CCLF%20Fall%202006-web

6
FANNIE LOU HAMER AWARD INAUGURATED Dr. Thabiti Cartman’s leadership was both ordinary and extraordinary. A chiropractor and community leader in the South Shore neighborhood, Dr. Cartman had a clear vision of rehab- bing his own South Shore Health Center building to spur additional eco- nomic development in the area. Dr. Cartman was recognized as the inaugural recipient of the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s anniversary celebration September 28. SEE “CARTMAN” ON PAGE 2 >> Woodlawn — Some will remember the dancer on stilts. Others will remember the music. Yet others will think back to the regional, national, and neighborhood-level leaders who shared their insights from the podium. Everyone, however, will agree that Chicago Community Loan Fund’s Shining Bright for 15 Years anni- versary celebration was a great success! Nearly 300 guests gathered on September 28, 2006, at the beauti- fully restored Grand Ballroom in Chicago’s Woodlawn neighborhood. A high point of the evening’s program was federal CDFI Fund Director Arthur A. Garcia, who formally presented CCLF with a $585,000 Financial Assistance/ Technical Assistance Award. As it marks its 15th anniversary, CCLF has much to celebrate. Since 1991, CCLF has made loans total- ing $23.6 million: leveraging more than $460 million in addi- tional investment in low-wealth Chicagoland communities and helping build or preserve homes for more than 3,000 families. Originally conceived in 1988 as a response to identified commu- nity development credit gaps in Chicago, CCLF remains committed to filling these gaps and identify- ing opportunities that benefit low- and moderate-income people. SEE “CCLF SHINES” ON PAGE 2>> CCLF COMMUNITY BLUEPRINT SHINING BRIGHT FOR 15 YEARS CCLF CELEBRATES IN STYLE AT THE GRAND BALLROOM FALL 2006 INSIDE THIS ISSUE • Shining Bright for 15 Years photo gallery • CCLF recognized for coop housing work • Recent honors for board and staff • Credit memos • Meet our new staff MISSION To provide low cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development initia- tives that benefit low–to moderate-income neighborhoods and families throughout metropolitan Chicago. CONTACT INFO 29 East Madison Street, Suite 1700 Chicago, IL 60602-4115 312.252.0440 tel 312.252.0419 fax [email protected] www.cclfchicago.org CHICAGO’S OWN GENTLEMEN OF LEISURE PROVIDED ENTERTAINMENT CDFI FUND DIRECTOR ART GARCIA PRESENTED CCLF WITH A $585,000 AWARD CCLF NEWSLETTER OF CHICAGO COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES 1ST DEPUTY COMMISSIONER OF HOUSING — AND CCLF ALUM—STEPHEN MADULI-WILLIAMS DR. THABITI H.N. CARTMAN IN 2002

description

http://cclfchicago.org/sites/default/files/sponsors/CCLF%20Fall%202006-web.pdf

Transcript of CCLF%20Fall%202006-web

Fannie Lou Hamer award inauguratedDr. Thabiti Cartman’s leadership was both ordinary and extraordinary.

A chiropractor and community leader in the South Shore neighborhood, Dr. Cartman had a clear vision of rehab-bing his own South Shore Health Center building to spur additional eco-nomic development in the area.

Dr. Cartman was recognized as the inaugural recipient of the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s anniversary celebration September 28.

See “CArTmAn” on PAGe 2 >>Woodlawn — Some will remember the dancer on stilts. others will remember the music. Yet others will think back to the regional, national, and neighborhood-level leaders who shared their insights from the podium.

everyone, however, will agree that Chicago Community Loan Fund’s Shining Bright for 15 Years anni-versary celebration was a great success!

nearly 300 guests gathered on September 28, 2006, at the beauti-fully restored Grand Ballroom in Chicago’s Woodlawn neighborhood.

A high point of the evening’s program was federal CDFI Fund Director Arthur A. Garcia, who

formally presented CCLF with a $585,000 Financial Assistance/Technical Assistance Award.

As it marks its 15th anniversary, CCLF has much to celebrate. Since 1991, CCLF has made loans total-ing $23.6 million: leveraging more than $460 million in addi-tional investment in low-wealth Chicagoland communities and helping build or preserve homes for more than 3,000 families.

originally conceived in 1988 as a response to identified commu-nity development credit gaps in Chicago, CCLF remains committed to filling these gaps and identify-ing opportunities that benefit low- and moderate-income people.

See “CCLF SHIneS” on PAGe 2>>

nonprofit organizationU.S. Postage

PAIDPermit #6510Chicago, IL

Chicago Community Loan Fund

29 e. madison, Suite 1700

Chicago, IL 60602-4115

www.cclfchicago.org

register now! next project readiness workshop: tues. dec. 5CCLF’s next trademark “primer” for community development will be held at our Loop offices. For information or to regis-ter, call 312.252.0440, ext. 205.

making tHe CritiCaL diFFerenCeC C L F C o m m u n i t y b L u e p r i n t

making tHe CritiCaL diFFerenCe

C C L F C o m m u n i t y b L u e p r i n tChicago Community Loan Fund

sHining brigHt For 15 yearsCCLF CeLebrates in styLe at tHe grand baLLroom

F a L L 2 0 0 6

inside this issue• shining bright for 15 years photo gallery• CCLF recognized for coop housing work• recent honors for board and staff• Credit memos• meet our new staff

Missionto provide low cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development initia-tives that benefit low–to moderate-income neighborhoods and families throughout metropolitan Chicago.

contact inFo29 east madison street, suite 1700Chicago, iL 60602-4115312.252.0440 tel 312.252.0419 [email protected]

tHank you, 15tH anniversary sponsors!

member of opportunity Finance network

Board oF directorsChair: rafael m. León Vice Chair: Patricia Y. mcCreary Treasurer: edward J. Hoynes, CPASecretary: Susan Kaplan, esq.Charles F. Daasmohammed elahiToya Horn Howarded Jacobrev. Dr. B. Herbert martinGlenn m. mazaderaymond S. mcGaugh, esq.richard Peabodynancy radnermatthew r. reileinmaria SaldañaKathryn TholinJohn L. Tuohy, esq.

staFFCalvin L. Holmes, executive Directormichael L. Bradley, Director of Finance & Administrationrhonda mcFarland, Director of Lendingmark Fick, Senior Loan/Program officerTiffany Lee, Senior Portfolio/Program officerrose Seremala, office managerSarah Berke, external relations Associaterebecca Baron, Program AssociateDavid Theiss, LVC Program AssistantCheryl Hester, receptionist

creditseDITor/LAYoUT Sarah BerkeConTrIBUTorS Sarah Berke, rebecca Baron, David Theiss ConSULTAnT Cat DeanPHoToGrAPHY Tony V. martin, robin PhillipsDeSIGn Patt KellyPrInTer Salsedo Press

CHiCago’s own gentLemen oF Leisure provided entertainment

CdFi Fund direCtor art garCia presented CCLF witH a $585,000 award

CCLF newsLetter

oF CHiCago Community

deveLopment projeCts,

issues & Features

visionary

innovators

sustainersbuilders bank

Citibank Community development

granite Companies

Lasalle banknational City

northern trust

1st deputy Commissioner oF Housing —and CCLF aLum—stepHen maduLi-wiLLiams

dr. tHabiti H.n. Cartman in 2002

Though the retail market in his corner of South Shore was far from certain, and though he had little real estate development experience, Dr. Cartman risked his own assets to take on the project.

He saw his building as a spark for more retail, commercial and residen-tial development along the exchange Avenue corridor to the south.

With a $75,000 predevelopment loan (since repaid) from CCLF in 2002, the project was underway. The develop-ment includes an improved health center and will bring in 5-6 new retail tenants, ultimately creating or retain-

ing more than 50 jobs.

It appears that the rehabilitation of the South Shore Health Center build-ing has also influenced development nearby: a large apartment building has recently been rehabbed, a local grocer reopened, and a new coffee house opened this summer.

Tragically, Dr. Cartman died in a boating accident last year just as his vision was beginning to come to frui-tion. His wife Carla and son Ayinde accepted the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s 15th anniver-sary celebration on his behalf.

Editor’s Note: Community Blueprint includes regular profiles, recognizing our friends’ financial, in-kind and pro-grammatic contributions.

wamu steps up support

Cheryl Wilson and melissa Borino of washington mutual stopped by the August 9 CCLF board meeting to pres-ent directors and staff with a $75,000 grant. Wamu’s renewed and increased giving to CCLF this year supports operations, two special capacity-build-ing initiatives and the 15th anniver-sary celebration. For more information about support-ing CCLF’s work, call 312.252.0440, ext. 202, or email [email protected].

CongratuLations!

susan kaplan, CCLF board secre-tary and director of the Community economic Development Law Project, was awarded the 2006 esther rothstein award by the Lawyers Trust Fund of Illinois. The award recogniz-es Susan’s dedication in her career to the cause of equal access to justice.

Calvin L. Holmes, CCLF’s executive director, was reelected to the board of the opportunity Finance network, CCLF’s national trade association.

mark Fick, Senior Loan/Program officer at CCLF, was elected to the board of the Campus Cooperative

development Corporation. Congratulations also to mark on his recent marriage!

Credit memos

Fat group received an $85,000 predevelopment/rehab loan to pre-serve 9 units of rental housing afford-able to very-low-income households in north Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.

geneva Foundation received a $410,000 minipermanent loan for an adolescent group home in Humboldt Park. Special thanks to Richard Williams at Vedder Price Kaufman & Kammholz for serving as CCLF’s coun-sel on this transaction.

greater bethlehem Housing development Corporation received a $250,000 predevelopment loan to build up to 36 units of mixed-income housing in east Garfield Park. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serv-ing as CCLF’s counsel on this transac-tion.

Lawndale douglas LLC received a $300,000 construction loan to pre-serve 21 rental units as affordable housing in north Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.

oakwood boulevard associates LLC obtained a $350,000 predevelopment loan to build approximately 380 rental and 325 for-sale mixed-income units in Kenwood/oakland. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction.

rebirth of englewood CdC obtained a $184,000 construction loan to build the first 5 of a planned 550 new affordable single family home develop-ment. Special thanks to Ted Tuerk at McDermott Will & Emery for serving as CCLF’s counsel on this transaction.

the resource Center obtained a $40,000 equipment and working capi-tal loan for its recycling and creative reuse initiatives.

CCLF’s Cooperative spirit

Logan square Cooperative (LSC) recently presented CCLF with an award of excellence in recognition of our support for affordable hous-ing development and the growth of housing cooperatives in Chicagoland.

mark Fick, Senior Loan/Program officer and CCLF’s resident coop expert, accept-ed the award at the coop’s annual open house.

weLCome to tHe team!

rhonda mcFarland became CCLF’s new director of Lending in october. A former CCLF board member and loan committee chair, she manages CCLF’s lending and technical assistance pro-grams.

rebecca baron joined the loan fund in September as CCLF’s new program associate, coordinating investor rela-tions and supporting the finance and administration program.

david theiss, program assistant, joined the loan fund in August for a one-year term, courtesy of the Lutheran Volunteer Corps. He assists the lending and TA programs.

CCLF notewortHy making tHe CritiCaL diFFerenCeCCLF sHines From PAGe 1

david tHeiss, rHonda mCFarLand, rebeCCa baron

CCLF ConCeIVeD THe FAnnIe

LoU HAmer AWArD For

GrASSrooTS CommUnITY

DeVeLoPmenT To reCoGnIze

InDIVIDUALS WHo WorK TIre-

LeSSLY, In A mULTIFACeTeD WAY,

To ImProVe THeIr CommUnI-

TY’S qUALITY oF LIFe.

52

Cartman is Hamer Honoree From PAGe 1

Fed CHairman ben bernanke and CaLvin HoLmes (baCk; 6tH and 8tH From rigHt) witH 2006 opportunity FinanCe network board

LsC purCHased tHis 8-unit buiLding in 2001 witH tHe HeLp oF a CCLF Loan

executive Director Calvin L. Holmes proclaimed, “CCLF has a unique lend-ing niche as the best fit at the right time for projects, large and small, that provide a high social impact for the communities that need it the most!”

Joining Holmes and Garcia on the podium were master of Ceremonies Juan ramirez, the artistic director of CCLF borrower Latino Chicago Theater Company; Stephen maduli-Williams, First Deputy Commissioner of the Chicago Department of Housing (and a former CCLF staff member); and Pat Wilcoxen, the president of borrower Woodlawn Development Associates.

To conclude the program, Allen A. rodriguez of Charter one Bank, the event’s Visionary sponsor, joined CCLF board chair rafael m. León to pres-ent the inaugural Fannie Lou Hamer award to the late Dr. Thabiti Cartman’s family (see accompanying story). See this issue’s special photo gallery insert for scenes from the celebration!

“CCLF HAS A UnIqUe LenDInG

nICHe In THe CHICAGo reGIon

AS THe BeST FIT AT THe rIGHT

TIme For ProJeCTS, LArGe

AnD SmALL, THAT ProVIDe A

HIGH SoCIAL ImPACT For THe

CommUnITIeS THAT neeD IT THe

moST! “

– CALVIn L. HoLmeS, eXeCUTIVe DIreCTor

CCLF ConsuLtant & aCtor Cat dean weL-Comed guests to tHe event on stiLts

L-r: mark pinsky, art garCia, juan ramirez, ayinde Cartman, CarLa Cartman, CaLvin HoLmes, aLLen rodriguez, stepHen maduLi-wiLLiams, raFaeL Leon.

CCLF’s Fannie Lou Hamer Award for Grassroots Community Development was conceived to recognize individuals (and their organizations) who are based in a challenged Chicagoland community and work tirelessly, in a multifaceted way, to improve their community’s quality of life.

The award’s namesake, Fannie Lou Hamer (1917-1977), was considered by some to be the soul of the civil rights movement in mississippi. mrs. Hamer championed the importance of diffuse leadership, believing that each individual’s involvement made the movement stronger. CCLF similarly believes that it is often ordinary citi-zens—like the inaugural awardee, Dr. Cartman—who are best positioned to improve and lead their communities to positive change.

tHe Fannie Lou Hamer award

ayinde and CarLa Cartman

speCiaL insert: 15tH anniversary pHoto gaLLery

3

piCtured: 1)HeatHer parisH, teresa prim, deboraH ben-nett; 2)david-antHony poweLL, djuana stoakLey, CyntHia parrott; 3)riCHard & karen wiLLiams ; 4)stepHen maduLi-wiLLiams, kevin jaCkson; 5)aLex gardner; 6)toya Horn Howard; 7)art garCia, miCHaeL bradLey, CaLvin HoLmes; 8)katHy tHoLin, raFaeL Leon, dan brougHton; 9)mari gaL-LagHer, tom FeLtner, geoFF smitH; 10)CHeryL wiLson, anto-nio manning, meLissa borino; 11)ed jaCob; 12)andy mooney, vern stoCkton, joni baird, 13)ed Hoynes, sara jo LigHt.

13

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speCiaL insert: 15tH anniversary pHoto gaLLery

4

piCtured: 1)ambar mentor; 2)CHristopHe ringer, CaLvin L. HoLmes; 3)patriCia wiLCoxen; 4)eveLyn diaz & isabeL; 5)juan ramirez; 6) biLL jones, Lynn & katie sasamoto, Craig mizusHima; 7)saraH berke & andy Hestness; 8)mattie butLer, juanita burris; 9) mauriCe Lee, 5tH ward aLderman LesLie Hairston, aLex gardner; 10) Lauren robinson, miCHaeL bradLey; 11)aLLen rodriguez, mary Fran riLey; 12)Hervenia mitCHeLL, gene moreno, raCHeL joHnston; 13)joni baird, juan rivera; 14) mark FiCk.

1

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14

Though the retail market in his corner of South Shore was far from certain, and though he had little real estate development experience, Dr. Cartman risked his own assets to take on the project.

He saw his building as a spark for more retail, commercial and residen-tial development along the exchange Avenue corridor to the south.

With a $75,000 predevelopment loan (since repaid) from CCLF in 2002, the project was underway. The develop-ment includes an improved health center and will bring in 5-6 new retail tenants, ultimately creating or retain-

ing more than 50 jobs.

It appears that the rehabilitation of the South Shore Health Center build-ing has also influenced development nearby: a large apartment building has recently been rehabbed, a local grocer reopened, and a new coffee house opened this summer.

Tragically, Dr. Cartman died in a boating accident last year just as his vision was beginning to come to frui-tion. His wife Carla and son Ayinde accepted the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s 15th anniver-sary celebration on his behalf.

Editor’s Note: Community Blueprint includes regular profiles, recognizing our friends’ financial, in-kind and pro-grammatic contributions.

wamu steps up support

Cheryl Wilson and melissa Borino of washington mutual stopped by the August 9 CCLF board meeting to pres-ent directors and staff with a $75,000 grant. Wamu’s renewed and increased giving to CCLF this year supports operations, two special capacity-build-ing initiatives and the 15th anniver-sary celebration. For more information about support-ing CCLF’s work, call 312.252.0440, ext. 202, or email [email protected].

CongratuLations!

susan kaplan, CCLF board secre-tary and director of the Community economic Development Law Project, was awarded the 2006 esther rothstein award by the Lawyers Trust Fund of Illinois. The award recogniz-es Susan’s dedication in her career to the cause of equal access to justice.

Calvin L. Holmes, CCLF’s executive director, was reelected to the board of the opportunity Finance network, CCLF’s national trade association.

mark Fick, Senior Loan/Program officer at CCLF, was elected to the board of the Campus Cooperative

development Corporation. Congratulations also to mark on his recent marriage!

Credit memos

Fat group received an $85,000 predevelopment/rehab loan to pre-serve 9 units of rental housing afford-able to very-low-income households in north Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.

geneva Foundation received a $410,000 minipermanent loan for an adolescent group home in Humboldt Park. Special thanks to Richard Williams at Vedder Price Kaufman & Kammholz for serving as CCLF’s coun-sel on this transaction.

greater bethlehem Housing development Corporation received a $250,000 predevelopment loan to build up to 36 units of mixed-income housing in east Garfield Park. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serv-ing as CCLF’s counsel on this transac-tion.

Lawndale douglas LLC received a $300,000 construction loan to pre-serve 21 rental units as affordable housing in north Lawndale. Special thanks to Helen Suh at Wildmann, Harrold, Allen & Dixon for serving as CCLF’s counsel on this transaction.

oakwood boulevard associates LLC obtained a $350,000 predevelopment loan to build approximately 380 rental and 325 for-sale mixed-income units in Kenwood/oakland. Special thanks to Richard Williams at Vedder Price Kaufmann & Kammholz for serving as CCLF’s counsel on this transaction.

rebirth of englewood CdC obtained a $184,000 construction loan to build the first 5 of a planned 550 new affordable single family home develop-ment. Special thanks to Ted Tuerk at McDermott Will & Emery for serving as CCLF’s counsel on this transaction.

the resource Center obtained a $40,000 equipment and working capi-tal loan for its recycling and creative reuse initiatives.

CCLF’s Cooperative spirit

Logan square Cooperative (LSC) recently presented CCLF with an award of excellence in recognition of our support for affordable hous-ing development and the growth of housing cooperatives in Chicagoland.

mark Fick, Senior Loan/Program officer and CCLF’s resident coop expert, accept-ed the award at the coop’s annual open house.

weLCome to tHe team!

rhonda mcFarland became CCLF’s new director of Lending in october. A former CCLF board member and loan committee chair, she manages CCLF’s lending and technical assistance pro-grams.

rebecca baron joined the loan fund in September as CCLF’s new program associate, coordinating investor rela-tions and supporting the finance and administration program.

david theiss, program assistant, joined the loan fund in August for a one-year term, courtesy of the Lutheran Volunteer Corps. He assists the lending and TA programs.

CCLF notewortHy making tHe CritiCaL diFFerenCeCCLF sHines From PAGe 1

david tHeiss, rHonda mCFarLand, rebeCCa baron

CCLF ConCeIVeD THe FAnnIe

LoU HAmer AWArD For

GrASSrooTS CommUnITY

DeVeLoPmenT To reCoGnIze

InDIVIDUALS WHo WorK TIre-

LeSSLY, In A mULTIFACeTeD WAY,

To ImProVe THeIr CommUnI-

TY’S qUALITY oF LIFe.

52

Cartman is Hamer Honoree From PAGe 1

Fed CHairman ben bernanke and CaLvin HoLmes (baCk; 6tH and 8tH From rigHt) witH 2006 opportunity FinanCe network board

LsC purCHased tHis 8-unit buiLding in 2001 witH tHe HeLp oF a CCLF Loan

executive Director Calvin L. Holmes proclaimed, “CCLF has a unique lend-ing niche as the best fit at the right time for projects, large and small, that provide a high social impact for the communities that need it the most!”

Joining Holmes and Garcia on the podium were master of Ceremonies Juan ramirez, the artistic director of CCLF borrower Latino Chicago Theater Company; Stephen maduli-Williams, First Deputy Commissioner of the Chicago Department of Housing (and a former CCLF staff member); and Pat Wilcoxen, the president of borrower Woodlawn Development Associates.

To conclude the program, Allen A. rodriguez of Charter one Bank, the event’s Visionary sponsor, joined CCLF board chair rafael m. León to pres-ent the inaugural Fannie Lou Hamer award to the late Dr. Thabiti Cartman’s family (see accompanying story). See this issue’s special photo gallery insert for scenes from the celebration!

“CCLF HAS A UnIqUe LenDInG

nICHe In THe CHICAGo reGIon

AS THe BeST FIT AT THe rIGHT

TIme For ProJeCTS, LArGe

AnD SmALL, THAT ProVIDe A

HIGH SoCIAL ImPACT For THe

CommUnITIeS THAT neeD IT THe

moST! “

– CALVIn L. HoLmeS, eXeCUTIVe DIreCTor

CCLF ConsuLtant & aCtor Cat dean weL-Comed guests to tHe event on stiLts

L-r: mark pinsky, art garCia, juan ramirez, ayinde Cartman, CarLa Cartman, CaLvin HoLmes, aLLen rodriguez, stepHen maduLi-wiLLiams, raFaeL Leon.

CCLF’s Fannie Lou Hamer Award for Grassroots Community Development was conceived to recognize individuals (and their organizations) who are based in a challenged Chicagoland community and work tirelessly, in a multifaceted way, to improve their community’s quality of life.

The award’s namesake, Fannie Lou Hamer (1917-1977), was considered by some to be the soul of the civil rights movement in mississippi. mrs. Hamer championed the importance of diffuse leadership, believing that each individual’s involvement made the movement stronger. CCLF similarly believes that it is often ordinary citi-zens—like the inaugural awardee, Dr. Cartman—who are best positioned to improve and lead their communities to positive change.

tHe Fannie Lou Hamer award

ayinde and CarLa Cartman

Fannie Lou Hamer award inauguratedDr. Thabiti Cartman’s leadership was both ordinary and extraordinary.

A chiropractor and community leader in the South Shore neighborhood, Dr. Cartman had a clear vision of rehab-bing his own South Shore Health Center building to spur additional eco-nomic development in the area.

Dr. Cartman was recognized as the inaugural recipient of the Fannie Lou Hamer Award for Grassroots Community Development at CCLF’s anniversary celebration September 28.

See “CArTmAn” on PAGe 2 >>Woodlawn — Some will remember the dancer on stilts. others will remember the music. Yet others will think back to the regional, national, and neighborhood-level leaders who shared their insights from the podium.

everyone, however, will agree that Chicago Community Loan Fund’s Shining Bright for 15 Years anni-versary celebration was a great success!

nearly 300 guests gathered on September 28, 2006, at the beauti-fully restored Grand Ballroom in Chicago’s Woodlawn neighborhood.

A high point of the evening’s program was federal CDFI Fund Director Arthur A. Garcia, who

formally presented CCLF with a $585,000 Financial Assistance/Technical Assistance Award.

As it marks its 15th anniversary, CCLF has much to celebrate. Since 1991, CCLF has made loans total-ing $23.6 million: leveraging more than $460 million in addi-tional investment in low-wealth Chicagoland communities and helping build or preserve homes for more than 3,000 families.

originally conceived in 1988 as a response to identified commu-nity development credit gaps in Chicago, CCLF remains committed to filling these gaps and identify-ing opportunities that benefit low- and moderate-income people.

See “CCLF SHIneS” on PAGe 2>>

nonprofit organizationU.S. Postage

PAIDPermit #6510Chicago, IL

Chicago Community Loan Fund

29 e. madison, Suite 1700

Chicago, IL 60602-4115

www.cclfchicago.org

register now! next project readiness workshop: tues. dec. 5CCLF’s next trademark “primer” for community development will be held at our Loop offices. For information or to regis-ter, call 312.252.0440, ext. 205.

making tHe CritiCaL diFFerenCeC C L F C o m m u n i t y b L u e p r i n t

making tHe CritiCaL diFFerenCe

C C L F C o m m u n i t y b L u e p r i n tChicago Community Loan Fund

sHining brigHt For 15 yearsCCLF CeLebrates in styLe at tHe grand baLLroom

F a L L 2 0 0 6

inside this issue• shining bright for 15 years photo gallery• CCLF recognized for coop housing work• recent honors for board and staff• Credit memos• meet our new staff

Missionto provide low cost, flexible financing to community development organizations engaged in affordable housing, social service and economic development initia-tives that benefit low–to moderate-income neighborhoods and families throughout metropolitan Chicago.

contact inFo29 east madison street, suite 1700Chicago, iL 60602-4115312.252.0440 tel 312.252.0419 [email protected]

tHank you, 15tH anniversary sponsors!

member of opportunity Finance network

Board oF directorsChair: rafael m. León Vice Chair: Patricia Y. mcCreary Treasurer: edward J. Hoynes, CPASecretary: Susan Kaplan, esq.Charles F. Daasmohammed elahiToya Horn Howarded Jacobrev. Dr. B. Herbert martinGlenn m. mazaderaymond S. mcGaugh, esq.richard Peabodynancy radnermatthew r. reileinmaria SaldañaKathryn TholinJohn L. Tuohy, esq.

staFFCalvin L. Holmes, executive Directormichael L. Bradley, Director of Finance & Administrationrhonda mcFarland, Director of Lendingmark Fick, Senior Loan/Program officerTiffany Lee, Senior Portfolio/Program officerrose Seremala, office managerSarah Berke, external relations Associaterebecca Baron, Program AssociateDavid Theiss, LVC Program AssistantCheryl Hester, receptionist

creditseDITor/LAYoUT Sarah BerkeConTrIBUTorS Sarah Berke, rebecca Baron, David Theiss ConSULTAnT Cat DeanPHoToGrAPHY Tony V. martin, robin PhillipsDeSIGn Patt KellyPrInTer Salsedo Press

CHiCago’s own gentLemen oF Leisure provided entertainment

CdFi Fund direCtor art garCia presented CCLF witH a $585,000 award

CCLF newsLetter

oF CHiCago Community

deveLopment projeCts,

issues & Features

visionary

innovators

sustainersbuilders bank

Citibank Community development

granite Companies

Lasalle banknational City

northern trust

1st deputy Commissioner oF Housing —and CCLF aLum—stepHen maduLi-wiLLiams

dr. tHabiti H.n. Cartman in 2002