UPDAT E Fall/Winter 2001
Saving the Dream INSIDE: A look at our fun-filled 10th Anniversary Celebration! A vision for Chicago Heights—a faith-based organization at work. Do you know what your investment dollars are working for? Become a CCLF investor and make a difference in your community.
Mission CCLFlow-cost, Logo flexiTo provide ble financing to community development organizations engaged in affordable housing, social service and economic development initiatives that benefit low– to moderate -income neighborhoods throughout metropolitan Chicago.
29 East Madison Steet Suite 1700 Chicago, IL 60602 312.252.0440 tel 312.345.0099 fax Ccclf@aol.com
Maywood— Growing up is not easy, especially in these uncertain times; it is even more difficult when young people lack needed guidance, support or resources. Ivan Riley was determined to make a difference, so he began to sponsor outings and activities for local youth. He soon recognized the need for a more formal organization that would help at-risk youth negotiate the challenges, but also enjoy the fun, of growing up.
The goal is to help young people become responsible, successful adults...who can also enjoy their lives and make their dreams come true. — Ivan Riley Executive Director
Maybe that is why founding executive director, Riley, dubbed his project, The Dream Center. When Riley needed a facility, the late Dr. George & Camille Sassu, longtime Maywood residents, stepped up to the plate and donated a former animal hospital. Unfortunately, the Dream Center fell into jeopardy when the facility was assessed incorrectly and the property taxes were subsequently purchased by one of Cook County’s largest tax buyers. After an arduous legal battle, CCLF worked with The Dream Center
Riley envisions a community/youth center that offers parenting classes, entrepreneurship training, literacy and computer classes, even “rites of passage” programs for young boys. against a looming deadline, and extended a $51,000 loan to pay outstanding tax arrears; as well as provide additional monies for required buildout that would facilitate a much needed child care center in the facility. After overcoming its legal hurdles and opening the child care center, what is in store for The Dream Center? “A family fun center, additional after-school programs, a bowling alley, and possibly a skating rink,” says Riley. In collaboration with the Greater Food Depository, the center will also provide emergency food assistance to families in need.
Chicago Community Loan Fund (CCLF) Presents its “Green” Workshop Tuesday, December 18, 2001 - 8:30 am - 1:00 pm @ UIC This unique workshop will feature strategies for developing affordable housing that is energy efficient and environmentally friendly including Where to find architects, contractors and consultants with “green” expertise as well as information regarding public and private grant programs specifically for building green. For registration contact: Christophe Ringer at 312.252.0440x207 or Ccclf@aol.com
A special thanks to attorneys, Todd Bloomquist and Bill Takahashi, at Winston & Strawn for serving as CCLF’s legal counsel on this transaction. Devereux Bowly, Esq. of the Legal Assistance Foundation of Metropolitan Chicago A special thanks to for serving as The Dream Center’s legal counsel.
Look Inside and Experience our 10th Anniversary Celebration!