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CCLF E-NEWSLETTER OF COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES Winter/2010

CCLF Expanding Building for Sustainability Program serves Chicagoland community developers

CCLF has been committed to supporting environmentally sustainable projects throughout the Chicago metropolitan region since we published our first Guide to Building for Sustainability in 2001. Since then, CCLF's Building for Sustainability program has continued to grow.

In 2009, CCLF converted our guide into the format of a website resource at greenaffordable.org. The site contains resources and tools for developers who want to incorporate "green" technology in their projects, and is updated as new technologies and strategies evolve.

CCLF hired Elizabeth Richards (LEED Green Associate) as our Vice President of Technical Assistance & Sustainability in 2010, giving the program even more capacity than ever before. CCLF is working with regional efforts to provide energy efficiency retrofit financing, including the Center for Neighborhood Technology, Lake County, and the Kane County Revolving Loan Fund for Energy Efficiency.

"This is such an active time for Chicago in the areas of sustainability, energy efficiency and healthy communities," says Richards. "We're excited to bring new resources to our clients and their projects, and I particularly look forward to utilizing our partnerships to move new initiatives forward."

To find out more about CCLF's Building for Sustainability programming or for technical assistance and resources, email erichards@cclfchicago.org or visit www.greenaffordable.org.

In This Issue Building for Sustainability Woodlawn Park Carbon Nation

Logan Square Kitchen Achieves LEED Gold

Photo by Ingrid Bonne

Congratulations to CCLF borrower Logan Square Kitchen, who has been awarded a LEED (Leadership in Energy and Environmental Design) Gold rating from the US Green Building Council!

POAH Breaks Ground on Woodlawn Park Leaders celebrate new project, remember Bishop Brazier

Il State Representative Kenneth Dunkin and members of the Grove Parc Tenants Association participate in the ceremonial wall-raising

Federal, state and city officials, legislators, residents, developers and other stakeholders gathered in October to celebrate Woodlawn Park (formerly Grove Parc), a project of Preservation of Affordable Housing (POAH). The wall-raising ceremony included remarks by 20th Ward Alderman Willie Cochran, 1st District Congressional Rep. Bobby Rush, IL State Senator Kwame Raoul, POAH president Amy Anthony, LISC- Chicago Executive Director Andy Mooney, JPMorgan Chase's Pat Nash and Teresa Walton, president of the Grove Parc Tenants Association.

Rendering of Woodlawn Park, courtesy of POAH

homes, new surroundings."

The new Woodlawn Park will include 420 units of mixedincome housing, 67 new affordable rental housing units and 80,000 square feet of retail space.

Says Walton, "A lot of people have been here through the good, bad. People deserve to have new

Many honored Bishop Arthur Brazier, who passed away a few days before the ceremony, and had worked to preserve affordable housing for residents of Woodlawn for more than 50 years. "It is important to remember how much he helped bring us all together," said Anthony.

CCLF provided a $1 million predevelopment loan to POAH for the project.

Opportunities The Kane County Revolving Loan Fund for Energy Efficiency is accepting applications for energy efficiency and conservation loans. For more information, visit CCLF's website.

Mercy Portfolio Services has released new RFPs for the City of Chicago's NSP2 program, seeking various real estate services, including appraisers and asset managers. Go to chicagonsp.org for more information.

The next Chicago Neighborhood Development Awards will be held on Tuesday, February 11.

Visit NCRC's Policy Action Central for more information about financial reform and CRA modernization, at ncrc.org.

Board of Directors John L. Tuohy, Esq. Chair Chapman and Cutler (retired) Susan Kaplan, Esq., Vice Chair The Law Project (retired) Charles Walls, Treasurer ComEd

PNC Invests $2 Million

New investment will support stabilization efforts PNC Bank recently made a new $2 million investment in CCLF's loan pool. This new investment will increase CCLF's ability to provide critical capital to communities that need it most. The new investment will primarily support CCLF's lending in the City of Chicago's Neighborhood Stabilization Program (NSP), helping to meet our liquidity needs for this initiative.

"As a CCLF investor, PNC is helping to bring economic prosperity and stability to more neighborhoods throughout metropolitan Chicago," says Tony Smith, Market Manager at PNC. "We are excited to support CCLF's stabilization efforts, which NSP home in Garfield Park. (Photo: will help to preserve previous community Steve Becker) investments and promote new growth in these communities." CCLF provides NSP loans to qualified developers, who then rehab foreclosed homes in targeted neighborhoods, getting them back on the market as soon as possible.

Carbon Nation Film Screening

Film discusses solutions-based approach to climate change issues CCLF recently partnered with the Center for Neighborhood Technology (CNT) to host a screening of the recent documentary Carbon Nation, produced

by CNT board member Karen Weigert.

Carbon Nation is a positive, solutionsbased film about tackling climate change while boosting the economy, increasing energy security and promoting good health. More than 40 guests took in the film, and we received feedback that it was "inspiring" and "opened a discussion about what I can do to help."

CNT, one of CCLF's regional partners, is a leader in the promotion of urban sustainability, providing research and services in transportation and community development, energy, natural resources and climate change.

CNT Energy, a division of CNT, was recently selected by the Chicago Metropolitan Agency for Planning to coordinate the implementation of a $25 million federal grant for energy efficiency retrofits over the next three years. For more information about this and other CNT programs, visit www.cnt.org. To find out more about Carbon Nation screenings and the documentary itself, visit carbonnationmovie.com.

CCLF Noteworthy Congratulations, Mark!

Congratulations to Senior Loan/Program Officer Mark Fick for reaching his 5-year anniversary on the CCLF staff. We appreciate Mark's commitment to our customers, and his creativity and leadership.

Mohammed M. Elahi, Secretary Andes Capital Group LLC Charles F. Daas Cambodian American Heritage Museum Toya Horn Howard, Esq. Real Estate Attorney Edward J. Hoynes, CPA Community Accounting Services Ed Jacob Neighborhood Housing Services of Chicago Rafael M. Le贸n Chicago Metropolitan Housing Dev. Corp.

Glenn M. Mazade Charter One Bank Patricia Y. McCreary Seaway National Bank Raymond McGaugh, Esq. Finance Attorney Steven Quasny Harris Bank Nancy Radner, Esq. Chicago Alliance to End Homelessness Matthew R. Reilein JPMorgan Chase & Co. Kathryn Tholin Center for Neighborhood Technology

Staff Calvin L. Holmes President Jane I. Ames Vice President, Finance & Administration Rhonda McFarland Vice President, Lending Elizabeth C. Richards Vice President, Technical Assistance & Sustainability Mark Fick Senior Loan/Program Officer Paul Gakhal Senior Loan/Program Officer

Annual Report Online CCLF's 2009-2010 Annual Report, Preserve, Stabilize, Revitalize, is available to view at cclfchicago.org. We challenged ourselves to become even more environmentally friendly and sustainable in our practices in the creation of the report. It has been thoughtfully designed for electronic viewing, with a limited print run. The online version will allow you to browse through the pages on your screen, or you can download the report for saving and printing.

Welcome, Steve Steve Quasny, Vice President and Managing Director of Community Development Lending and Investments at Harris Bank, was recently elected to CCLF's board.

Steve has more than 15 years of work and board experience in community development, including with the City of Chicago and NHS Redevelopment Corporation, in addition to his work at Harris.

Thank You to Funders and Investors For their recent grants, CCLF thanks Chicago Community Trust, JPMorgan Chase Foundation, Charter One Foundation, MetLife Foundation, ComEd, US Bancorp Foundation, HSBC-North America and Marquette Bank.

For their recent investment renewals or increases, CCLF thanks PNC Bank, First Savings Bank of Hegewisch, Catholic Health Initiatives and Congregation of the Sisters of St. Agnes.

Credit Memos: CCLF Lends $3.17 Million Avalon Investment Solutions Company received a $290,000 construction loan to rehab a property in Austin as part of the City of Chicago NSP. Breaking Ground, Inc. received a $235,000 construction loan to rehab a property in North Lawndale as part of the City of Chicago NSP. Genesis Housing Development Corporation received a $239,000 construction loan to rehab a property in South Shore as part of the City of Chicago NSP. Anchor Group, Ltd. of Illinois received $233,000, $264,000, and $357,000 construction loans to rehab properties in Humboldt Park as part of the City of Chicago NSP. KMA Holdings III, LLC received $294,000 and $415,000 construction loans to rehab properties in Austin as part of the City of Chicago NSP. Chicago Neighborhood Initiatives, Inc. received $357,500, $246,500 and $246,000 construction loans to rehab properties in Pullman as part of the City of Chicago NSP.

Clarice Norin Loan Closing/Portfolio Officer Juanita Walker Office Manager Emily Moen External Relations Associate Angela Bennett Finance & Administration Associate Kate McInerney Lending Program Assistant Lincoln Stannard Finance & Administration Assistant Benjamin Gorsky Lending Program Assistant

Credits Editor/Layout Emily Moen Printer Salsedo Press

Donate to CCLF We need your financial support to provide targeted technical and financial assistance that empowers community-based developers to help create communities where people thrive.

You can support our work with a secure donation at www.cclfchicago.org.

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