Chicago Community Loan Fund
Chicago Community Loan Fund — Chicago Community Loans Fund provides flexible, affordable, and responsible financing and technical assistance for community stabilization and development.
About Chicago community loans fund
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The mission of the Chicago Community Loans Fund is to provide flexible, affordable, and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families, and individuals throughout metropolitan Chicago.
CCLF was founded in 1991 by a group of visionary social investment advocates. Their aim was to create a nimble, flexible nonprofit lender who would fill the community development credit gaps as they emerged across the city and region. In particular, CCLF was created to ensure that Chicagoland community developers (including small and emerging groups) would have a lender to turn to for harder-to-underwrite projects and enterprises.
Chicago community loans fund address and contact
Located: 29 East Madison Building
Address: 29 E Madison St Ste 1700, Chicago, IL 60602, United States
Phone: +1 312-252-0440
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Also, Chicago Community Loan Fund provides low-cost, flexible financing and hands-on technical assistance to community development organizations for affordable housing, economic/commercial development & social service/nonprofit facility initiatives.
Industry: Financial Services
Headquarters: Chicago, Illinois
Specialties: Affordable Housing, Community Facilities, Predevelopment Finance, Technical Assistance, Sustainable Building, Cooperatives, Mortgage Loans, and Training.
Chicago community loans fund Mission: Chicago Community Loan Fund provides flexible, affordable, and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families, and individuals throughout metropolitan Chicago.
How Chicago community loans fund works:
Individual and institutional investors concerned about the social dividend of their investments place funds in CCLF at or below market rate, creating a pool of loan capital dedicated to improving the lives of people in disinvested communities. CCLF, in turn, re-lends this capital at a rate close to or at prime to finance community organizations’ development projects.