and reusing materials. GreenWorks Awards and He graduated from honors, both locally the and University Oregon in Eugene nationallyofand he worked at with a bachelor's renowned firms degree such asin Skidmore, Owings and Merrill. architecture and later attended Kevin was mostdevelopment recently chief a professional operating of The program atofficer the Graduate Resource School of Center Design of at Chicago, Harvard an organization devoted to University. His impact was innovative techniques for legendary among those he recycling and reusing materials. mentored and students in his He graduated from the classes. of AtOregon CCLF he a University in was Eugene friend, a leader and an with a bachelor's degree in inspiration.and He later will be truly architecture attended missed. a professional development program at the Graduate School of Design at Harvard University. His impact was legendary among those he Connect with CCLF mentored and students in his on Twitter classes. At CCLF he was a friend, a leader and an inspiration. He will be truly missed.
You can stay up to date on CCLF and other industry news and Connect events bywith following CCLF CCLF on Twitter on @cclfchicago. Twitter
Registration begin at 8:30 a.m., and breakfast will be provided. The event connectivity. will Cook County Board President Toni Preckwinkle will present the is keynote on the future of Participants Cook County's development free, but address registration is required. will economic hear the latest news about initiatives and the BUILT Cook Loan Fund.on CCLF President, Calvin Holmes, funding opportunities andininitiatives focused promoting coordinated, quality will be a panelist sharingSouthland, informationan about Community investment in Chicago's areathe withSouthland strong transit and rail DevelopmentCook FundCounty and theBoard consortium that Toni will provide resources to connectivity. President Preckwinkle will present the developers who need financial and technical assistance to development bring transit oriented keynote address on the future of Cook County's economic development's online in Metro Chicago's Southland. initiatives and the BUILT in Cook Loan Fund. CCLF President, Calvin Holmes, will be a panelist sharing information about the Southland Community Among the tools available this initiative Southland Community Development Fund and thefor consortium thatare willthe provide resources to Development Loan Fund and the South Suburban Land Bank, astransit well as developers who need financial and technical assistance to bring oriented resources being provided by the specific municipalities for projects in their development's online in Metro Chicago's Southland. communities. CCLF is managing the loan consortium for this initiative which includes Associated Bank, Citi, Cook County Government, PNC Bank, US Among the tools available for this initiative are the Southland Community Bank, and Wintrust Financial Corporation among others that are willing to Development Loan Fund the Southneed Suburban Land Bank, as well as provide the lending capitaland developers in the Metro Chicago Southland resources being provided by the specific municipalities for projects in their area. communities. CCLF is managing the loan consortium for this initiative which includes Associated Bank, Citi, Gets Cook County Bank, US Bronzeville Cookin' VisitGovernment, from Lt.PNC Governor Bank, and Wintrust Financial Corporation among others that are willing to provide the lending capital developers need in the Metro Chicago Southland area.
Bronzeville Cookin' Gets Visit from Lt. Governor
mentored and students in his missed. classes. At CCLF he was a friend, a leader and an inspiration. He will be truly Connect with CCLF missed. on Twitter Connect with CCLF Twitter You canon stay up to date on CCLF and other industry news and events by following CCLF on Twitter @cclfchicago. You can stay up to date on CCLF and other industry news and events by following CCLF Quick Links on Twitter @cclfchicago. Workshops Support Us Publications Lending Quickand Links Board Staff Building for Sustainability Workshops Support Us Publications BoardLending of Directors Board and Staff John L. Tuohy, Chair Building for Sustainability Chapman and Cutler (retired) Matthew R. Reilein, Vice Chair JPMorgan Chase & Co.
Board of Directors
Charles Walls, Treasurer John L. Tuohy, Chair ComEd Chapman and Cutler (retired)
Pictured in the center is Lt. Governor Sheila Simon during her visit to Bronzeville Cookin' June 22, 2013. Behind her is Calvin Holmes and kneeling is Bernard Loyd. Photo courtesy of Bernard Loyd
Bronzeville Cookin' was visited by Lt. Governor Sheila Simon in June to show her support for its mission by helping to decorate its Bronzeville Community Garden. She was joined by Calvin Holmes, CCLF President; Bernard Loyd, in the centerand is Lt.several Governor Sheila Simon during her visitJuncture to UrbanPictured Juncture founder; community residents. Urban Bronzeville Cookin' June 22, 2013. Behind her is Calvin Holmes and kneeling develops commercial real estate and related enterprises that address the is Bernard Loyd. Photo courtesy of Bernard LoydJuncture conceived needs of currently underserved urban communities. Urban Bronzeville Cookin' in 2009 to bring a unique dining destination the Bronzeville Cookin' was visited by Lt. Governor Sheila Simon in celebrating June to show cuisines, cultures, and communities of peoples of African descent. This project her support for its mission by helping to decorate its Bronzeville Community will provide in a family-friendly environment create jobs. Garden. Shehigh wasquality joinedfood by Calvin Holmes, CCLF President; and Bernard Loyd, Urban Juncture founder; and several community residents. Urban Juncture Kudos tothat Bronzeville develops commercial real estate and related enterprises address the Community Garden and needs of currently underserved urban communities. Urban Juncture conceived Bronzeville Bikes members Bronzeville Cookin' in 2009 to bring a unique dining destination celebrating the who helped host Mayor Rahm cuisines, cultures, and communities of peoples of African descent. This project Emanuel, center, during his will provide high quality food in a family-friendly environment and create jobs. visit of their GreenCorps Youth team. Bronzeville Community Kudos GardentoisBronzeville part of Bronzeville Community Garden and Cookin,' a CCLF borrower. Bronzeville Bikes members Photo courtesy of the city of who helped host Mayor Rahm Chicago. Emanuel, center, during his visit of their GreenCorps Youth Bronzeville Community CCLF Holds First Stakeholders team. Meeting Garden is part of Bronzeville Cookin,' a CCLF borrower. Photo courtesy of the city of Chicago.
Mohammed M. Elahi, Secretary Matthew Reilein, ViceLLC Chair Andes R. Capital Group JPMorgan Chase & Co. Thomas P. FitzGibbon, Jr. Talmer Walls, Bank and Trust Charles Treasurer ComEd Charles Daas Ravenswood Council Mohammed Community M. Elahi, Secretary Andes Capital Group LLC Erik L. Hall Citigroup Thomas P. FitzGibbon, Jr. Talmer Bank and Trust Lisa Herrera MB Financial N.A. CDC Charles Daas Ravenswood Community Council Edward J. Hoynes, CPA
Community Accounting Services Erik L. Hall Citigroup Ed Jacob Neighborhood Housing Services of Lisa Herrera Chicago MB Financial N.A. CDC Rafael M. Le贸n Edward J. Hoynes,Housing CPA Chicago Metropolitan Community Accounting Services Development Corporation Patricia McCreary EdY. Jacob Consultant Neighborhood Housing Services of Chicago Raymond S. McGaugh, Esq. McGaugh Group Rafael Law M. Le贸n Chicago Metropolitan Housing Steven Quasny Development Corporation BMO Harris Bank Patricia Y. McCreary Nancy Radner Consultant Ounce of Prevention Fund
RaymondMark S. McGaugh, Spears Esq. McGaugh Law Group The PrivateBank Steven KathrynQuasny Tholin BMO Bank Center forHarris Neighborhood Technology Nancy Radner Ounce of Prevention Fund
Staff
visit of their GreenCorps Youth team. Bronzeville Community Garden is part of Bronzeville Cookin,' a CCLF borrower. Photo courtesy of the city of Chicago.
CCLF Holds First Stakeholders Meeting
McGaugh Law Group Workshops Support Us Steven Quasny Publications BMO Harris Bank Lending Nancyand Radner Board Staff Ounce offor Prevention Fund Building Sustainability Mark Spears The PrivateBank
Board of Directors
Kathryn Tholin Center Neighborhood Johnfor L. Tuohy, Chair Technology Chapman and Cutler (retired) Matthew R. Reilein, Staff Vice Chair JPMorgan Chase & Co. Calvin L. Holmes CharlesPresident Walls, Treasurer ComEd Dana K. Peterson Mohammed M. Elahi,Officer Secretary Chief Operating Andes Capital Group LLC Jane I. Ames Thomas P. FitzGibbon, Jr. Vice President, Finance & Talmer Bank and Trust Administration
Pictured in the center is Lt. Governor Sheila Simon during her visit to Bronzeville Cookin' June 22, 2013. Behind her is Calvin Holmes and kneeling is Bernard Loyd. Photo courtesy of Bernard Loyd
Charles Daas Rob Rose Ravenswood Community Council Vice President, Lending Erik L. Hall Juan Calixto Citigroup Vice President, External Relations Lisa Herrera Mark Fick MB Financial N.A. CDC Senior Loan/Program Officer Edward J. Hoynes, CPA Wendell HarrisServices Community Accounting Senior Loan/Program Officer Ed Jacob Lycrecia ParksServices of Neighborhood Housing Senior Portfolio Management Officer Chicago
Bronzeville Cookin' was visited by Lt. Governor Sheila Simon in June to show her support for its mission by helping to decorate its Bronzeville Community Garden. She was joined by Calvin Holmes, CCLF President; Bernard Loyd, Over 50Juncture stakeholders gathered at Chicago Community LoanUrban Fund'sJuncture office June Urban founder; and several community residents. 14, 2013 tocommercial learn aboutreal its operational achievements and strategic planthe to reach develops estate and related enterprises that address $50 million in assetsunderserved by 2016 while improving its capacity. needs of currently urban communities. UrbanInvestors, Juncture funders, conceived community borrowers and board members present to reaffirmthe Bronzevillepartners, Cookin' in 2009 to bring a unique dining were destination celebrating their commitment to community stabilization and development efforts thatproject benefit cuisines, cultures, and communities of peoples of African descent. This lowto moderate-income neighborhoods. CCLF outlined its current financial will provide high quality food in a family-friendly environment and create jobs. ClariceM.Norin Rafael Le贸n position and lending practices and controls. Then encouraged its stakeholders to LoanMetropolitan Closing Officer Chicago Housing explore creative ways to strengthen its partnershipKudos with CCLF and increase their to Bronzeville Development Corporation Evelyn Turner investment to help CCLF fill the gaps in development projectsGarden and finance Community and Loan Closing Officer Patricia Y. McCreary alternative models of development. Key to this success will be the involvement of Bronzeville Bikes members Consultant new investors committed to neighborhood preservation and revitalization. To who helped host Mayor Rahm Lincoln Stannard explore investment opportunities, please contact Jane Ames, Vice President Lending AssociateEsq. Emanuel, center, during hisof Raymond S. McGaugh, Finance and Administration, at (312) 252-0444. visit of their GreenCorps Youth McGaugh Law Group Kallie Rollenhagen team. Bronzeville Community Technical Assistance Program Officer Steven Quasny CCLF Noteworthy Garden is part of Bronzeville BMO Harris Bank Bettye Claggette Cookin,' a CCLF borrower. Finance & Nancy Radner Photo courtesy of the city of Thank You to Funders and Investors Accounting Associate Ounce of Prevention Fund Chicago. For their recent grants, CCLF thanks ComEd, JPMorgan Chase Foundation, Searle Funds at The Chicago Community Trust, Meeting The Northern Trust Company CCLF Holds First Stakeholders and The PrivateBank. For their recent investments and renewals, CCLF thanks Amalgamated Bank and the Wintrust Financial Corporation's family of banks which include: Barrington Bank & Trust, Old Plank Trail Community Bank N.A., North Shore Community Bank & Trust Company and Wheaton Bank & Trust Company.
Elizabeth Ginsberg Mark Spears Finance The & Administration PrivateBank Assistant Maureen Kathryn McQuilkin Tholin Program Assistant Center for Neighborhood Technology
Consultants Staff
Torrence Moore CalvinConsultant L. HolmesSenior President Special Initiatives Dana Peterson ChelsiK.Cicekoglu Chief Operating Lender Officer Jane I. Ames Writers/Editors Vice President, Finance & Administration Juan Calixto Alyce Eaton Rob Rose Peterson ViceDana President, Lending Kallie Rollenhagen Clarice Norin Juan Calixto
Vice President, External Relations
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Photo courtesy of the city of Searle Funds at The Chicago Community Trust, The Northern Trust Company Chicago. and The PrivateBank. For their recent investments and renewals, CCLF thanks Amalgamated Bank CCLF Holds First Stakeholders Meeting and the Wintrust Financial Corporation's family of banks which include: Barrington Bank & Trust, Old Plank Trail Community Bank N.A., North Shore Community Bank & Trust Company and Wheaton Bank & Trust Company.
Finance & Administration Assistant Ounce of Prevention Fund Maureen McQuilkin Mark Spears Program Assistant The PrivateBank
Consultants
Kathryn Tholin Center for Neighborhood Torrence Moore Technology Senior Consultant Special Initiatives
Staff
Chelsi Cicekoglu Calvin L. Holmes Lender President
Writers/Editors Dana K. Peterson
Chief Operating Officer Juan Calixto Alyce Jane I.Eaton Ames Dana Peterson Vice President, Finance & Kallie Rollenhagen Administration Clarice Norin Rob Rose Vice President, Lending
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Salsedo Press Juan Calixto Vice President, External Relations
Mark Fick Donate to CCLF Senior Loan/Program Officer
Over 50 stakeholders gathered at Chicago Community Loan Fund's office June We need Wendell your financial Harris support 14, 2013 to learnDavid aboutMasters, its operational achievements and strategic President, Northbrook Bank & Trust plan to reach to provide targeted technical Senior Loan/Program Officer and $50 million in assets by 2016 Financial while improving its capacity. Investors, financial assistance that Company/Wintrust Corporation and Teresa Handley,funders, community partners, borrowers and board members weremakes present to reaffirm empowers community-based Lycrecia Parks Vice President, Wintrust Financial Corporation a $3 developers to help create Senior Portfolio Management Officer their commitment to community stabilization development efforts that benefit million investmentand in CCLF. communities where people low- to moderate-income neighborhoods. CCLF outlined its current financial Clarice Norin thrive. position and lendingNews practices and controls. Then encouraged its stakeholders to Loan Closing Officer Staff & Board explore creative ways to strengthen its partnership with CCLF and increase their You can support our work with a CCLF welcomes Ailisa M. Herrera of MB investment to help CCLF fill the gaps in development projects and finance secure Evelyn online Turner donation via Financial Bank to our Board of Directors. Loan Closing Officer alternative models of development. Key to this success will be the involvement of PayPal. Ms. Herrera serves as Vice President of the new investors committed to neighborhood preservation and revitalization. To Lincoln Stannard Community Development Corporation for explore investment opportunities, please contact Jane Ames, Vice President of Lending Associate the bank and has over 20 years of Finance and Administration, at (312) 252-0444. experience in finance, sales, and business Kallie Rollenhagen development in residential, commercial real Technical Assistance Program Officer CCLF Noteworthy estate and community development lending. Bettye Claggette CCLF also welcomes to its staff Juan Finance & Calixto, Vice President, External Relations, Thank You to Funders and Investors Accounting Associate Wendell Harris, Senior Loan/Program Elizabeth Ginsberg Officer and Evelyn Turner, Loan Closing For their recent grants, CCLF thanks ComEd, JPMorgan Chase Foundation, Finance & Administration Assistant Officer. Searle Funds at The Chicago Community Trust, The Northern Trust Company and The PrivateBank. CCLF's Vice President of Lending, Rob Rose, joined the board of The Law For theirhas recent investments and renewals, CCLF thanks Amalgamated Bank Project which provides free, expert and the Wintrust Financial Corporation's family of banks which include: legal assistance support community Barrington Bank to & Trust, Old Plank Trail Community Bank N.A., North New Board Member Ailisa Shore Herrera development efforts led by entrepreneurs Community Bank & Trust Company and Wheaton Bank & Trust Company. and nonprofit organizations that generally do not have the resources to pay for legal services. Rob also joined the Mercy Loan Fund NMTC Advisory Board. CCLF's Senior Loan/ Program Officer, Mark Fick, joined Big Crowdfunding Advisory Board, an award-winning economic development organization in West Woodlawn and a thought leader in sustainable community development for communities of color with a focus on the African American community. Jane Ames, Vice President of Finance & Administration, served on the Host Committee for the U.S. Social Impact CCLF welcomes new staff members Conference held in May. Juan Calixto, Evelyn Turner and Wendell Harris
Maureen McQuilkin Program Assistant
Consultants Torrence Moore Senior Consultant Special Initiatives Chelsi Cicekoglu Lender
Writers/Editors Juan Calixto Alyce Eaton Dana Peterson Kallie Rollenhagen Clarice Norin
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Credit Memos: CCLF lends $5.52 million in 2nd Quarter Blue Chair Capital, LLC received $110,700 in mini-permanent financing to preserve two affordable rental single family homes in South Burnside and Washington Heights. loanPresident, is part of Northbrook the Cook County Preservation David This Masters, Bank & Trust Compact. Thanks to NicholeFinancial Lopez-Tackett, Maria A.Teresa Alevras-Chen Company/Wintrust Corporation and Handley, and Daniel Whitmore of Vice Mayer Brown Wintrust LLP for Financial serving as CCLF's counsel President, Corporation makes aon $3this
Donate to CCLF We need your financial support to provide targeted technical and financial assistance that empowers community-based
a thought in sustainable focus on the Africanleader American community.community development for communities Jane Ames, Vice President of Finance &of color with a focus served on the African American community. Administration, on the Host Jane Vice President of Finance & Committee for Ames, the U.S. Social Impact Administration, Conference held in May. served on the Host CCLF welcomes new staff members Committee for the U.S. Social ImpactJuan Calixto, Evelyn Turner and CCLF welcomes Wendell Harris new staff members Conference held in May. Juan Calixto, Evelyn Turner and
Credit Memos: CCLF lends $5.52 million in 2nd Quarter Wendell Harris
Kallie Rollenhagen Clarice Norin
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Donate to CCLF
We need your financial support
Credit Memos: CCLF lends million in 2nd Quarterto provide targeted technical and Blue Chair Capital, received $110,700 in$5.52 mini-permanent DavidLLC Masters, President, Northbrook Bank & Trust financing to preserve two affordable rental single family homes in South financial assistance that Company/Wintrust Financial Corporation and Teresa Burnside Handley, and Blue Chair Capital, LLC received $110,700 in mini-permanent financing toempowers community-based Washington Heights. This loan is part of the Cook County Preservation Vice President, Wintrust Financial Corporation makes a $3 two affordable rental single family in Southand Burnside Compact.preserve Thanks to Nichole Lopez-Tackett, A.homes Alevras-Chen Danieland developers to help create million investment inMaria CCLF. Heights. loan is part of the Cook County Whitmore Washington of Mayer Brown LLPThis for serving as CCLF's counsel on thisPreservation communities where people thrive. Compact. Thanks to Nichole Lopez-Tackett, Maria A. Alevras-Chen and Daniel transaction. Staff & Board News Whitmore of Mayer Brown LLP for serving as CCLF's counsel on this You can support our work with a CCLF welcomes Ailisa M. Herrera of MB transaction. Lots in Common received a $410,000 mini-permanent loan to preserve 12 secure online donation via Financial Bank to our Board of Directors. units of affordable cooperative housing in Hyde Park. Thanks to Maria AlverasPayPal. Ms. Herrera serves as Vice President of the in Common received a $410,000 to preserve 12 Chen andLots Nichole Lopez-Tackett of Mayer Brownmini-permanent LLP for servingloan as CCLF's Community Development Corporation for affordable cooperative housing in Hyde Park. Thanks to Maria Alverascounsel onunits this of transaction. the bank and has over 20 years of Chen and Nichole Lopez-Tackett of Mayer Brown LLP for serving as CCLF's experience in finance, sales, and business counsel on this transaction. Ascendance Capital Partners I, LCC received three mini-permanent loans of development in residential, commercial real $2,400,000, $1,800,000 and $800,000 to preserve community facility space in estate and community development lending. Ascendance Capital Partners I, LCCThanks received mini-permanent loans of Woodlawn, Grand Boulevard and South Shore. to three Jeff Gray and CCLF also welcomes to its staff Juan $2,400,000, $1,800,000 and $800,000 Carmen Albert of Edward Wildman Palmer LLPtoforpreserve serving community as CCLF's facility space in Calixto, Vice President, External Relations, Grand Boulevard and South Shore. Thanks to Jeff Gray and counsel onWoodlawn, this transaction. Wendell Harris, Senior Loan/Program Carmen Albert of Edward Wildman Palmer LLP for serving as CCLF's Officer and Evelyn Turner, Loan Closing counsel on this transaction. Officer. CCLF's Vice President of Lending, Rob Rose, has joined the board of The Law Project which provides free, expert legal assistance to support community New Board Member Ailisa Herrera development efforts led by entrepreneurs and nonprofit organizations that generally do not have the resources to pay for legal services. Rob also joined the Mercy Loan Fund NMTC Advisory Board. CCLF's Senior Loan/ Program Officer, Mark Fick, joined Big The mission of the Chicago Community Loan Fund is to provide flexible, Crowdfunding Advisory Board, an affordable and responsible financing and technical assistance for community award-winning economic development Theand mission of the Chicago Loan is tolowprovide stabilization development efforts Community and initiatives thatFund benefit to flexible, organization in West Woodlawn and affordable and responsible financing and individuals technical assistance moderate-income neighborhoods, families and throughoutfor community a thought leader in sustainable community stabilization and development efforts and initiatives that benefit low- to metropolitan Chicago. development for communities of color with a moderate-income neighborhoods, families and individuals throughout focus on the African American community. metropolitan Chicago. Jane Ames, Vice President of Finance & Administration, served on the Host Committee for the U.S. Social Impact CCLF welcomes new staff members Conference held in May. Juan Calixto, Evelyn Turner and Wendell Harris
Credit Memos: CCLF lends $5.52 million in 2nd Quarter Blue Chair Capital, LLC received $110,700 in mini-permanent financing to preserve two affordable rental single family homes in South Burnside and Forward email to a Friend/Colleague Washington Heights. This loan is part of the Cook County Preservation Compact. Thanks to Nichole Lopez-Tackett, Maria A. Alevras-Chen and Daniel Forward email to a Friend/Colleague Whitmore of Mayer Brown LLP for serving as CCLF's counsel on this transaction.
This email was sent to info@cclfchicago.org by jcalixto@cclfchicago.org | Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Lots in Common received a $410,000 mini-permanent loan to preserve 12 Chicago Community Fund | 29 East Madison St, Suite 1700 | Chicago | IL | 60602 This email Loan was sent to (CCLF) info@cclfchicago.org by jcalixto@cclfchicago.org | units of affordable cooperative housing in Hyde Park. Thanks to Maria AlverasUpdate Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy.
Chen and Nichole Lopez-Tackett of Mayer Brown LLP for serving as CCLF's
Chicago Community Loan Fund (CCLF) | 29 East Madison St, Suite 1700 | Chicago | IL | 60602 THIS IS A TESTon EMAIL ONLY. counsel this transaction.
This email was sent by the author for the sole purpose of testing a draft message. If you believe you have received the message in THIS IS Athe TEST EMAIL ONLY. error, please contact author by replying thisreceived message. Constant Contact takes reports of abuse very seriously. If you wish to Ascendance Capital Partners I, to LCC three mini-permanent loans of This email was sent by the author for the sole purpose of testing a draft message. If you believe you have received the message report abuse, please forward this message to abuse@constantcontact.com. $2,400,000, $1,800,000 and $800,000 to preserve community facility space in error, pleaseGrand contact the author bySouth replying to this message. Constant Contact takes reports of abuse very seriously. If you wish Woodlawn, Boulevard and Shore. Thanks to Jeff Gray and report abuse, forward this message toLLP abuse@constantcontact.com. Carmen Albertplease of Edward Wildman Palmer for serving as CCLF's counsel on this transaction.