Lending

CCLF financing often makes the crucial difference in whether a compelling development project is able to move forward or not. CCLF is often the first to commit money to a project with out predevelopment financing, paving the way for other lenders and funders to feel comfortable participating. CCLF's financing is flexible enough to meet the needs of unorthodox or untested projects, and we can fill financing gaps in larger projects responsively and quickly. 

CCLF offers 6 types of loans:

• Predevelopment Loan    
• Construction Loan
• Minipermanent Mortgage Loan   
• Housing Cooperative Loan
• Equipment / Working Capital Loan
• For-Profit Predevelopment or Construction Loan

If you would like to find out if your project could be financed by CCLF, please review our lending criteria and lending process, then fill out a loan inquiry form.

Focus corridors

CCLF has learned that certain neighborhoods need a more intense concentration of effort and resources to see a measurable change over time. CCLF has identified three such Chicago neighborhoods and designated them as "focus communities": North Lawndale, Englewood and Woodlawn. CCLF has also identified two suburban focus corridors in low-wealth north lakefront communities and the suburbs of southern Cook County.