Chicago Community Loan Fund: Difference between revisions
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'''Chicago Community Loan Fund''' (CCLF) is a certified |
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'''Chicago Community Loan Fund''' (CCLF) provides flexible financing to nonprofit community development organizations for the revitalization of low- and moderate-income neighborhoods throughout metropolitan Chicago. As a not-for-profit revolving loan fund, CCLF provides financing for development projects promising high social impact which for-profit, regulated financial institutions generally do not provide. |
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== Mission & Focus == |
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CCLF further distinguishes itself by catering especially to the needs of small and emerging organizations by providing “high-touch” technical assistance as well as reasonably priced, flexible loan products. |
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CCLF's mission, as stated on its website, is "to provide low cost, flexible financing to community development organizations... throughout metropolitan Chicago."<ref>[http://cclfchicago.org/about/index.html "Our Mission"]</ref> Its focus is on providing loans to agencies engaged in planning and building affordable housing, but it also lends money to organizations that support environmental sustainability, such as Chicago's nonprofit car-sharing program, [[I-GO]]. |
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The loan fund offers a variety of technical assistance services, such as regular (about 4 per year) Project Readiness Workshops, which it describes as "intensive" all-day "sessions that provide an overview of the complexities and requirements involved in launching and sustaining a successful real estate development project,"<ref>[http://cclfchicago.org/assistance/prw.html Project Readiness Workshops]</ref> and yearly Building for Sustainability seminars at the [http://www.cityofchicago.org/Environment/GreenTech/ Chicago Center of Green Technology] |
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CCLF, founded in 1991, is a certified |
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== References == |
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<references/> |
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== External links == |
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[http://cclfchicago.org/about/index.html Chicago Community Loan Fund (CCLF) official site] |
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[http://archives.chicagotribune.com/2007/oct/07/business/chi-green_ja_re_10-07oct07 "Green building program targets affordable housing," Chicago Tribune, October 7, 2007] |
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Revision as of 15:16, 17 March 2009
Chicago Community Loan Fund (CCLF) is a certified Community development financial institution (CDFI) that makes small to mid-size loans to organizations in the Chicago area.
Mission & Focus
CCLF's mission, as stated on its website, is "to provide low cost, flexible financing to community development organizations... throughout metropolitan Chicago."[1] Its focus is on providing loans to agencies engaged in planning and building affordable housing, but it also lends money to organizations that support environmental sustainability, such as Chicago's nonprofit car-sharing program, I-GO.
The loan fund offers a variety of technical assistance services, such as regular (about 4 per year) Project Readiness Workshops, which it describes as "intensive" all-day "sessions that provide an overview of the complexities and requirements involved in launching and sustaining a successful real estate development project,"[2] and yearly Building for Sustainability seminars at the Chicago Center of Green Technology
References
External links
Chicago Community Loan Fund (CCLF) official site
"Green building program targets affordable housing," Chicago Tribune, October 7, 2007
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