Board of Directors Chair: Rafael M. León Vice Chair: Patricia Y. McCreary Treasurer: Edward J. Hoynes, CPA Secretary: Susan Kaplan, Esq. Charles F. Daas Mohammed Elahi Toya Horn Howard Ed Jacob Rev. Dr. B. Herbert Martin Glenn M. Mazade Raymond S. McGaugh, Esq. Richard Peabody Nancy Radner Matthew R. Reilein Maria Saldaña Kathryn Tholin John L. Tuohy, Esq.
cCLF
Chicago Community Loan Fund
Making the critical difference
Community blueprint
CCLF newsletter of chicago community development projects, issues & features
shining bright for 15 years CCLF celebrates in style at the grand ballroom
Fannie Lou Hamer award inaugurated
thank you, 15th anniversary sponsors!
Staff Calvin L. Holmes, Executive Director Michael L. Bradley, Director of Finance & Administration Rhonda McFarland, Director of Lending Mark Fick, Senior Loan/Program Officer Tiffany Lee, Senior Portfolio/Program Officer Rose Seremala, Office Manager Sarah Berke, External Relations Associate Rebecca Baron, Program Associate David Theiss, LVC Program Assistant Cheryl Hester, Receptionist CREDITS Editor/LAYOUT Sarah Berke CONTRIBUTORS Sarah Berke, Rebecca Baron, David Theiss cONSULTANT Cat Dean PHOTOGRAPHY Tony V. Martin, Robin Phillips DESIGN Patt Kelly PRINTER Salsedo Press
Dr. Thabiti Cartman’s leadership was both ordinary and extraordinary.
visionary
A chiropractor and community leader in the South Shore neighborhood, Dr. Cartman had a clear vision of rehabbing his own South Shore Health Center building to spur additional economic development in the area.
innovators
sustainers
Builders Bank Citibank Community Development Granite Companies
Chicago Community Loan Fund 29 E. Madison, Suite 1700 Chicago, IL 60602-4115 www.cclfchicago.org Making the critical difference Member of Opportunity Finance Network
LaSalle Bank National City Northern Trust
Chicago’s own gentlemen of leisure provided entertainment
Nonprofit Organization U.S. Postage PAID Permit #6510 Chicago, IL
Woodlawn — Some will remember the dancer on stilts. Others will remember the music. Yet others will think back to the regional, national, and neighborhood-level leaders who shared their insights from the podium.
A high point of the evening’s program was federal CDFI Fund Director Arthur A. Garcia, who
register now! next project readiness workshop: Tues. Dec. 5
CCLF’s next trademark “primer” for community development will be held at our Loop offices. For information or to register, call 312.252.0440, ext. 205.
formally presented CCLF with a $585,000 Financial Assistance/ Technical Assistance Award.
Everyone, however, will agree that Chicago Community Loan Fund’s Shining Bright for 15 Years anniversary celebration was a great success! Nearly 300 guests gathered on September 28, 2006, at the beautifully restored Grand Ballroom in Chicago’s Woodlawn neighborhood.
1st deputy commissioner of housing — and cclf alum—stephen maduli-williams
Dr. Cartman was recognized as the inaugural recipient of the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s anniversary celebration September 28. see “cartman” on Page 2 >>
dr. thabiti h.n. cartman in 2002
FA L L 2 0 0 6 CDFI Fund director art garcia presented cclf with a $585,000 award
As it marks its 15th anniversary, CCLF has much to celebrate. Since 1991, CCLF has made loans totaling $23.6 million: leveraging more than $460 million in additional investment in low-wealth Chicagoland communities and helping build or preserve homes for more than 3,000 families. Originally conceived in 1988 as a response to identified community development credit gaps in Chicago, CCLF remains committed to filling these gaps and identifying opportunities that benefit lowand moderate-income people. see “cCLF SHINes” on page 2>>
Inside this Issue
• Shining Bright for 15 Years photo gallery • CCLF recognized for coop housing work • Recent honors for board and staff • Credit memos • Meet our new staff Mission
To provide low cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development initiatives that benefit low–to moderate-income neighborhoods and families throughout metropolitan Chicago. CONTACT INFO
29 East Madison Street, Suite 1700 Chicago, IL 60602-4115 312.252.0440 tel 312.252.0419 fax info@cclfchicago.org www.cclfchicago.org
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cartman is hamer honoree from Page 1
cclf shines
from Page 1
Executive Director Calvin L. Holmes proclaimed, “CCLF has a unique lending niche as the best fit at the right time for projects, large and small, that provide a high social impact for the communities that need it the most!”
CCLF Noteworthy Editor’s Note: Community Blueprint includes regular profiles, recognizing our friends’ financial, in-kind and programmatic contributions.
FAT Group received an $85,000 predevelopment/rehab loan to preserve 9 units of rental housing affordable to very-low-income households in North Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.
NICHE IN THE CHICAGO REGION AS THE BEST FIT AT THE RIGHT TIME FOR PROJECTS, LARGE AND SMALL, THAT PROVIDE A HIGH SOCIAL IMPACT FOR THE
Though the retail market in his corner of South Shore was far from certain, and though he had little real estate development experience, Dr. Cartman risked his own assets to take on the project. CCLF conceived the Fannie Lou Hamer Award for Grassroots Community Development to recognize individuals who work tirelessly, in a multifaceted way, to improve their community’s quality of life.
ing more than 50 jobs. It appears that the rehabilitation of the South Shore Health Center building has also influenced development nearby: a large apartment building has recently been rehabbed, a local grocer reopened, and a new coffee house opened this summer. Tragically, Dr. Cartman died in a boating accident last year just as his vision was beginning to come to fruition. His wife Carla and son Ayinde accepted the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s 15th anniversary celebration on his behalf.
He saw his building as a spark for more retail, commercial and residential development along the Exchange Avenue corridor to the south. With a $75,000 predevelopment loan (since repaid) from CCLF in 2002, the project was underway. The development includes an improved health center and will bring in 5-6 new retail tenants, ultimately creating or retain-
COMMUNITIES THAT NEED IT THE MOST! “ – CALVIN L. HOLMES, EXECUTIVE DIRECTOR
Joining Holmes and Garcia on the podium were Master of Ceremonies Juan Ramirez, the artistic director of CCLF borrower Latino Chicago Theater Company; Stephen Maduli-Williams, First Deputy Commissioner of the Chicago Department of Housing (and a former CCLF staff member); and Pat Wilcoxen, the president of borrower Woodlawn Development Associates. To conclude the program, Allen A. Rodriguez of Charter One Bank, the event’s Visionary sponsor, joined CCLF board chair Rafael M. León to present the inaugural Fannie Lou Hamer award to the late Dr. Thabiti Cartman’s family (see accompanying story). See this issue’s special photo gallery insert for scenes from the celebration!
WaMu steps up support Cheryl Wilson and Melissa Borino of Washington Mutual stopped by the August 9 CCLF board meeting to present directors and staff with a $75,000 grant. WaMu’s renewed and increased giving to CCLF this year supports operations, two special capacity-building initiatives and the 15th anniversary celebration. For more information about supporting CCLF’s work, call 312.252.0440, ext. 202, or email info@cclfchicago.org.
congratulations! Susan Kaplan, CCLF board secretary and director of the Community Economic Development Law Project, was awarded the 2006 Esther Rothstein Award by the Lawyers Trust Fund of Illinois. The award recognizes Susan’s dedication in her career to the cause of equal access to justice.
Ayinde and Carla Cartman
THE fannie lou hamer award fed chairman Ben bernanke and Calvin holmes (back; 6th and 8th from right) with 2006 Opportunity Finance network board
CCLF’s Fannie Lou Hamer Award for Grassroots Community Development was conceived to recognize individuals (and their organizations) who are based in a challenged Chicagoland community and work tirelessly, in a multifaceted way, to improve their community’s quality of life. The award’s namesake, Fannie Lou Hamer (1917-1977), was considered by some to be the soul of the civil rights movement in Mississippi. Mrs. Hamer championed the importance of diffuse leadership, believing that each individual’s involvement made the movement stronger. CCLF similarly believes that it is often ordinary citizens—like the inaugural awardee, Dr. Cartman—who are best positioned to improve and lead their communities to positive change.
Calvin L. Holmes, CCLF’s executive director, was reelected to the board of the Opportunity Finance Network, CCLF’s national trade association.
CCLF consultant & actor cat dean welcomed guests to the event on stilts
Development Corporation. Congratulations also to Mark on his recent marriage!
credit memos
“CCLF HAS A UNIQUE LENDING
l-r: Mark Pinsky, Art Garcia, Juan Ramirez, Ayinde Cartman, Carla Cartman, Calvin Holmes, Allen Rodriguez, Stephen Maduli-Williams, rafael leon.
Making the critical difference
Mark Fick, Senior Loan/Program Officer at CCLF, was elected to the board of the Campus Cooperative
Geneva Foundation received a $410,000 minipermanent loan for an adolescent group home in Humboldt Park. Special thanks to Richard Williams at Vedder Price Kaufman & Kammholz for serving as CCLF’s counsel on this transaction. Greater Bethlehem Housing Development Corporation received a $250,000 predevelopment loan to build up to 36 units of mixed-income housing in East Garfield Park. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction.
cclf’s cooperative spirit Logan Square Cooperative (LSC) recently presented CCLF with an Award of Excellence in recognition of our support for affordable housing development and the growth of housing cooperatives in Chicagoland.
Lsc purchased this 8-unit building in 2001 with the help of a cclf loan
Mark Fick, Senior Loan/ Program Officer and CCLF’s resident coop expert, accepted the award at the coop’s annual open house.
welcome to the team!
Lawndale Douglas LLC received a $300,000 construction loan to preserve 21 rental units as affordable housing in North Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction. Oakwood Boulevard Associates LLC obtained a $350,000 predevelopment loan to build approximately 380 rental and 325 for-sale mixed-income units in Kenwood/Oakland. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction. Rebirth of Englewood CDC obtained a $184,000 construction loan to build the first 5 of a planned 550 new affordable single family home development. Special thanks to Ted Tuerk at McDermott Will & Emery for serving as CCLF’s counsel on this transaction. The Resource Center obtained a $40,000 equipment and working capital loan for its recycling and creative reuse initiatives.
David Theiss, Rhonda McFarland, Rebecca Baron
Rhonda McFarland became CCLF’s new Director of Lending in October. A former CCLF board member and loan committee chair, she manages CCLF’s lending and technical assistance programs. Rebecca Baron joined the loan fund in September as CCLF’s new Program Associate, coordinating investor relations and supporting the finance and administration program. David Theiss, Program Assistant, joined the loan fund in August for a one-year term, courtesy of the Lutheran Volunteer Corps. He assists the lending and TA programs.
3
special insert: 15th anniversary photo Gallery
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pictured: 1)Heather Parish, Teresa Prim, deborah bennett; 2)david-anthony powell, djuana stoakley, cynthia parrott; 3)Richard & Karen Williams ; 4)Stephen MaduliWilliams, kevin jackson; 5)alex gardner; 6)Toya Horn Howard; 7)ART GARCIA, MICHAEL BRADLEY, CALVIN HOLMES; 8)Kathy Tholin, Rafael Leon, Dan Broughton; 9)mari gallagher, Tom feltner, geoff smith; 10)cheryl wilson, antonio manning, melissa borino; 11)ed jacob; 12)andy mooney, vern stockton, joni baird, 13)ed hoynes, sara jo light.
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special insert: 15th anniversary photo gallery
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Pictured: 1)Ambar Mentor; 2)Christophe Ringer, Calvin L. Holmes; 3)Patricia Wilcoxen; 4)eVELYN dIAZ & iSABEL; 5)Juan Ramirez; 6) bill jones, lYNN & kATIE sASAMOTO, craig mizushima; 7)sARAH bERKE & aNDY hESTNESS; 8)Mattie Butler, Juanita Burris; 9) MAURICE LEE, 5TH WARD ALDERMAN LESLIE HAIRSTON, alex gardner; 10) lAUREN rOBINSON, mICHAEL bRADLEY; 11)Allen Rodriguez, mary fran riley; 12)hervenia mitchell, gene moreno, rachel johnston; 13)joni baird, juan rivera; 14) MaRK fICK.
5
2
cartman is hamer honoree from Page 1
cclf shines
from Page 1
Executive Director Calvin L. Holmes proclaimed, “CCLF has a unique lending niche as the best fit at the right time for projects, large and small, that provide a high social impact for the communities that need it the most!”
CCLF Noteworthy Editor’s Note: Community Blueprint includes regular profiles, recognizing our friends’ financial, in-kind and programmatic contributions.
FAT Group received an $85,000 predevelopment/rehab loan to preserve 9 units of rental housing affordable to very-low-income households in North Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.
NICHE IN THE CHICAGO REGION AS THE BEST FIT AT THE RIGHT TIME FOR PROJECTS, LARGE AND SMALL, THAT PROVIDE A HIGH SOCIAL IMPACT FOR THE
Though the retail market in his corner of South Shore was far from certain, and though he had little real estate development experience, Dr. Cartman risked his own assets to take on the project. CCLF conceived the Fannie Lou Hamer Award for Grassroots Community Development to recognize individuals who work tirelessly, in a multifaceted way, to improve their community’s quality of life.
ing more than 50 jobs. It appears that the rehabilitation of the South Shore Health Center building has also influenced development nearby: a large apartment building has recently been rehabbed, a local grocer reopened, and a new coffee house opened this summer. Tragically, Dr. Cartman died in a boating accident last year just as his vision was beginning to come to fruition. His wife Carla and son Ayinde accepted the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s 15th anniversary celebration on his behalf.
He saw his building as a spark for more retail, commercial and residential development along the Exchange Avenue corridor to the south. With a $75,000 predevelopment loan (since repaid) from CCLF in 2002, the project was underway. The development includes an improved health center and will bring in 5-6 new retail tenants, ultimately creating or retain-
COMMUNITIES THAT NEED IT THE MOST! “ – CALVIN L. HOLMES, EXECUTIVE DIRECTOR
Joining Holmes and Garcia on the podium were Master of Ceremonies Juan Ramirez, the artistic director of CCLF borrower Latino Chicago Theater Company; Stephen Maduli-Williams, First Deputy Commissioner of the Chicago Department of Housing (and a former CCLF staff member); and Pat Wilcoxen, the president of borrower Woodlawn Development Associates. To conclude the program, Allen A. Rodriguez of Charter One Bank, the event’s Visionary sponsor, joined CCLF board chair Rafael M. León to present the inaugural Fannie Lou Hamer award to the late Dr. Thabiti Cartman’s family (see accompanying story). See this issue’s special photo gallery insert for scenes from the celebration!
WaMu steps up support Cheryl Wilson and Melissa Borino of Washington Mutual stopped by the August 9 CCLF board meeting to present directors and staff with a $75,000 grant. WaMu’s renewed and increased giving to CCLF this year supports operations, two special capacity-building initiatives and the 15th anniversary celebration. For more information about supporting CCLF’s work, call 312.252.0440, ext. 202, or email info@cclfchicago.org.
congratulations! Susan Kaplan, CCLF board secretary and director of the Community Economic Development Law Project, was awarded the 2006 Esther Rothstein Award by the Lawyers Trust Fund of Illinois. The award recognizes Susan’s dedication in her career to the cause of equal access to justice.
Ayinde and Carla Cartman
THE fannie lou hamer award fed chairman Ben bernanke and Calvin holmes (back; 6th and 8th from right) with 2006 Opportunity Finance network board
CCLF’s Fannie Lou Hamer Award for Grassroots Community Development was conceived to recognize individuals (and their organizations) who are based in a challenged Chicagoland community and work tirelessly, in a multifaceted way, to improve their community’s quality of life. The award’s namesake, Fannie Lou Hamer (1917-1977), was considered by some to be the soul of the civil rights movement in Mississippi. Mrs. Hamer championed the importance of diffuse leadership, believing that each individual’s involvement made the movement stronger. CCLF similarly believes that it is often ordinary citizens—like the inaugural awardee, Dr. Cartman—who are best positioned to improve and lead their communities to positive change.
Calvin L. Holmes, CCLF’s executive director, was reelected to the board of the Opportunity Finance Network, CCLF’s national trade association.
CCLF consultant & actor cat dean welcomed guests to the event on stilts
Development Corporation. Congratulations also to Mark on his recent marriage!
credit memos
“CCLF HAS A UNIQUE LENDING
l-r: Mark Pinsky, Art Garcia, Juan Ramirez, Ayinde Cartman, Carla Cartman, Calvin Holmes, Allen Rodriguez, Stephen Maduli-Williams, rafael leon.
Making the critical difference
Mark Fick, Senior Loan/Program Officer at CCLF, was elected to the board of the Campus Cooperative
Geneva Foundation received a $410,000 minipermanent loan for an adolescent group home in Humboldt Park. Special thanks to Richard Williams at Vedder Price Kaufman & Kammholz for serving as CCLF’s counsel on this transaction. Greater Bethlehem Housing Development Corporation received a $250,000 predevelopment loan to build up to 36 units of mixed-income housing in East Garfield Park. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction.
cclf’s cooperative spirit Logan Square Cooperative (LSC) recently presented CCLF with an Award of Excellence in recognition of our support for affordable housing development and the growth of housing cooperatives in Chicagoland.
Lsc purchased this 8-unit building in 2001 with the help of a cclf loan
Mark Fick, Senior Loan/ Program Officer and CCLF’s resident coop expert, accepted the award at the coop’s annual open house.
welcome to the team!
Lawndale Douglas LLC received a $300,000 construction loan to preserve 21 rental units as affordable housing in North Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction. Oakwood Boulevard Associates LLC obtained a $350,000 predevelopment loan to build approximately 380 rental and 325 for-sale mixed-income units in Kenwood/Oakland. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction. Rebirth of Englewood CDC obtained a $184,000 construction loan to build the first 5 of a planned 550 new affordable single family home development. Special thanks to Ted Tuerk at McDermott Will & Emery for serving as CCLF’s counsel on this transaction. The Resource Center obtained a $40,000 equipment and working capital loan for its recycling and creative reuse initiatives.
David Theiss, Rhonda McFarland, Rebecca Baron
Rhonda McFarland became CCLF’s new Director of Lending in October. A former CCLF board member and loan committee chair, she manages CCLF’s lending and technical assistance programs. Rebecca Baron joined the loan fund in September as CCLF’s new Program Associate, coordinating investor relations and supporting the finance and administration program. David Theiss, Program Assistant, joined the loan fund in August for a one-year term, courtesy of the Lutheran Volunteer Corps. He assists the lending and TA programs.
Board of Directors Chair: Rafael M. León Vice Chair: Patricia Y. McCreary Treasurer: Edward J. Hoynes, CPA Secretary: Susan Kaplan, Esq. Charles F. Daas Mohammed Elahi Toya Horn Howard Ed Jacob Rev. Dr. B. Herbert Martin Glenn M. Mazade Raymond S. McGaugh, Esq. Richard Peabody Nancy Radner Matthew R. Reilein Maria Saldaña Kathryn Tholin John L. Tuohy, Esq.
cCLF
Chicago Community Loan Fund
Making the critical difference
Community blueprint
CCLF newsletter of chicago community development projects, issues & features
shining bright for 15 years CCLF celebrates in style at the grand ballroom
Fannie Lou Hamer award inaugurated
thank you, 15th anniversary sponsors!
Staff Calvin L. Holmes, Executive Director Michael L. Bradley, Director of Finance & Administration Rhonda McFarland, Director of Lending Mark Fick, Senior Loan/Program Officer Tiffany Lee, Senior Portfolio/Program Officer Rose Seremala, Office Manager Sarah Berke, External Relations Associate Rebecca Baron, Program Associate David Theiss, LVC Program Assistant Cheryl Hester, Receptionist CREDITS Editor/LAYOUT Sarah Berke CONTRIBUTORS Sarah Berke, Rebecca Baron, David Theiss cONSULTANT Cat Dean PHOTOGRAPHY Tony V. Martin, Robin Phillips DESIGN Patt Kelly PRINTER Salsedo Press
Dr. Thabiti Cartman’s leadership was both ordinary and extraordinary.
visionary
A chiropractor and community leader in the South Shore neighborhood, Dr. Cartman had a clear vision of rehabbing his own South Shore Health Center building to spur additional economic development in the area.
innovators
sustainers
Builders Bank Citibank Community Development Granite Companies
Chicago Community Loan Fund 29 E. Madison, Suite 1700 Chicago, IL 60602-4115 www.cclfchicago.org Making the critical difference Member of Opportunity Finance Network
LaSalle Bank National City Northern Trust
Chicago’s own gentlemen of leisure provided entertainment
Nonprofit Organization U.S. Postage PAID Permit #6510 Chicago, IL
Woodlawn — Some will remember the dancer on stilts. Others will remember the music. Yet others will think back to the regional, national, and neighborhood-level leaders who shared their insights from the podium.
A high point of the evening’s program was federal CDFI Fund Director Arthur A. Garcia, who
register now! next project readiness workshop: Tues. Dec. 5
CCLF’s next trademark “primer” for community development will be held at our Loop offices. For information or to register, call 312.252.0440, ext. 205.
formally presented CCLF with a $585,000 Financial Assistance/ Technical Assistance Award.
Everyone, however, will agree that Chicago Community Loan Fund’s Shining Bright for 15 Years anniversary celebration was a great success! Nearly 300 guests gathered on September 28, 2006, at the beautifully restored Grand Ballroom in Chicago’s Woodlawn neighborhood.
1st deputy commissioner of housing — and cclf alum—stephen maduli-williams
Dr. Cartman was recognized as the inaugural recipient of the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s anniversary celebration September 28. see “cartman” on Page 2 >>
dr. thabiti h.n. cartman in 2002
FA L L 2 0 0 6 CDFI Fund director art garcia presented cclf with a $585,000 award
As it marks its 15th anniversary, CCLF has much to celebrate. Since 1991, CCLF has made loans totaling $23.6 million: leveraging more than $460 million in additional investment in low-wealth Chicagoland communities and helping build or preserve homes for more than 3,000 families. Originally conceived in 1988 as a response to identified community development credit gaps in Chicago, CCLF remains committed to filling these gaps and identifying opportunities that benefit lowand moderate-income people. see “cCLF SHINes” on page 2>>
Inside this Issue
• Shining Bright for 15 Years photo gallery • CCLF recognized for coop housing work • Recent honors for board and staff • Credit memos • Meet our new staff Mission
To provide low cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development initiatives that benefit low–to moderate-income neighborhoods and families throughout metropolitan Chicago. CONTACT INFO
29 East Madison Street, Suite 1700 Chicago, IL 60602-4115 312.252.0440 tel 312.252.0419 fax info@cclfchicago.org www.cclfchicago.org