For more than 20 years, the Chicago Community Loan Fund (CCLF) has been providing responsible financing and technical assistance for community development projects in the Chicago area.
Since we were involved in its creation, we at Woodstock Institute have had a front row seat for its growth and impact in our communities.
2013 was a watershed year for CCLF, as they provided 37 new loans totaling $18.8 million. The loans helped in the creation or retention of nearly 400 affordable residences and 200 jobs and advanced commercial-retail developments that will bring new merchants, restaurants and healthy foods to long-ignored retail corridors. This financing will leverage an additional $139 million in private and public investments in low-income neighborhoods.
At our Community Investment Awards and Film Reception on May 9, we will be honoring CCLF with a Community Investment Award for its contributions to community stabilization and development. The award recognizes the accomplishments of community champions who exemplify what it means to work locally with a national impact.
Following a networking reception and awards presentation, we will be screening a short film on senior financial abuse. Afterward, an expert panel will discuss how we can address this issue and take your questions.
I hope you can join us as we honor community champions and discuss a critical issue for some of our most financially vulnerable citizens.