20Packet%202010

2010 Investor Packet

29 East Madison Street Suite 1700 Chicago, Illinois 60602 T 312.252.0440 F 312.252.0419 www.cclfchicago.org

INVESTING IN THE CHICAGO COMMUNITY LOAN FUND

1) I/We will invest $______________________ dollars (minimum $1,500). 2) The investment will yield a ______% interest rate of return (0 - 3 %) (Lower rates help CCLF offer better rates to our borrowers.) 3) My/Our investment will carry a ____ year term (1-10 years). (Longer terms help CCLF offer more flexible financing to borrowers.) My/Our check in the amount of $_____________ is enclosed. Please send me the loan agreement form for execution. My/Our check will follow. Investor’s Legal Name(s): ________________________________ Street Address: ________________________________ City, State, Zip: ________________________________ Telephone: ________________________________ E-mail Address: ________________________________ Social Security #(s) *: ________________________________ (or if applicable) Employer ID # *: ________________________________ Signature: ________________________________ Date: ________________________________

*Note: we cannot process your investment without this information Please return to Chicago Community Loan Fund, 29 East Madison Street, Suite 1700, Chicago, IL 60602, or contact the Director of Finance and Administration at (312) 252-0440, ext. 204. =================================================================================

For Office Use Only Investment Type: ____________ Investment Number: ________

Loan Agreement Date: ________ Maturity Date: _________

29 East Madison Street Suite 1700

Chicago, Illinois 60602 T 312.252.0440 F 312.252.0419

www.cclfchicago.org

29 East Madison Street Suite 1700 Chicago, IL 60602 T: 312.252.0440 F: 312.252.0419 www.cclfchicago.org

│Media Recognition

www.chicagotribune.com/news/local/chicago/chi-culinary-incubator-city-zonenov27,0,7847486.story

Around the Region

Local activist says ethnic cuisine will bring 51st Street a taste of success

By Donald Liebenson

Special to the Tribune

November 27, 2009

In developer Bernard Loyd's dreams, a desolate 51st Street inBronzeville will be transformed by an ethnic food district thatacts as a magnet for other businesses and people tired of eatingunhealthy food on the run.

His $8.6 million project, called Bronzeville Cookin', moved astep closer to fruition this month when the ChicagoCommunity Development Commission recommended itreceive $3 million in tax-increment financing and that the citysell Loyd two vacant lots for parking next to the century-oldbuilding he plans to renovate.

The building, in the 300 block of 51st Street, next to the GreenLine station, would house four restaurants in 17,000 squarefeet. Three restaurants would be full-service and one carry-out. There also would be a produce market.

The project is expected to be introduced to the City Council in December or January, said James Wilson,Department of Community Development project manager.

Loyd, 47, a Bronzeville resident and community activist, said the culinary incubator will turn a food desertinto an oasis, offering healthier dining options, jobs and a reason to come to the area. Now, residents havemore access to fast food than to a grocery store, he said.

"You're not going to come (to Bronzeville) because there's a Gap," he said. "You can get that anywhere."

"Chinatown is a great example. It's a huge economic engine for that community. Thousands are employed,and there are all these other businesses that feed off of that flow of people, such as grocery or specialty foodoutlets. Most go to Chinatown to dine, but the locals can get what they need in that community."

Each of Bronzeville Cookin's proposed restaurants will showcase distinct African and African-Americanflavors. Cecelia's Southern Breakfast will offer traditional southern and southern-inspired breakfast and lightlunch. Majanji310 will feature African-inspired vegan fare. The Jerk Shack, a carry-out, will offer authentic

Jamaican barbecue. All three, and the produce market, are set to open next year.

A family-friendly Bronzeville Smoke House & Grill, where the decor will celebrate Bronzeville's rich history,is scheduled to open in 2011.

The 51st Street building's white terra cotta and glazed brick facade is a testament to Bronzeville's richarchitectural heritage and the area's heyday as the "Black Metropolis" in the early part of the 20th century.Project architect Chris Lee of the firm Johnson & Lee Architects, said he was surprised to discover achildhood connection to the building.

"My pediatrician had his office on the second floor," he said. "He used to have to chase me to give me mypolio vaccine."

Today 51st Street remains mostly vacant, but other pockets of the neighborhood are resurging. Over the lastfive years, such new restaurants as Blu 47, Chicago's Home of Chicken and Waffles, Bronzeville Coffee &Tea, and Ms. Biscuit have becoming local fixtures.

"Its amazing what's happening to this neighborhood," said Richard Mott, a partner in Cecelia's and JerkShack, and a consultant for the culinary project. He has lived in Bronzeville for 22 years and his business,Sugarplum Catering, is based there.

"The transformation has been dramatic. Drive up and down the streets and you'll see condo conversions andnew construction. What we're hoping to do here is create a critical mass of development that will transformthis neighborhood on 51st Street very quickly," Mott said.

Loyd was born on the West Side. When he was 2, he moved with his German mother to Munich and laterlived in Liberia before returning to the United States to attend Cornell and MIT. In 1990, he returned toChicago to work for McKinsey & Co., a management consulting firm where he specialized in agribusiness andbecame the first African-American partner.

Six years ago, Loyd quit to put his dream project on the front burner.

In his 15 years in Bronzeville, he's been involved in numerous community efforts, including the protest whenthe legendary blues club and neighborhood institution the Checkerboard Lounge announced it was moving toHyde Park, and the state's Dan Ryan Task Force, which provided reaction to plans for the expresswayreconstruction project. He also served as chairman of the board for Centers of New Horizons, a social serviceagency.

Loyd's team is comprised primarily of people, who, like him, have a strong connection to the community."That was intentional," he said. But the talent pool, he added, has not yet yielded someone to help run theproduce market, which he considers key to the project.

"We haven't had a produce store in the community since I've lived here," he said. "We've lost thatconnection. You see a parent walking with their child and if they're having a snack, it's likely a bag of chips ora soda. We are going to reach out and re-educate. It's one of the cores of what we're doing here."

Another goal is to provide jobs; unemployment, he said, is "horrendous." While he was talking a soft-spokenman approached the building, peered inside and said he needed work because he was just laid off. Loydestimates that Bronzeville Cookin' will bring 130 jobs to the area.

He also hopes to foster more of a sense of neighborhood. Manjani310 award-winning chef and managing

partner Tsadakeeyah Ben Emmanuel said his 35- to 40-seat venue will feature a community table "toencourage folks to come and share meals whether they know each other or not."

Loyd and company envision Cecilia's to follow in the homey tradition of Gladys' Luncheonette, a formerBronzeville institution.

"Gladys' welcomed everyone," Loyd said. "Cecelia's will be a place where you have a congressman dining atone table and a guy from around the corner at the next table."

Third Ward Ald. Pat Dowell supports the project and submitted a letter of support to the CommunityDevelopment Commission .

"I believe we are poised for some great things," she said. "This initiative is something that is sorely needed inthe community. We have some good restaurants now, but we need many more.

"People feel they have to drive out of the community to sit down and enjoy a meal and that should not be.Last Friday night, I went to a restaurant on the North Side. There were a number of restaurants around it. Wehad a choice of many. (In Bronzeville) we don't have the same kind of options."

Trez Pugh, co-owner of Bronzeville Coffee & Tea, said he supports Loyd's efforts "150 percent," and added,"If anyone wants to open a sports bar (in Bronzeville), they'll make a killing. People ask me all the time whenI'm going to put in a flat-screen television or serve beer, but that would change the character of the place."

Loyd would like to work with Harold Washington Cultural Center and the DuSable Museum of African-American History to enable people to really make an outing of it.

"There has been a return of black professionals to the community because in part of the tremendousarchitecture at tremendous prices," Loyd said. "You couldn't get this anywhere else in the city. This used tobe the place, and I want to be a part of helping to bring it back."

Copyright © 2009, Chicago Tribune

FRONT & CENTER

Double WhammyU.S. Banker | Saturday, August 1, 2009

By Glen Fest

Johnny Wright is a Chicago native and a West Coast celebrity coiffeur, who earlier this year parlayed hiscampaign-trail service for Michelle Obama into a regular White House gig as the First Lady's FirstHairstylist.

Wright's burgeoning fame (he has signed on for a reality television show, too) got its start from the trainingand licensing he received at a Southside Chicago beauty school a decade ago that owes its existence to a$200,000 low-income opportunity investment from a Cook County community development financialinstitution, in partnership with Harris Bank.

The owners "took the dollars from Harris Bank, bought a police station in the 6th district that wasabandoned, and converted it into a beauty college," said Yevette Boutall, a director of the CDFI,Community Economic Development Association. "That's what you call teamwork."

Since the formal designation of CDFIs in 1994, the Treasury estimates that they have financed around $29billion in small-business and affordable housing loans in poor communities.

Acting as intermediaries to banks, credit unions and foundations, the CDFIs provide low-cost financing toneighborhood developers and small-business owners that might otherwise have trouble obtainingmarket-rate loans.

But the traditional CDFI model, say many observers, is in crisis. Since last fall, CDFIs have been losingaccess to low-cost sources of funding from partner banks that are cutting lines or lending at higher rates -though demand for financing is as high as ever. The dried up secondary market for low-income tax creditshas only added to CDFI's woes.

Community development financing faces a critical threat of sliding into a "permanently diminished role," saidMark Pinsky, the CEO of Opportunity Finance Network, a nationwide association of 170 CDFIs.

The problem has grown acute enough to grab the attention of Federal Reserve Chairman Ben Bernanke,who is calling for the creation of a broader and more diverse funding base to carry CDFIs through thecurrent credit crisis, and beyond. CDFI organizers say banks have to be kept in the picture, since theyprovide 54 percent of the total funding for CDFIs.

"If we can't pull banks back into the communities, I think the level of disinvestment, unemployment andblight will increase very dramatically," said Calvin Holmes, executive director of the Chicago CommunityLoan Fund, which provides pre-development financing for local retail, housing and nonprofit construction."We've got to have our traditional bank partners with us."

In its second-quarter market conditions survey of about 100 member CDFIs, Opportunity Finance foundmore than half of the respondents reported being "capital restrained" and were boosting loan-loss reservesin their portfolios. Most expect "operating and liquidity challenges" to continue this year, with 30 percentexpected to fund fewer loans to start-ups, non-profits and housing developers. Meanwhile, the surveyfound that requests for CDFI funding are on the rise, in part because traditional financial has becomeoff-limits.

Pinsky says his group is in talks with government officials to find "new ways of increasing liquidity, whether

its various forms of guarantees that would help investors put money into CDFIs" or getting additionalgovernment awards from the Treasury's CDFI Fund, a division which handles financial assistance toinstitutions in economically depressed areas.

The CDFI Fund responded in June with $90 million in awards provided by the government's stimuluspackage - with another round anticipated to reach the streets in September, for a total planned 2009disbursement of $207 million.

The stimulus package also doubled, to $6.5 billion, the amount of New Market Tax Credits the CDFI Fundwould back for approved community development investments this year.

But many think it will take more to fill in an expected 39 percent drop in available CDFI capital. The CDFIFund last year recommended that Treasury set aside up to $2 billion from Troubled Asset Relief Programfunds for CDFIs.

Where has the money gone? CDFIs have lost several of their primary benefactors of recent years, eitherto failure or mergers; Wachovia Corp., Washington Mutual Inc., and Merrill Lynch were among the mostactive in CDFIs. (The investments earn banks Community Reinvestment Act credit.) The overall marketdownturn, too, has played a role; a recent study presented to the Fed showed that CDFIs were frequentlyfound to have lost "concessionary" funding or short-term capital lines. Self-Help, a community developmentcredit union in Durham, N.C., had only hours to replace a $25 million overnight facility called in by a lenderon the day Lehman Bros. collapsed. Another CDFI had to cut ties with a lender that sought full collateral onloans already guaranteed by the Small Business Administration, and ordered the CDFI to cede interest inthe loans (a violation of SBA guidelines), according to Paul Weech, a former chief of staff with the SBAwho interviewed dozens of CDFIs for the study.

Loans that are being renewed for CDFIs are coming with rate hikes of 200 to 250 basis points, accordingto Weech.

The market for Low-Income Housing Tax Credits is perhaps the most critical loss for CDFIs. The credits inrecent years had provided about $8 billion annually in equity financing for developers of affordable housingprojects as they neared closing. But 40 percent of that volume came from Freddie Mac and Fannie Maepurchases, which were halted in the spring of 2008.

"Most of the projects that have gone on in Detroit have been so because they've been subsidized by taxcredits," says Ray Waters, president of ShoreBank Enterprise Detroit - the nonprofit arm of ShoreBank inChicago. Without the tax credits, banks became hesitant to pick up pre-development loans and that forcedShoreBank to turn away from funding new developments almost exclusively in favor of rehab projects.

In his June remarks on CDFIs, Bernanke called for bringing new venture capital investors into the stagnantLIHTC market. Some of the market has been ameliorated with a program under the 2008 Home EconomicRecovery Act to provide grants to states in lieu of tax credit investments for housing developers.

The act also opened up another possible new funding channel for CDFIs: membership in the Federal HomeLoan Bank System. So far, only a "small number" of CDFIs - those that are banks, thrifts and credit unions- will have the capacity to qualify for collateralized advanced for lending, says Pinsky, whose network isnegotiating less restrictive CDFI terms on asset requirements with the Home Loan Bank System'sregulator, the Federal Housing Finance Agency. "Most CDFIs tend to be unregulated institutions, and thatcreates a challenge for the FHFA and Federal Home Loan banks, who need a certain amount of 'apples-to-apples' information," says Pinsky.

Some questions have been raised whether those same regulatory issues are holding back Treasury fromoffering up TARP funds, as recommended by its CDFI Fund board within the agency. Fifteen to date havereceived TARP funds, for a total of $132 million.

In lieu of TARP, Pinsky says, "the Treasury could make equity equivalent investments in loan funds andsome equity funds and secondary capital investments" to spur liquidity.

Some CDFIs are devising their own solutions to boosting capital and revenue streams. Calvert Foundationin Maryland, for example, has raised $160 million, with an average 3 percent rate of return, for a

mutual-fund type instrument in "community development notes" that has attracted 4,700 investors - and thepraise of Bernanke.

And Holmes of the Chicago loan fund is considering how his and other CDFI organizations can helpunfreeze the secondary market. One idea is for some CDFIs that have enough capital to take the bullet forpartner banks that are unable to front loans under tightened risk management guidelines. "Maybe we cantake over the long-term asset and management risk over time. Maybe we become the solution for that,because we think we have the balance sheet and the regulatory environment to do that."

Longer-term solutions may also come into play from outside the CDFI circle of influence. The president'sregulatory overhaul includes expansion of financial services companies subject to CRA, which could widenthe field of potential CDFI financiers.

CDFIs are also eyeing the use of $80 million in funds allocated in 2009 to the Capital Magnet Fund, avehicle controlled by the CDFI Fund created under the Home Economic Recovery Act.

CDFIs play a crucial role in economic development because they provide cost-effective financing toborrowers that might not qualify for conventional loans. The loans provided by CDFIs are done at levels toolow to be profitable for standard banks, and often need to be ferried through several layers ofparticipation.

"CDFIs are one of the few ways to get capital into the lower quintiles," said Pinsky. "The goal here is toget the credit flowing in a responsible way. I'm not sure who else besides CDFIs are going to be doingthat."

In Chicago, a $1 million loan on a 2004 project by the Chicago Community fund provided the foundation foran Uptown-area mixed-use development of housing, office and retail that has since attracted a Targetanchor store.

Holmes' group is also taking the lead on a $2 million to 3 million pre-development loan - one which requiredmore than 17 different sources of financing - to replace a decaying 70-year-old public housing project witha new 3,000-unit affordable-housing development.

"That project will be worth hundreds of millions by the time it's done," says Holmes.

© 2009 U.S. Banker and SourceMedia, Inc. All Rights Reserved.SourceMedia is an Investcorp company. Use, duplication, or sale of this service, or data contained herein, except as describedin the Subscription Agreement, is strictly prohibited.

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MacArthur annual grants go to 9 nonprofits April 28, 2009 By RUPA SHENOY, Associated Press Writer

CHICAGO (AP) - A union for self-employed women in India, a group that studies sociology in Russia and a Chicago think tank that runs a popular car-sharing service are among the winners of this year's MacArthur Foundation grants for nonprofit organizations.

Recipients of the "Award for Creative and Effective Institutions," announced Tuesday by the John D. and Catherine T. MacArthur Foundation, receive a check for up to $650,000 _ a major windfall for the groups that all have annual budgets between $200,000 and $5 million.

A $650,000 grant will go to the Center for Neighborhood Technology, a Chicago nonprofit that researches and launches projects with economic and environmental benefits for urban areas, including I-Go, a car-sharing service with 200 vehicles and 12,000 members.

The company will use the grant to increase its outreach, chief executive officer Kathryn Tholin said.

"What we're all about is making cities work for the benefit of people who live in them and the health of the planet," she said. "We couldn't be more excited that the MacArthur Foundation has recognized us, but more importantly the award highlights issues we've been working on."

The MacArthur Foundation is a private, independent Chicago-based group that hands out about $260 million in grants annually. It's known for its so-called "genius grants," $500,000 no-strings-attached fellowships that have gone to hundreds of people since 1981.

This is the fourth year the foundation has awarded the nonprofit grants. To qualify, recipients must have previously received support from the foundation.

Over the past year, MacArthur's endowment has dipped to about $5.2 billion from $7 billion, but the foundation is committed to continuing the awards, president Jonathan Fanton said.

"These are organizations that have the courage to push the boundaries of what is possible," he said. "They're all organizations that have determination, fierce energy, good leadership, strong boards and have a record of really getting things done."

A joint $650,000 grant to the Washington, D.C.-based Center for Housing Policy and National Housing Conference comes at a time when it's sorely needed, said Jeffrey Lubell, executive director at the center. The nonprofit organizations' research and advocacy on issues of affordable housing is especially important now, as communities nationwide grapple with foreclosures, he said.

"This is a time when the need is great but the available resources are low," Lubell said.

The Chicago Community Loan Fund will use its $500,000 grant to expand its sustainable development workshops, executive director Calvin L. Holmes said. In its 18-year history, the fund has given $36 million in low-cost loans to small developers of sustainable, affordable housing.

"We're determined with our sustainable development program to help our customers go green and stay green," Holmes said. "The money from MacArthur is allowing us to focus in on that a lot more."

Five of the nine winners are from outside the United States, including Access to Justice, a group in Lagos, Nigeria, that fights police torture; the Caribbean Natural Resource Institute in Port of Spain, Trinidad, which helps governments in the Caribbean cope with the environmental and economic effects of climate change; the Centre for Independent Social Research, a group in St. Petersburg, Russia, that studies the country's emerging social structures; Women of the Don Region in Novocherkassk, Russia, which works to combat police abuse and promote women's rights and Mahila SEWA Trust, a trade union based in Gujurat, India, that organizes poor women workers.

CCLF E-NEWSLETTER OF COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES

Fall-Winter/2009

Redevelopment Preserves Housing in WoodlawnPOAH is working to transform Grove Parc Apartments

Grove Parc Plaza is an aging, 504-unit apartment complex in Woodlawn,built in the 1960s, that residents and the surrounding community agreedwas ready for redevelopment. Design flaws and other problems have leftthe property in severe distress. Preservation of Affordable Housing(POAH) has taken on the redevelopment, planning to transform Grove Parcinto a transit-oriented, mixed-income community named Woodlawn Park.

Located between 62nd and 63rd Streets on Cottage Grove Avenue, thefirst phase of the multi-year plan will begin construction in 2010 and include67 units. POAH plans to preserve existing Section 8 subsidies in theredevelopment, both on the original Grove Parc site and in nearbyareas. The $20.8 million first phase of the development will also pursue aminimum LEED-Silver certification, with design elements that include solarthermal panels for domestic hot water, super-insulation and envelopesealing, and Energy Star appliances, among others. Chicago-area POAH Director Dan Burke says, "The redevelopment ofGrove Parc Apartments presents a unique opportunity to both preserveSection 8 rental subsidies in healthier configurations and to revitalize theCottage Grove Avenue artery, which is so vital to Woodlawn, with newhousing, commercial and recreational opportunities." The plans forWoodlawn Park also include 65,000 square feet of retail space, includingtwo major anchor retailers, at 63rd and 61st Streets and Cottage GroveAvenue. CCLF provided a $750,000 predevelopment loan to POAH in 2009 as apart of CCLF's participation in the Preservation Compact Gateway Fund.Photo and rendering above courtesy of POAH.

In This Issue

Preservation inWoodlawn

Sustainable BuildingWebsite

Visitors from Japan

Credit Memos

Clean Energy Forum

Forum AddressesClean Energy and

Public Health

CCLF ExecutiveDirector Calvin L.

Holmes attended aWhite House

stakeholder meeting inWashington, D.C.

called Clean EnergyEconomy Forum-The Public Health

Benefits of a CleanEnergy Reform.

Speakers includedEPA AdministratorLisa Jackson and

Secretary of Healthand Human ServicesKathleen Sebelius.

The forum considered

the ways in whichclean energy choices

will improve thenation's health, and

the methods that arekey to these benefits.

CCLF Celebrates Launch of Sustainable BuildingWeb Resourcewww.greenaffordable.org provides resources for sustainabledevelopment in Chicagoland

In October, CCLF celebrated the launch of our newest resource, BuildingFor Sustainability: Resources for Sustainable Building inChicagoland, a new website at www.greenaffordable.org. The site wasofficially introduced at a reception held at Logan Square Kitchen onOctober 19.

The Building for Sustainability websiteprovides an interactive resource toencourage Chicagoland communitydevelopers to initiate, incorporate andexpand sustainable design elements intotheir projects. Using the site, developerscan easily find funding opportunities,compare the cost-effectiveness ofsustainable building strategies, considerthe need for good design, read recent

news publications and view examples of projects in the Chicago region.

The site illustrates how green design elements can be affordable forcommunity developers. CCLF Executive Director Calvin L. Holmes says,"We're very excited about the ability of www.greenaffordable.org to showChicagoland community developers that sustainable development is withintheir reach and can help to sustain long-term affordability for their projects."

Zina Murray gives tours of Logan Square Kitchen's green features at the website launch

The Building For Sustainability website was supported by CCLF'sMacArthur Award for Creative and Effective Institutions as well as supportfrom Citi Foundation. The site was designed by Tamarack Media. Please visit the new site at http://greenaffordable.org/ and forwardcomments and suggestions to [email protected]. We would love tohear feedback as the site evolves to best serve Chicagoland developers.

Opportunities

The Regional HomeOwnership

PreservationInitiative recently

launchedwww.regionalhopi.org,

a website thatincludes research,

foreclosure trackingtools and other

resources for troubledhomeowners and

renters.

CCLF borrowerBronzeville Cookin'was featured in theChicago Tribune.

Read the article andothers featuring CCLF

borrowers atcclfchicago.org/about-us/media.

The School of SocialService and

Administration at TheUniversity of Chicagorecently released their

study "Living in aMixed-IncomeDevelopment:

Resident Perceptionsof Benefits and

Disadvantages." Acopy of the report is

available atssa.uchicago.edu.

Nonprofit CDCs andother organizationscan apply to host a

Rose Fellowarchitect. Learn how

to apply atrosefellowship.org.

Delegation from Japan Visits CCLFVisitors interested in U.S. nonprofit loans, CDFIs

On September 8 and 9, CCLF was honored to host a delegation fromJapan on an informational visit led by Professor Takashi Koseki of the MeijiUniversity School of Business Administration in Tokyo, Japan. ProfessorKoseki is interested in community investment, especially as it relates tononprofit banks in Japan. He has researched loans made to nonprofits inthe United Kingdom and Japan, and has recently begun work to learn moreabout CDFIs and nonprofit loans in the United States. Members of the delegation visited CCLF's offices, as well as the site ofCCLF borrower Growing Home's urban farm in Englewood. The delegationheld a symposium in Japan to report on their findings concerning U.S.CDFIs, and how their findings can improve the environment for nonprofitbanks in Japan.

CCLF's Mark Fick and Calvin L. Holmes with Japanese visitors and the Growing Home team at theWood Street Urban Farm.

CCLF NoteworthyCredit Memos

Parkside Nine Phase IIA received a $250,000 predevelopment loan for theredevelopment of 92 units of affordable housing in Cabrini Green. Thanksto Rachel Kulpers Bates, Nadav Klugman and Geeta Kharkar Stack ofMayer Brown LLP for serving as CCLF's counsel on this transaction. Preservation of Affordable Housing (POAH) received a $750,000predevelopment loan for the construction of a mixed-use development with420 units of mixed-income housing in Woodlawn. Thanks to Peter B. Rossof DLA Piper LLP US for serving as CCLF's counsel on this transaction.

Fellowship Educational and Economic Development Corporationreceived a $250,000 predevelopment loan for a multi-purpose developmentin Chatham that includes a community center, office space and retaildevelopment. Thanks to Gerald Castro and Ted Tuerk of McDermott Will& Emery LLP for serving as CCLF's counsel on this transaction.

Board of Directors

Rafael M. León, ChairChicago Metropolitan Housing

Development Corp.

Susan Kaplan, Esq., ViceChair

Community EconomicDevelopment Law Project

Edward J. Hoynes, CPA,Treasurer

Community AccountingServices

John L. Tuohy, Esq.,Secretary

Chapman and Cutler (retired)

Charles F. DaasCambodian American

Heritage Museum

Mohammed M. Elahi,Andes Capital Group LLC

Toya Horn Howard, Esq.Real Estate Attorney

Ed JacobNorth Side CommunityFederal Credit Union

Glenn M. MazadeCharter One Bank

Patricia Y. McCrearySeaway National Bank

Raymond McGaugh, Esq.Finance Attorney

Kay McNab, Esq.Winston & Strawn

Richard Peabody, Jr.Finance Consultant

Nancy Radner, Esq.Chicago Alliance to End

Homelessness

Matthew R. ReileinJPMorgan Chase & Co.

Maria SaldañaDuncan-Williams, Inc.

Kathryn TholinCenter for Neighborhood

Technology

Rimland Services received a $117,000 minipermanent mortgage for theacquisition of housing for adults with developmental disabilities in NorthCook County. Thanks to Geeta Kharkar Stack, Kristin Rylko and RobertBaptista for serving as CCLF's counsel on this transaction.

Breaking Ground, Inc. received a $50,000 minipermanent mortgage forlandbanking in North Lawndale. Thanks to Mark O'Meara and KaitlinCorkran of Chapman & Cutler LP for serving as CCLF's counsel on thistransaction.

Thank You to Funders and Investors

For their recent grants, CCLF thanks JPMorgan Chase Foundation, ThePartnership for New Communities, Chicago Community Trust, ShoreBank,The Northern Trust Company and Marquette Bank.

For their recent investment renewals or increases, CCLF thanksOpportunity Finance Network, Calvert Foundation, the SinsiniwaDominicans, The PrivateBank and the Passionist Fathers.

Mission

To provide low cost, flexible financing and technical assistance tocommunity development organizations engaged in affordable housing,social service and economic development initiatives that benefit low- andmoderate- income neighborhoods and households throughout metropolitanChicago.

Staff

Calvin L. HolmesExecutive Director

Jane I. AmesDirector of Finance &

Administration

Rhonda McFarlandDirector of Lending

Mark FickSenior Loan/Program Officer

Paul GakhalSenior Loan/Program Officer

N. Paul ElueSenior Portfolio Management

Officer

Clarice NorinLoan Closing/Portfolio Officer

Juanita WalkerOffice Manager

Emily MoenExternal Relations Associate

Angela BennettFinance & Administration

Associate

Kate McInerneyLending Program Assistant

Jesse DavisProgram Development

Assistant

Nga NguyenLVC Program Assistant

Credits

Editor/Layout Emily MoenPrinter Salsedo Press

Donate to CCLF

We need your financialsupport to provide

targeted technical andfinancial assistance

that empowerscommunity-baseddevelopers to helpcreate communitieswhere people thrive.

You can support ourwork with a secureonline donation via

PayPal atwww.cclfchicago.org/

support-us.

Chicago Community Loan Fund (CCLF) | 29 East Madison St, Suite 1700 | Chicago | IL | 60602

CCLF E-NEWSLETTER OF COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES

Summer-Fall/2009

Sustainability: Beyond HousingGrowing Home and Logan Square Kitchen are in the business ofbeing green

Sustainability can come in many forms. Two recent CCLF customers,Logan Square Kitchen and Growing Home, are innovative Chicagoorganizations that are rethinking how to combine sustainability andcommunity development.

Growing Home, Inc. provides jobtraining for homeless and low-incomeindividuals facing barriers toemployment by using organic, localagriculture. Program participantswork at Growing Home's farms andfood stands, learning job readiness,farming, marketing and sales skills.All proceeds from the sale ofproduce are then used for theimprovement of the programmingand farms. Growing Home's Wood StreetUrban Farm is Chicago's first

permanent, year-round urban farm, located in the Englewood community.The farm is helping to revitalize Englewood by creating jobs, providinghealthy produce and helping to encourage economic growth, particularly inthe area of food vendors.

Logan Square Kitchen is a newsustainable kitchen incubator and75-seat local event space that is soonto open in the Logan Squareneighborhood in Chicago. Kitchenincubators are rental commercialkitchen spaces that are dedicated toearly-stage catering and restaurantbusinesses. The innovative business model will provide social and public health benefitsby promoting local business and participating in a local food economy thatis building steam in the Logan Square neighborhood, with the help of the

In This Issue

Sustainability: BeyondHousing

Holmes in Moscow

Grantees Honored byMacArthur

Credit Memos

Sustainability Workshop

SustainabilityWorkshop 2009

CCLF's 4th annualBuilding for

SustainabilityWorkshop will be held

on October 19-20 at theChicago Center for

Green Technology. This2-day event covers

topics concerning thecreation of

environmentally friendly,affordable housing

and facilities.

To register, call312-252-0440 x208 orvisit cclfchicago.org/

assistance.(Photo: Tony V. Martin)

Logan Square Farmer's Market, forthcoming Dill Pickle Food Cooperativeand other businesses that feature local and sustainable products.

Zina Murray, owner and developer of theLogan Square Kitchen project, is alsopursuing a Leadership in Energy andEnvironmental Design (LEED) Goldcertification. The project is integratingmaterials reuse, energy-efficient appliancesand lighting, recycling, and air qualitymeasures.(Photos courtesy of Zina Murray and Jesse Davis)

Holmes Participates in Moscow SummitNonprofit Leaders Share Experiences, Ideas

Photo courtesy of the White House Press Corps

CCLF Executive Director Calvin L. Holmes recently participated in the CivilSociety Summit (CSS) in Moscow, Russia, which coincided with PresidentBarack Obama and Russian President Dmitri Medvedev's summit. TheCSS was organized by Eurasia Foundation, New Eurasia Foundationand Center for Strategic & International Studies. The CSS was held to engage nongovernmental experts and organizationsto develop recommendations for increased collaboration between US andRussian organizations. These recommendations were then formallypresented to both President Obama and representatives of the Presidentof the Russian Federation at the conclusion of the summit.

Holmes was honored to present the results of the Community Developmentand Youth Empowerment and Education group participants, where heshared a dais with President Obama.

Holmes reflects, "Russia is a fascinating country with a complex history andpeople. I came to appreciate that our Russian community developmentcounterparts have less support from the public and private sectors yetdisplay great courage and tenacity in their quest to improve living conditionsfor low-wealth Russians."

Opportunities

The CommunityEconomic DevelopmentLaw Project has many

upcoming workshops fornonprofit organizations,including "501(c)(3) TaxExemption: Creating aCharity." Find the full

schedule atwww.cedlp.org.

The Kresge Foundationhas announced a new

relief loan fund for humanservice agencies in

response to theeconomic crisis. For

more information, visitwww.kresge.org.

Registration is now openfor the Housing Action

Illinois 2009Convention on October

22-23. Find moreinformation at

www.housingactionil.org.

North AmericanStudents of

Cooperation (NASCO)will hold their 2009

Cooperative Educationand Training Institute

entitled In OurBackyards: Defending

the EnvironmentalCommons on November

6-8 in Ann Arbor, MI.Find out more at

www.nasco.coop.

The City of ChicagoCAPS Program will beholding free High Rise

and Condo SafetySeminars during

September. For moreinformation, contactWilliam Townsell at

312-745-5900.

Grantees Honored by MacArthur FoundationCCLF Receives MacArthur Award for Creative and EffectiveInstitutions

The John D. and Catherine T.MacArthur Foundation recognizedthe recipients of the MacArthurAward for Creative and EffectiveInstitutions, including CCLF, at anevent at their Chicago offices onJune 10-11.

Grantees from around the globe were able to share presentations abouttheir work, as well as participate in workshops on topics concerningorganizational development. Former MacArthur Foundation PresidentJonathan Fanton presented each organization with its award at theceremony. CCLF is very excited to be a 2009 recipient of the MacArthur Award forCreative and Effective Institutions, which honors innovative organizationswith grants of up to $650,000. CCLF will use the $500,000 award tostrengthen our balance sheet and enhance growth, particularly in the areaof sustainable building promotion.

The first project supported by this grant is a new website that will serve asan online center of information for sustainable building and will be launchedthis fall. The project is being staffed by CCLF's summer intern, JesseDavis. Jesse's position is also supported through the Citigroup SummerIntern Program.

(Pictured above from left to right are: Directors John Tuohy, Susan Kaplan, Glenn Mazade, FoundingDirector Sara Jo Light, Executive Director Calvin Holmes, and Directors Charles Daas, Kathy Tholin,and Rafael Leon. Photo courtesy of MacArthur Foundation.)

CCLF NoteworthyCredit Memos

Sixteen Hundred Investment Group received a $50,000 predevelopmentloan for 60 units of affordable senior housing in Roseland. King Legacy, LLC received an $85,000 predevelopment loan for amixed-use building containing 45 residential and 6 commercial units inLawndale. Thanks to Jeffrey Gray and Kate Price of Wildman HarroldAllen & Dixon LLP for serving as CCLF's counsel for this transaction. Murray Development One, LLC received a $250,000 construction/mini-permanent loan for the rehab of Logan Square Kitchen, a kitchen incubatorfacility and event space. Thanks to Christopher Ellis and Geeta KharkarStacks of Mayer Brown LLP for serving as CCLF's counsel for thistransaction.

Neighborscapes NFP received a $128,000 equipment and working capitalloan for the operation of summer youth employment program in southernCook County. Thanks to Susan Wyse of Winston & Strawn LLP for servingas CCLF's counsel for this transaction.

Board of DirectorsRafael M. León, Chair

Chicago Metropolitan HousingDev. Corp.

Susan Kaplan, Esq., Vice ChairCommunity Economic

Development Law Project

Edward J. Hoynes, CPA,Treasurer

Community Accounting Services

John L. Tuohy, Esq. SecretaryChapman and Cutler (retired)

Charles F. DaasCambodian American Heritage

Museum

Mohammed M. Elahi,Andes Capital Group LLC

Toya Horn Howard, Esq.Real Estate Attorney

Ed JacobNorth Side Community Federal

Credit Union

Glenn M. MazadeCharter One Bank

Patricia Y. McCrearySeaway National Bank

Raymond McGaugh, Esq.McGaugh & Associates

Kay McNab, Esq.Winston & Strawn

Richard Peabody, Jr.Finance Consultant

Nancy Radner, Esq.Chicago Alliance to End

Homelessness

Matthew R. ReileinJPMorgan Chase & Co.

Maria SaldañaDuncan-Williams, Inc.

Kathryn TholinCenter for Neighborhood

Technology

Oakwood Shores Senior Apartments LP received a $500,000predevelopment loan for a 73-unit new-construction, affordable independentsenior living facility in North Kenwood-Oakland. Thanks to Robert Dixonand William Hadler of Vedder Price P.C. for serving as CCLF's counselfor this transaction.

Growing Home, Inc. (pictured left) receiveda $250,000 loan for the development of ayear-round urban farm and job trainingprogram in Englewood. Thanks to NataliaSokolova, Garry Jaunal and MercedesMcFarland of Kirkland & Ellis LLP forserving as CCLF's counsel on thistransaction.

Thank You to Funders and Investors

For their recent grants, CCLF thanks Polk Bros Foundation, GrandVictoria Foundation, Charter One Bank, Citi Foundation, CitigroupSummer Intern Program and US Bancorp Foundation. For their recentinvestment renewals or increases, CCLF thanks Trinity Health andAmalgamated Bank of Chicago.

Welcome Nga Nguyen

CCLF is excited to welcome our new ProgramAssistant, Nga Nguyen, to our staff. Nga comes toCCLF courtesy of Lutheran Volunteer Corps (LVC), ayear-long domestic service program. Nga is CCLF's 8thvolunteer from LVC.

Nga is originally from Hanoi, Vietnam, and recentlygraduated with a BA in Accounting and Business

Administration from Wartburg College in Waverly, IA. Nga will work with theFinance and Adminstration Team this year at CCLF.

Mission

To provide low cost, flexible financing and technical assistance tocommunity development organizations engaged in affordable housing,social service and economic development initiatives that benefit low- andmoderate- income neighborhoods and households throughout metropolitanChicago.

Staff

Calvin L. HolmesExecutive Director

Jane I. AmesDirector of Finance &

Administration

Rhonda McFarlandDirector of Lending

Mark FickSenior Loan/Program Officer

Paul GakhalSenior Loan/Program Officer

N. Paul ElueSenior Portfolio Management

Officer

Clarice NorinLoan Closing/Portfolio Officer

Juanita WalkerOffice Manager

Emily MoenExternal Relations Associate

Angela BennettFinance & Administration

Associate

Kate McInerneyProgram Assistant

Nga NguyenLVC Program Assistant

Credits

Editor/Layout Emily MoenPrinter Salsedo Press

Donate to CCLF

We need your financialsupport to provide

technical and financialassistance to help createcommunities where people

thrive. Visitwww.cclfchicago.org/support.

Chicago Community Loan Fund | 29 East Madison St. Suite 1700 | Chicago | IL | 60602

Cumulative Social Impact - Since 1991

Borrower Loan Amount Colloquial Neighborhood Dollars Leveraged Units of Housing Project Type

Jobs Created/Retained

Bus./Facility Square Footage

Enterprise300 E 51st LLC (Urban Junctures) 400,000 Bronzeville 7,000,000 0 Economic development 30 14,000

[AA Holdings, LP (OAS Devel. Group)] 17,160 P Roseland 2,700 see below Commercial unit TBD TBD

[Aliiance Property Group of Illinois II, LLC] see HOUSING North Kenwood TBD 80 Commerical Unit (mixed-use) 0 15,000

Bickerdike Redevelopment Corporation (BRC 1) 35,000 Humboldt Park 2,241,319 0 Subsidiary business 0

Bronzeville Emporium 450,000 Bronzeville - 0 Economic development 10 4,000

Community Services West Inc. 80,000 North Lawndale 400,000 0 Subsidiary business 5 -

Erie Neighborhood House 5,000 West Town - 0 Subsidiary business 0

Fellowship Educational and Economic Dev. Corp. 250,000 Chatham 22,000,000 0 Economic development 100 302,000

Five Points Economic Dev. Corp 409,400 North Chicago, IL 3,590,100 0 Economic development 75 21,500

Gaia Movement 1 [Living Earth, Green World Action USA] 25,000 Citywide - 0 Nonprofit business 0 -

Greater Riverdale Industrial Partnership (GRIP) 250,000 Riverdale, IL 40,000 0 Economic development TBD** TBD**

Growing Home Inc./Wood Street Urban Farm 250,000 Englewood - 0 Urban Farm/Job Training 0 26,000

Halsted New City Retail LLC 95,500 Auburn-Gresham 2,300,473 0 Economic development 70 17,825

Heartland Housing see HOUSING Edgewater see below Commerical Unit 2 3,141

[Historic Pacesetter LP] see HOUSING [3.6%] Riverdale, IL 1,243,332 see below Economic development TBD 10,755

I-Go Car Sharing 500,000 Chicago/Citywide 500,000 0 Nonprofit business 3 -

Keeler-Roozevelt Road Limited Partnership (153) see HOUSING North Lawndale see below Rental/Commercial 0 5,000

King Legacy, LLC see HOUSING Lawndale see below Rental/Commercial 0 4,500

Logan Square Kitchen (Murray Development One LLC) 250,000 Logan Square - 0 Economic development 3 3,000

Marketplace: Handwork of India 50,000 Skokie, IL - 0 Nonprofit business 7 -

Near North West Arts Council 1B 42,995 Logan Square/Humboldt Park 216,815 0 Nonprofit business 0

Neighborscapes 128,000 South Suburbs - 0 Youth Job Training 3 -

Northpointe Achievement Center (Positive Impact Staffing) 75,000 Winthrop Harbor/Zion, IL 45,500 0 Nonprofit business 0 TBD

Preservation of Affordable Housing (POAH) see HOUSING Woodlawn see HOUSING see below Rental/Commercial 0 65,000

[Safeway Keeler] see HOUSING North Lawndale see HOUSING see below Economic development TBD -

[Safeway Kolin] see HOUSING North Lawndale see HOUSING see below Economic development TBD 4,000

Salsedo Press 1 125,000 East Garfield Park - 0 Workers cooperative 0 -

Salsedo Press 2 (A+B) 90,000 East Garfield Park - 0 Workers cooperative 0 -



Salsedo Press 5 184,198 East Garfield Park - 0 Workers cooperative 16 12,250

South Shore Health Center 75,000 South Shore 986,819 0 Economic development 54

Tri Fund Development 600,000 Kenwood 1,023,000 0 Economic development TBD 80,000

[Wilson Yard Development 1 LLC] 270,000 [54%] Uptown 62,370,000 see below Economic development 250 224,000

Youth Service Project 45,000 West Humboldt Park 5,000 0 Subsidiary business 3

# of loans: 25 4,852,253 103,965,058 80 632 811,971 % of Grand Total: 12% 11% 1% 54% commercial sq. ft.

FacilityAhadi Early Learning Center 30,000 South Shore 12,000 0 Childcare enterprise 3 1,900

Arab American Family Services 380,000 Bridgeview, IL - 0 Social services 0 3,000

Arches Retail Development LLC (Granite) 400,000 Oakwood 7,600,000 Medical Facility 0 14,000

[Back of the Yards Neighborhood Council] see HOUSING Brighton Park see below see below Nonprofit Office/Childcare TBD 18000

Becker House 135,000 Rogers Park 63,000 6 Supportive 0 1,900

Black Metropolis Convention & Tourism Council 5,000 Bronzeville - 0 Economic development 0

Breaking Ground 2 250,000 North Lawndale 1,000 3 Interim Hsg/Nonprofit Office

Cabrini Green Legal Aid Clinic 135,000 Cabrini Green 200,000 0 Social services 0 22,692

Chicago International School 240,000 Bucktown - 0 Education 0 8,712

Chicago Mutual Housing Network 2 125,000 Logan Square/Bucktown 51,000 0 Nonprofit Office Space 0 55,000

Community TV Network 1 150,000 Logan Square/Bucktown 68,000 0 Nonprofit Office Space 14 1,748

Community TV Network 2 139,500 Logan Square/Bucktown 1,384 0 Nonprofit Office Space 0 -

Creative Assistance Development, Inc. 200,000 Elgin, IL 250 8 Supportive/Social Services 0 1,700

at December 31, 2009

f:/ portfolio mgmt/borrower/monitor/ reports / cumulative social impact Page 1 Last Update 2/4/2010






Dream Center, The 51,000 Maywood, IL 2,040 0 Youth development 0 11,200

El Hogar del Nino 320,000 Pilsen/Little Village 37,200 0 Childcare 12 n/a

Faith Tabernacle Baptist Church 2 234,000 Stony Island Park 141,000 0 Landbanking 0 6,565

Featherfist 193,000 South Shore 1,990,893 0 Supportive/Social Services 34 13,750

Gaia Movement 2, The [Living Earth, Green World Action USA] 167,500 Washington Heights - 0 Environmental 5 -

Geneva Foundation 281,000 Humboldt Park 17,600 6 Supportive/Social Services 0 4,248

Geneva Foundation 2 129,000 Humboldt Park 0 Supportive/Social Services 0 -

Ignatia House 144,000 Avondale - 7 Supportive 0 2,814

Industrial Council of Northwest Chicago 150,000 West Town - 0 Economic development 0 3,086

Institute of Positive Education 39,000 Grand Crossing - 0 Education 0 416,000

Kinzie Industrial Development Corp. (KIDC/ICNC 2) 250,000 West Town - 0 Industrial Development 360 107,000

Lake View Towers Resident Association 11,000 Uptown - 0 Social services 0 416,000

Latino Chicago Theater Company 30,000 Bucktown - 0 Arts 0 -

Lawndale Christian Development Corporation 145,000 North Lawndale - 0 Housing/Social services 1

LUCHA 25,000 West Humboldt Park - 0 Housing/Advocacy 0 2,500

Mount Vernon Missionary Baptist Church 50,000 Near West Side/West Town 3,000,000 0 Supportive/Social Services 9 40,000

Mujures Latinas En Accion 102,440 Pilsen/Little Village - 0 Social services 0 -

Mujures Latinas En Accion 2 200,000 Pilsen/Little Village 1,785,800 0 Social services 0 18,000

Mustard Seed of Chicago 349,500 Old Town/Citywide 150,000 0 Social services 0 13,000

[Near North West Arts Council 1B] see ENTERPRISE Logan Square see ENTERPRISE 0 [Nonprofit business facility] see above see above

Peopleʹs Reinvestment & Development Effort (African Village) 40,000 Austin - 0 Subsidiary business 10 40,000

Quad Communities Arts and Recreation Center 500,000 North Kenwood/Oakland 36,500,000 0 Arts 20 85,000

Resource Center 1 55,000 Uptown - 0 Environmental 2 5,170

Resource Center 2 40,000 Riverdale (Chicago)/Citywide - 0 Environmental - -

Resource Center 3 30,000 Riverdale (Chicago)/Citywide - 0 Environmental 9 -

Rimland Services 1 252,938 Evanston, IL 17,500 4 Supportive/Social Services 0 10,500

Rimland Services 2 125,400 Maywood, IL 8,600 4 Supportive/Social Services 0 989

Rimland Services 3 180,000 Evanston, IL - 4 Supportive/Social Services 0 1,100

Rimland Services 4 117,000 Evanston, IL - 4 Supportive/Social Services 0 1,200

Rogers Park Montessori School 25,000 Edgewater/Rogers Park - 0 Education 1 2,290

The HIV Talk Radio Project 20,000 Citywide - 0 Education 0 -

Wisdom Bridge Arts Project 429,000 Rogers Park - 0 Arts facility/Landbanking 0 TBD

# of loans: 43 6,875,278 51,647,267 46 480 1,329,064 % of Grand Total: 17% 6% 1% 41% nonprofit sq. ft.

Housing

AA Holdings 1 LP (UAS Devel. Group) 268,840 [94%] Roseland 42,300 P 16 Rental/Commercial

Alliance Property Group of Illinois II, LLC 875,000 North Kenwood 24,000,000 80 Rental/Commercial 0 see above

Ambassadors for Christ (AFC 1A+B) 100,000 East Garfield Park 1,552,383 12 Rental 5 -

Back of the Yards Neighborhood Council 295,000 Brighton Park 12,090,969 60 Senior Rental/Facility TBD see above

Bickerdike Redevelopment Corporation (BRC2) 145,000 West Town 4,426,733 40 Cooperative 1 -

Bickerdike Redevelopment Corporation - La Paz Apts (BRC3) 175,000 W. Humboldt Park/Logan Sq 6,398,318 44 Rental 1 -

Breaking Ground 1 (nee Upward Bound) 270,000 North Lawndale 902,000 10 Homeownership 2 -

Breaking Ground 3 242,543 North Lawndale - 2 Homeownership/Rental 0 -

Breaking Ground, Inc. 4 50,000 North Lawndale - - Landbanking - -

Chicago Metropolitan Housing Dev. Corp. 250,000 Wash Hghts/Ashburn/Chicago Ln/Albany Pk 1,690,000 88 Rental 0 -

Chicago Mutual Housing Network 1 5,000 Chatham 1,500,000 17 Homeownership 0 -

Chicago Victory Church 50,000 West Garfield Park 918,602 6 Rental 0 -

Christian Vision Center 45,000 Chicago Heights, IL 2,590,823 16 Supportive/Rental 0 -

Clair Christian United Methodist Church 216,575 North Lawndale 6,083,425 62 Rental 0 -

Cook County Housing Dev. Corp./HODC (Morton Grove) 250,000 Morton Grove, IL 7,689,640 56 Supportive/Senior Rental 1 -

East Lake Management & Development Corporation 184,814 Grand Boulevard - 6 Rental 0 -

Ellis Cooperative 350,000 Oakland - 36 Co-op Rental 0 -







Eighteenth Street Development Corporation 6,000 Pilsen - 0 Homeownership 0 -

Englewood Housing Group II, LP 375,000 Englewood 11,000,000 40 Rental 0 -

Freedom Road Cooperative 619,468 Uptown 337,000 6 Homeownership 0 -

Faith Tabernacle Baptist Church (Community Housing Partners) 78,000 Washington Park 1,300,000 24 Rental 0 -

FAT Group 1a 35,000 North Lawndale - - Rental 0 -

FAT Group 1b 50,000 North Lawndale 671,511 9 Rental 0 -

4832 S. Vincennes LP 684,000 Grand Boulevard 20,000 67 Rental 0 -

Genesis Housing Dev. Corp. 125,000 North Washington Park 5,400,000 44 Mixed-income Ownership 0 -

Genesis Housing Dev. Corp. 2 281,000 Bronzeville, Washington Park - 1 0 -

Good News Partners 1 354,000 Rogers Park - 6 Co-op/Ownership 0 -

Good News Partners 2 (Phoenix Co-op) 350,000 Rogers Park - 17 Cooperative Rental 0 -

Good Shepherd Community Service Organization 250,000 Washington Park 7,757,730 39 Homeownership 0 -

Gorham United Methodist Church Foundation 85,931 North Washington Park 5,569,986 57 Rental 1 -

Granite Partners for Oakwood Blvd (MaddenWells2) 350,000 Kenwood/Oakland 40,050,000 133 Homeownership 0 -

Granite Partners for Oakwood Boulevard Phase II LLC 500,000 Kenwood/Oakland 1,500,000 344 Mixed-income Ownership 0 -

Greater Bethlehem Community Development Corporation 250,000 East Garfield Park 6,446,712 27 Homeownership 0

Greenline1_6640 S. Maryland LLC 640,000 Woodlawn 90,695 4 Homeownership 0 -

Greenline2_6608 S. Maryland LLC 125,000 Woodlawn 7,379,072 6 Homeownership 0 -

Heartland Housing Inc 300,000 Edgewater 32,000,000 197 Rental/Commercial 0 -

Hesed House Cooperative 315,000 Little Village - 4 Cooperative 0 -

Holsten/CCHDC Pacesetter 1,200,000 Riverdale, IL 38,332,048 130 Rental see above 10,500

Housing Opportunity Dev. Corp (nee IHDC-North Shore) 220,000 (South) Evanston, IL 20,000 4 Rental 0 -

Hub Housing Cooperative 615,000 Little Village 130,159 5 Co-op/Ownership 0 -

Interfaith Housing Development Corp.of Chicago 350,000 East Garfield Park 5,730,350 69 Supportive 13 -

Jazz on the Boulevard 1A 200,000 Kenwood 38,000,000 137 Rental/Homeownership 0 -

Jazz on the Boulevard 1B 110,000 Kenwood TBD - - - -

Keeler-Roozevelt Road Limited Partnership (153) 500,000 North Lawndale 6,000,000 26 Rental/Commercial 0 see enterprise

Keeler-Roozevelt Road Limited Partnership (153a) 30,000 North Lawndale - - Rental/Commercial - -

King Legacy, LLC 85,000 Lawndale 17,458,650 42 Rental/Commercial see enterprise

Lake Shore-North Washington Park Joint Venture 92,500 North Washington Park 1,500,000 24 Homeownership 0 -

Lawndale Douglas LLC 425,000 North Lawndale 1,632,975 42 Rental 3 -

Logan Square Cooperative 1A 332,000 Logan Square 251,500 8 Cooperative 0 -

Logan Square Cooperative 1B 180,000 Logan Square - 0 Cooperative 0 -

Lots In Common (nee NASCO) 300,000 Hyde Park 1,160,000 50 Cooperative Rental 0

Low End Adventures 692,481 Southwest Side - 7 Homeownership 0 -

LUCHA II 158,000 West Town 535,000 47 Rental 0 -

Madden Wells Phase 1A Associates 350,000 Kenwood/Oakland 34,136,015 162 Mixed-Income Rental 0 -

Madden Wells Phase 1B 350,000 Kenwood/Oakland 36,366,271 162 Mixed-Income Rental 0 -

Mission Metamorphosis 75,000 North Lawndale 987,653 10 Supportive 0 -

NASCO Properties- Qumbya Cooperative 1,022,495 Hyde Park 120,000 35 Cooperative Rental 0 -

National Progressive Institute 100,000 Grand Boulevard 2,300,000 24 Rental 0 -

Near Northwest Arts Council 1A 299,000 Logan Square/Humboldt Park 1,600,000 20 Homeownership 5 -

New Chatham, JV 65,000 Chatham 3,615,899 32 Rental/Homeownership 0 -

New Pisgah Missionary Baptist Church 100,000 Auburn Gresham 16,700 80 Senior Rental 0 -

Nobel Neighbors 125,000 West Humboldt Park 10,000 1 Homeownership 0 -

North American Students of Cooperation (NASCO 1) 45,000 Hyde Park - - Cooperative Rental 0 -

North American Students of Cooperation (NASCO 2) 315,000 Hyde Park 911,000 20 Cooperative Rental 0 -

Oakwood Boulevard Associates 175,000 Kenwood/Oakland 343,975 700 Rental/Homeownership 24 -

Oakwood Shores Phase 2A Associates LP 350,000 Kenwood/Oakland $56,317,271 199 Rental 0 -

Oakwood Shores Senior Apartments Limited Partnership 500,000 Kenwood/Oakland $18,960,000 73 Senior Housing o -

Oakwood Shores Terrace Associates LP 200,000 Oakland $13,000,000 36 Rental/Mixed-Use 0 28,000

OK Share, Inc. & LakeShore New Homes, LLC 300,000 North Oakland 1,085,000 10 Rental/Homeownership 0 -

Omega Woodlawn 79,970 Woodlawn 850,000 12 Homeownership 0 -

Parkside Nine Phase IIA (Holsten) 250,000 Near North 1,000,000 92 Rental 0 -







Peopleʹs Community Development Association of Chicago, Inc. 250,000 East Garfield Park 2,550,000 12 Homeownership 0 -

Peopleʹs Reinvestment & Development Effort (PRIDE 3 a,b) 60,000 Austin 6,121,000 64 Rental 0 -

Peopleʹs Reinvestment & Development Effort - CAP 5,000 Austin - 18 Cooperative 0 -

Positive Systematic Transformations, Inc. (PST 1) 1,000 Waukegan/North Chicago, IL - 0 Homeownership 0 -

Positive Systematic Transformations, Inc. (PST 2A) 5,000 Waukegan/North Chicago, IL - 0 Homeownership 0 -

Positive Systematic Transformations, Inc. (PST 3) 5,000 Waukegan/North Chicago, IL 2,400,000 29 Homeownership 0 -

Preservation of Affordable Housing (POAH) 750,000 Woodlawn 20,000,000 420 Rental/Mixed-Use 0 see above

Racine Courts Cooperative 400,000 Morgan Park - 121 Cooperative 0 -

Racine Courts Cooperative - Increase 285,000 Morgan Park - - Cooperative 0 -

Rebirth of Englewood 184,000 Englewood 736,000 5 Homeownership 2 -

The Resurrection Project 54,028 Pilsen - 5 Rental 0 -

Riverdale Family Housing LP 500,000 Riverdale, IL 1,055,125 50 Rental 2 -

Safeway Keeler 300,000 North Lawndale 3,662,801 21 Rental/Commercial see above -

Safeway Kolin 18,400 North Lawndale 1,600 21 Rental/Commercial see above -

Sixteen Hundred Investment Group, Ltd. 50,000 Englewood TBD 40 Rental 0 -

Sixteen Hundred Investment Group (Pullman Suites) 50,000 Roseland 17,386,262 60 Senior Housing 0 -

Southside Preservation Properties, LLC 1,000,000 Chatham, Southshore, Auburn Gresham, Rose 26,000,000 587 Rental 0 -

Spaulding Collective Partnership 185,000 Logan Square 1,750 6 Cooperative Rental 0 -

St. Johnʹs Commmunity Outreach Organization 600,000 Grand Boulevard 240,175 6 Rental 0 -

Stone Soup Cooperative 1 355,000 Uptown 49,750 11 Cooperative 0 -

Stone Soup Cooperative 2 165,000 McKinley Park 24,505 7 Cooperative 0 -

TCB Lorington Limited Partnership 200,000 Logan Square 10,290,005 54 Rental 0 -

Turnstone Development (CCHDC) - Calumet Park 200,000 Calumet Park, IL 11,777,738 70 Senior Rental 3 -

Uptown Habitat for Humanity 250,000 West Humboldt Park 483,000 7 Homeownership 0 -

Urban Equities 75,000 Grand Crossing/Avalon Park 5,127,000 28 Homeownership 0 -

Voice of the People in Uptown 250,000 Uptown 136,000 30 Rental 0 -

West Englewood United Organization 60,000 Englewood 835,000 13 Supportive 1 -

Willfeed Community Organization^ Withdrawn - - 0 - 0 -

Wilson Yard Development 1 LLC 1,000,000 P Uptown 150,000,000 178 Rental see above -

Woodlawn Development Associates 75,000 Woodlawn 3,800,000 29 Rental/Homeownership 0 -

WECAN 1 (Woodlawn East Community and Neighbors) 26,000 Woodlawn 2,441,000 64 Rental 1 -

WECAN 2 69,380 Woodlawn 1,915,093 23 Rental 2 -

WECAN 3 94,000 Woodlawn 4,706,000 42 Rental 2 -

WECAN 4 25,000 Woodlawn 446,345 6 Rental-->Ownership 0 -

WECAN 5 35,000 Woodlawn - 0 Working Capital/Rental 0 -

Woodlawn Renaissance Partners 2, LLC 594,000 Woodlawn 5,949,700 32 Homeownership 0 -

Youthbuild Lake County 71,000 North Chicago, IL 108,143 1 Homeownership TBD -

# loans: 102 27,984,425$ 750,022,357$ 5,895 69 not applicable

% Grand Total: 70% 83% 98% 6%

Grand Totals:# of loans: 170 39,711,956$ 53 communities $905,634,682 6021 1181 2,141,035

NOTES:


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