cclfchicago.org
Loan Application Review Process | Chicago Community Loan Fund
http://www.cclfchicago.org/lending/review
Loan Application Review Process. The Chicago Community Loan Fund considers each applicant's project feasibility, management and financial strength, as well as social impact criteria, when evaluating loan requests. In reviewing applications, CCLF staff weighs the overall impact of the loan on the community and organization, balancing the depth and breadth of each benefit. How does the project benefit low-income people in terms of employment, housing or services provided, and how many people will benefit?
cclfchicago.org
Chicago Community Loan Fund
http://www.cclfchicago.org/portfolio/project-profiles
A $2,600,000 permanent financing loan. Enabled Genesis Group 5800 Inc. to refinance an affordable housing building in the Washington Park neighborhood. CCLF’s loan allowed the developer to preserve the structure, which serves 30 households at or below 50% residential affordability, at a time when many small developers are having difficulty finding funding in the current lending market. Genesis Group 5800 Inc. Bridging the financing gap to preserve affordable housing in underserved community areas. This $...
cclfchicago.org
Predevelopment Loan | Chicago Community Loan Fund
http://www.cclfchicago.org/lending/predevelopment-loan
Predevelopment loans are short-term, usually the first dollars into a project, and often the most difficult type of financing to access because they cover expenses accrued even before construction begins. Such soft costs include: land or building acquisition, site stabilization, interim maintenance, environmental surveys, appraisals, taxes, insurance coverage, as well as legal, architectural and consultant fees. TERM OF LOAN: 2-year maximum. REPAYMENT: Monthly interest-only payments. Must be engaged in c...
cclfchicago.org
Why Invest in CCLF? | Chicago Community Loan Fund
http://www.cclfchicago.org/support-us/invest
Why Invest in CCLF? By investing with CCLF, you share tangibly in financing positive change in low- and moderate-income communities across the six counties of metropolitan Chicago. CCLF prudently manages your investment while underwriting community projects in affordable and supportive housing, social services and economic development projects that provide employment opportunities and goods and services for neighborhood residents. 2013 Annual Financial Report. 2012 Annual Financial Report. Although inves...
cclfchicago.org
Overview of Loan Products | Chicago Community Loan Fund
http://www.cclfchicago.org/lending/loan-products
Overview of Loan Products. CCLF offers a variety of loan products, and our underwriting is flexible enough to consider most requests that are a mission-fit:. Short-term loans for expenses incurred before construction begins, including land or building acquisition, site stabilization, interim maintenance, environmental surveys, appraisals, and legal and architects’ fees. Construction and Rehabilitation Loans. Short-term loans used to build or rehabilitate a structure. Equipment and Working Capital Loans:.
cclfchicago.org
Building for Sustainability | Chicago Community Loan Fund
http://www.cclfchicago.org/assistance/building-for-sustainability
Building for Sustainability: Design for the Long Term. CCLF encourages the use of energy-efficient building standards and environmentally friendly materials in the design and construction of community real estate developments. Toward this end, CCLF is pleased to offer several sustainable design resources to help CDCs and housing cooperatives create well-designed, cost-efficient affordable housing and facilities:. In 2009, CCLF launched a dynamic new online resource,. Building for Sustainability Workshop.
cclfchicago.org
Lending Criteria | Chicago Community Loan Fund
http://www.cclfchicago.org/lending/criteria
CCLF finances projects across metropolitan Chicago that revitalize neighborhoods, promise high positive social impact, incorporate sustainable design practices and have the potential to leverage significant additional investments from other sources. CCLF often works with challenging but promising projects that other financial institutions will not or cannot finance. Illinois) Chicago metropolitan area, and meet the following criteria:. Project has collateral or guarantor. Interest rates vary over time, b...
cclfchicago.org
Social Impact | Chicago Community Loan Fund
http://www.cclfchicago.org/portfolio/social-impact
Chicago Community Loan Fund (CCLF) plays a unique role in community development throughout Chicagoland: our loans often fill credit gaps that few other lenders can or will cover, such as complete financing for very small projects or gaps in larger projects. A Record of Growth and Results. Since its founding in 1991, CCLF has grown from an initial investment of $200,000 to more than $40 million under management. To date, CCLF has closed more than $95 million in community development financing. Thi...CCLF ...
cclfchicago.org
Technical Assistance | Chicago Community Loan Fund
http://www.cclfchicago.org/assistance
Our technical assistance program, designed specifically with new and emerging organizations in mind, provides tools for negotiating the challenging and rewarding process of developing community-oriented real estate. Through our ‘high-touch’ approach we help give organizations the guidance necessary to ensure their projects succeed. Access time-sensitive development advice and referrals free of charge- online. At] cclfchicago [dot] org. Or by phone (312) 252-0440 x 101. At] cclfchicago [dot] org. Providin...
cclfchicago.org
Properties | Chicago Community Loan Fund
http://cclfchicago.org/properties
CCLF does not have any properties at the moment. Calvin Holmes and CCLF Customer, Bronzeville Cookin' in new Bank of America video. CCLF Partner Glen Fulton (Greater Englewood Community Development Corporation) talks with ABC 7 about development in Englewood, including Englewood Square. CCLF Borrower, Bubbly Dynamics, Featured on WTTW. Upcoming 25th Anniversary Celebration. Great Video on Upcoming CCLF financed project, Englewood Square. Site designed and built by Tamarack Media. Photos by Steve Becker.
SOCIAL ENGAGEMENT