Portfolio Map

Revere Properties has chosen Greater Grand Crossing (GGC) as its Community of Greatest Need under NSP. Their efforts target a subset of the neighborhood called “The Pocket”. The neighborhood surrounds the Paul Revere Elementary Church and includes 1,000 living units, five churches, one community organization and several local businesses. On their initial search they uncovered 62 vacant and foreclosed properties. Revere properties has been currently allocated two properties under the Neighborhood stabilization program.

Through the federal government's Neighborhood Stabilization Project (NSP), 7622 S Cregier is a gut rehab of an existing Chicago 2 BD bungalow home in South Shore. Improvements include replacement of all major HVAC, electrical, plumbing and roofing systems, interior demolition & restoration, addition of 2nd bathroom and a 3rd bedroom. This project is co-funded by the Historic Chicago Bungalow Association and will restore the architectural characteristics and historic Chicago Bungalow features. This bungalow project has full support from the City and the Mayor’s Office.

This project consists of a 67-unit, three-story walk-up apartment building in the Grand Boulevard community that contains a mix of one-, two-, three- and four-bedroom units, serving low- to moderate-income households. The project was placed in service and fully occupied in 2005.

CCLF financed the predevelopment of this transit-oriented mixed-use development, which helped POAH leverage $20,000,000 in additional financing for the project. The project consists of 65,000 square feet of retail space, with two anchor stores on the northern and southern parts of the development and infill specialty retail corner nodes. In addition, the development will have over 420 mixed-income housing units.

CCLF provided a working capital loan to Neighborscapes to cover program operating expenses until payment is received from the organization's Cook County contract. Neighborscapes provides job training in landscape services and other service opportunities through its Civic Leadership Corps and Green Job Training programs. The organization operates with a strong focus on community building and leadership development for the youth.

Gramot Partners utilized a predevelopment loan for expenses such as architectural design, engineering, financing fees, permits, insurance, legal fees, title and recording fees, appraisal reports and market studies.

CCLF provided a loan for construction and permanent financing for this mixed-use project in North Lawndale. The project contains 26 affordable rental units and 5,000 of square feet of commercial space. All of the units are affordable residential housing, with half of the units reserved for residents making 50% of the area median income (AMI), and the other half for residents at 60% of AMI.

CCLF provided a predevelopment loan for this mixed-use development, which will feature a medical clinic and related medical office space, affordable rental housing, community space and a park in the Bronzeville community.

CCLF's loan contributed to the rental portion of the Parkside of Old Town housing development. The rental phase consists of one midrise building that will include 20 market-rate units, 53 affordable rental units, and 39 rental units of replacement CHA housing.

The loan to East Lake Management allowed them to preserve affordable housing units financed with the LIHTC program.

CCLF provided a predevelopment loan to help construct an affordable housing development for senior citizens in the historic Pullman District of Chicago. The Pullman Suites will be a 6-story mid-rise apartment building containing 60 one-bedroom units, targeting seniors earning less than 50% of the area median income (AMI).

CCLF provided the Quad Communities Arts and Recreation Center with the predevelopment funding to begin construction on the state-of-the-art 85,000 square foot arts and recreation center that will provide amenities, programs and facilities for the residents of the North Kenwood and Oakland communities. The Center will focus on recreational programs that emphasize athletics and academics equally, as well as collaborative arts activities that foster community and highlight excellence.

CCLF provided a predevelopment loan for the construction of a mixed-used building with 98 senior rental units and approximately 14,620 squre feet of retail space, including off-street resident and retail parking.

This property is used to house adults with autism who had been receiving residential support services at a location leased by Rimland Services. The purchase of this property allowed Rimland to reduce their need for rental units at a time when rents were increasing throughout the region.

A housing cooperative loan for NASCO Properties allowed them to acquire three residential properties located in the Hyde Park community. NASCO provides affordable, shared housing for undergraduate and graduate students of University of Chicago, as well as for other single working people. This structure provides for the creation of a strong community atmosphere and the opportunity to participate in the governance and ownership of housing.

CCLF provided financing for predevelopment soft costs and deconstruction associated with the development of a two-story commercial building and adjacent parking lot. The final project, Cuisine of the Diaspora, will feature five individual restaurant venues and create a destination point for casual fine dining in Bronzeville.

CCLF's loan to Hesed House Cooperative allowed them to acquire a new property in Little Village. The property will be used as limited-equity cooperative housing for its four member households, and will be self-managed as an intentional, shared-space community.

This minipermanent mortgage allowed Rimland Services to purchase a single-family home in Evanston, IL, that provides housing in a community setting for adults with autism.

CCLF loan funds were used to cover expenses associated with the stabilization and refinancing of the Racine Courts Cooperative, a 121-unit limited-equity affordable housing cooperative serving households at 30% and 50% of median income.

A predevelopment/construction loan from CCLF allowed the Englewood Housing Group to construct 40 new rental units on approximately 12 scatted parcels of land in the Englewood community. These 40 new units will serve families at or below 60% of Area Median Income (AMI) in the Englewood community.

CCLF's loan allowed CTVN the ability to have permanent administrative and activity space for youth empowerment and education projects using digital media. CTVN serves nearly 500 youth annually with a variety of unique programs.

CCLF's loan helped Mt. Vernon Missionary Baptist Church cover the expense of electrical work on a three-story, 40,000 square foot community facility.

LUCHA utilized CCLF funds to rehabilitate and preserve four expired LIHTC properties, totaling 47 units of affordable housing serving households earning 50% of area median income (AMI).

CCLF provided a minipermanent mortgage loan to Growing Home, a transitional employment program, for the construction of the Wood Street Urban Farm. This facility includes 3 hoop houses for the cultivation of edible plants, and a two-story building for offices and cleaning and processing of vegetables. The farm will be utilized as a site to provide further employment skills, as well as providing fresh produce to an underserved area of Chicago.

The Fellowship Educational and Economic Development Corporation (FEED) received a predevelopment loan from CCLF to redevelop the property of the old Johnson and Johnson/ L’Oreal facility off the Dan Ryan Expressway into a park-like environment featuring a youth development center and retail and office space. The project will transform this underutilized property into a retail destination for this south side neighborhood.

The Resurrection Project (TRP) is a not for profit community development corporation formed by the merger of Interfaith Community Organization and the Pilsen Resurrection Development Corporation. The loan to TRP allowed them to purchase the property at 1714 West 19th Street, complete a substantial rehab of the building, and make all 5 units available to low-income households.

This loan provided the Resource Center with working capital while it awaited invoices from the City of Chicago. The Resource Center contracts with the City of Chicago to provide recycling pick up services to a number of CHA developments, including Altgeld Gardens, LeClaire Courts, Hilliard Homes, Wells/Washington Park, Trumbell and Lathrop Homes.

After a large disinvestment, CCLF became involved with Shorebank Tri-Fund to ensure that the Lake Park Shopping Center succeeded. This neighborhood shopping center contains 3 one- and two-story, multi-tenant retail buildings. The total gross building area is approximately 96,000 square feet on 4.33 acres, with 80,000 square feet of leasable space.

A community development corporation started by the People Church of God In Christ received a loan from CCLF to cover the soft costs of a 12-unit mixed-income condominium development located at West Fifth Avenue and South St. Louis in the East Garfield Park neighborhood.

Back of the Yards Neighborhood Council, a 67-year-old nonprofit serving Chicago’s southwest side, sought a predevelopment loan for a large mixed-use development in Brighton Park. The project, to be developed at 3146-56 West 47th Street, consists of approximately 60 apartment units for seniors aged 62 and older at 60% of AMI or below. In addition, the project will provide a daycare center for children ages 2-5 and after school programs.

The Geneva Foundation consolidated an existing CCLF loan ($254,291) and Executive Director’s loan to the organization ($202,393) in order to reduce monthly debt payments and put the organization in a better position to attract funders.

A predevelopment and construction loan that was used to rehab 2 multifamily buildings to preserve 21 affordable rental units for families earning between 80% of AMI or less, and expand the capacity of an MBE general contractor that provides jobs for ex-offenders.

Bronzeville Emporium received a construction/rehab loan to renovate a historic 1880’s Italianate town home located at 3525 South King Drive (the gateway to Bronzeville) into a mixed-use commercial property. The 4,000 square foot property has a total of 4 units, and a front and rear yard.

This predevelopment loan was used to help preserve 30 units of affordable housing in Uptown. Voice of the People plans to preserve these units as permanently affordable housing through complete acquisition from the remaining partners.

When tightening credit markets stalled their traditional financing options, a loan from CCLF helped AAFS create a permanent social service presence in their community by financing the acquisition of their program and office space. Arab American Family Services (AAFS) helps clients break through language and culture barriers they face when seeking social services.

Good Shepherd utilized a predevelopment loan to help advance a project that included 39 units of new construction development on vacant city-owned land primarily on the east side of the 5600 block of Prairie Avenue in Washington Park.

Wisdom Bridge Arts Project (WBAP) sought a CCLF loan in order to purchase the former Wisdom Bridge Theater property, demolish the vacant building, hold the property while a development plan was completed, and invest the asset in a future partnership that will include WBAP and Stage Development.

One of the goals of this predevelopment loan is to create and implement plans to enhance the growth and economic well-being of the Village of Riverdale and its residents. The project is intended to revitalize and redevelop the 138th Street Industrial Corridor with a focus on strengthening and improving the targeted area to support industrial and commercial expansion.

Genesis Housing Development Corporation (GHDC) requested a predevelopment loan from CCLF to pay for expenses it would incur as it pursued construction financing for its North Washington Park Homes project. The development consists of up to 55 newly constructed homes priced from $165,000 to $230,000, and utilizes conventional financing along with development subsidies from the city's New Homes for Chicago program.

Breaking Ground received this loan to purchase and rehab a 2-flat building and purchase 2 vacant lots adjacent to the property to be used for parking. The rehab will be used primarily for extra office space for Breaking Ground on the first floor. The second floor of the building will be used for transitional housing for ex-offenders working with APL Teaching Factory. The Teaching Factory was started in 1998 to provide adults, particularly ex-offenders, with the job training and basic skills they need for a first step in a career.

This minipermanent mortgage for HUB’s building supports a residential co-op whose members advocate for the increased use of bicycles as environmentally sound transportation. HUB provides affordable housing to its resident members and enables them to practice and model sustainable living. Their building now incorporates a living roof. CCLF Project Profile: http://cclfchicago.org/portfolio/hub-housing-cooperative

Spaulding Collective received a minipermanent mortgage for the refinance and minor rehabilitation of two adjacent 3-unit buildings in the Logan Square neighborhood. The Spaulding Collective is a 15 year old, self-managed affordable housing collective.

The Phoenix Cooperative provides very affordable housing to families in the North of Howard section of Rogers Park. They utilized a $350,000 housing cooperative loan from CCLF to establish a maintenance and replacement reserve account for the building.

This minipermanent mortgage loan to Rimland Services for the purchase of a single-family home in Maywood, IL provides housing in a community setting for adult women with autism.

This minipermanent mortgage loan to Rimland Services for the purchase of a single-family home in Evanston, IL provides housing in a community setting for adult women with autism.

A housing cooperative loan allowed the Logan Square Cooperative to purchase and cooperatively manage a multi-unit property in the rapidly gentrifying Logan Square neighborhood.

Salsedo Press, Inc., a minority owned cooperative printing firm in the East Garfield Park community of Chicago, received a CCLF equipment/ working capital loan to purchase several dozen pieces of printing equipment to modernize and reduce production time.

Featherfist is an established non-profit social service agency that provides supportive services, case management, shelter and residential facilities for homeless individuals and families. They received a predevelopment loan from CCLF for developing a new 13,750 s.f., $2.2 million, multi-purpose masonry-and-glass facility that will house their current administrative operations and allow for expansion of the program administration staff.

Good News Partners, a faith-based umbrella organization, was able to refinance their mortgage and renovate one of their properties, which contained a 4-unit limited equity housing cooperative called the Bos, as well as 2 affordable rent units in the Rogers Park community area in Chicago.

CCLF's $450,000 housing cooperative loan to the Freedom Road Cooperative allowed them to acquire their six-flat building. Under pressure from the seller to buy the building or relocate, CCLF's loan enabled six families to remain in the neighborhood they had called home for over a decade.

CCLF provided a $355,000 loan to Stone Soup Cooperative in support of the organization's "Joy and Justice" mission. The loan helped SSC expand its membership and stake an ownership claim in the increasingly gentrifying Uptown neighborhood.

Stone Soup Cooperative utilized a housing cooperative loan from CCLF to purchase a residential building in the McKinley Park neighborhood. The benefits of this purchase allowed for the expansion of the cooperative and retained local residence for an organization that is committed to preserving affordable housing for low- and moderate-income families.

CCLF provided a $144,000 loan to Ignatia House, run by the Catholic Church's Ignatia Foundation, to purchase and convert a mixed-use building into office space and transitional housing for women recovering from alcohol and chemical dependency.

After moving 7 times over 23 years, the Mustard Seed of Chicago Inc., which provides meeting space for Alcoholic Anonymous (AA) meetings, needed assistance in purchasing a new permanent facility. With the help of a mini-permanent mortgage from CCLF, Mustard Seed was able to purchase their new facility and continue offering its services to a predominantly low-income population.