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

Winter/2010

CCLF Expanding Building for SustainabilityProgram serves Chicagoland community developers

CCLF has beencommitted to supportingenvironmentallysustainable projectsthroughout the Chicagometropolitan regionsince we published ourfirst Guide to Buildingfor Sustainability in2001. Since then,CCLF's Building forSustainability programhas continued to grow.In 2009, CCLF

converted our guide into the format of a website resource atgreenaffordable.org. The site contains resources and tools for developerswho want to incorporate "green" technology in their projects, and is updatedas new technologies and strategies evolve.

CCLF hired Elizabeth Richards (LEEDGreen Associate) as our VicePresident of Technical Assistance &Sustainability in 2010, giving theprogram even more capacity than everbefore. CCLF is working with regionalefforts to provide energy efficiencyretrofit financing, including the Centerfor Neighborhood Technology, Lake

County, and the Kane County Revolving Loan Fund for Energy Efficiency."This is such an active time for Chicago in the areas of sustainability,energy efficiency and healthy communities," says Richards. "We're excitedto bring new resources to our clients and their projects, and I particularlylook forward to utilizing our partnerships to move new initiatives forward." To find out more about CCLF's Building for Sustainability programming orfor technical assistance and resources, email erichards@cclfchicago.org orvisit www.greenaffordable.org.

In This Issue

Building forSustainability

Woodlawn Park

Carbon Nation

Logan SquareKitchen Achieves

LEED Gold

Photo by Ingrid Bonne

Congratulations toCCLF borrowerLogan Square

Kitchen, who hasbeen awarded a

LEED (Leadership inEnergy and

Environmental Design)Gold rating from theUS Green Building

Council!

Rendering of Woodlawn Park, courtesy of POAH

POAH Breaks Ground on Woodlawn ParkLeaders celebrate new project, remember Bishop Brazier

Il State Representative Kenneth Dunkin and members of the Grove Parc TenantsAssociation participate in the ceremonial wall-raising

Federal, state and city officials, legislators, residents, developers and otherstakeholders gathered in October to celebrate Woodlawn Park (formerlyGrove Parc), a project of Preservation of Affordable Housing (POAH). Thewall-raising ceremony included remarks by 20th Ward Alderman WillieCochran, 1st District Congressional Rep. Bobby Rush, IL State SenatorKwame Raoul, POAH president Amy Anthony, LISC- Chicago ExecutiveDirector Andy Mooney, JPMorgan Chase's Pat Nash and Teresa Walton,president of the Grove Parc Tenants Association.

The new WoodlawnPark will include 420units of mixed-income housing, 67new affordablerental housing unitsand 80,000 squarefeet of retail space.Says Walton, "A lotof people have beenhere through thegood, bad. Peopledeserve to have new

homes, new surroundings."

Many honored Bishop Arthur Brazier, who passed away a few days beforethe ceremony, and had worked to preserve affordable housing for residentsof Woodlawn for more than 50 years. "It is important to remember howmuch he helped bring us all together," said Anthony.

CCLF provided a $1 million predevelopment loan to POAH for the project.

Opportunities

The Kane CountyRevolving LoanFund for Energy

Efficiency isaccepting applicationsfor energy efficiency

and conservationloans. For moreinformation, visitCCLF's website.

Mercy PortfolioServices has

released new RFPsfor the City of

Chicago's NSP2program, seekingvarious real estateservices, including

appraisers and assetmanagers. Go to

chicagonsp.org formore information.

The next ChicagoNeighborhoodDevelopment

Awards will be heldon Tuesday, February

11.

Visit NCRC's PolicyAction Central formore information

about financial reformand CRA

modernization, atncrc.org.

Board of Directors

John L. Tuohy, Esq. ChairChapman and Cutler

(retired)

Susan Kaplan, Esq., ViceChair

The Law Project (retired)

Charles Walls, TreasurerComEd

NSP home in Garfield Park. (Photo:Steve Becker)

PNC Invests $2 MillionNew investment will support stabilization efforts

PNC Bank recently made a new $2 millioninvestment in CCLF's loan pool. This newinvestment will increase CCLF's ability toprovide critical capital to communities thatneed it most. The new investment willprimarily support CCLF's lending in the Cityof Chicago's Neighborhood StabilizationProgram (NSP), helping to meet our liquidityneeds for this initiative.

"As a CCLF investor, PNC is helping to bringeconomic prosperity and stability to moreneighborhoods throughout metropolitanChicago," says Tony Smith, MarketManager at PNC. "We are excited tosupport CCLF's stabilization efforts, whichwill help to preserve previous communityinvestments and promote new growth in

these communities." CCLF provides NSP loans to qualified developers,who then rehab foreclosed homes in targeted neighborhoods, getting themback on the market as soon as possible.

Carbon Nation Film ScreeningFilm discusses solutions-based approach to climate change issues

CCLF recently partnered with the Centerfor Neighborhood Technology (CNT) tohost a screening of the recentdocumentary Carbon Nation, producedby CNT board member Karen Weigert.Carbon Nation is a positive, solutions-based film about tackling climate changewhile boosting the economy, increasing energy security and promoting goodhealth. More than 40 guests took in the film, and we received feedback thatit was "inspiring" and "opened a discussion about what I can do to help."

CNT, one of CCLF's regional partners, is a leader in the promotion of urbansustainability, providing research and services in transportation andcommunity development, energy, natural resources and climate change.CNT Energy, a division of CNT, was recently selected by the ChicagoMetropolitan Agency for Planning to coordinate the implementation of a$25 million federal grant for energy efficiency retrofits over the next threeyears. For more information about this and other CNT programs, visitwww.cnt.org. To find out more about Carbon Nation screenings and thedocumentary itself, visit carbonnationmovie.com.

CCLF NoteworthyCongratulations, Mark!Congratulations to Senior Loan/Program Officer Mark Fick for reaching his5-year anniversary on the CCLF staff. We appreciate Mark's commitmentto our customers, and his creativity and leadership.

Mohammed M. Elahi,Secretary

Andes Capital Group LLC

Charles F. DaasCambodian American

Heritage Museum

Toya Horn Howard, Esq.Real Estate Attorney

Edward J. Hoynes, CPACommunity Accounting

Services

Ed JacobNeighborhood Housing

Services of Chicago

Rafael M. LeónChicago MetropolitanHousing Dev. Corp.

Glenn M. MazadeCharter One Bank

Patricia Y. McCrearySeaway National Bank

Raymond McGaugh, Esq.Finance Attorney

Steven QuasnyHarris Bank

Nancy Radner, Esq.Chicago Alliance to End

Homelessness

Matthew R. ReileinJPMorgan Chase & Co.

Kathryn TholinCenter for Neighborhood

Technology

Staff

Calvin L. HolmesPresident

Jane I. AmesVice President, Finance &

Administration

Rhonda McFarlandVice President, Lending

Elizabeth C. RichardsVice President, TechnicalAssistance & Sustainability

Mark FickSenior Loan/Program

Officer

Paul GakhalSenior Loan/Program

Officer

Annual Report OnlineCCLF's 2009-2010 AnnualReport, Preserve, Stabilize,Revitalize, is available toview at cclfchicago.org. Wechallenged ourselves tobecome even moreenvironmentally friendly andsustainable in our practices inthe creation of the report. Ithas been thoughtfullydesigned for electronic viewing, with a limited print run. The online versionwill allow you to browse through the pages on your screen, or you candownload the report for saving and printing.

Welcome, SteveSteve Quasny, Vice President and Managing Director

of Community Development Lending and Investments atHarris Bank, was recently elected to CCLF's board.Steve has more than 15 years of work and boardexperience in community development, including with theCity of Chicago and NHS Redevelopment Corporation,in addition to his work at Harris.

Thank You to Funders and InvestorsFor their recent grants, CCLF thanks Chicago Community Trust, JPMorganChase Foundation, Charter One Foundation, MetLife Foundation, ComEd,US Bancorp Foundation, HSBC-North America and Marquette Bank.

For their recent investment renewals or increases, CCLF thanks PNC Bank,First Savings Bank of Hegewisch, Catholic Health Initiatives andCongregation of the Sisters of St. Agnes.

Credit Memos: CCLF Lends $3.17 MillionAvalon Investment Solutions Company received a $290,000 constructionloan to rehab a property in Austin as part of the City of Chicago NSP.Breaking Ground, Inc. received a $235,000 construction loan to rehab aproperty in North Lawndale as part of the City of Chicago NSP.Genesis Housing Development Corporation received a $239,000construction loan to rehab a property in South Shore as part of the City ofChicago NSP.Anchor Group, Ltd. of Illinois received $233,000, $264,000, and$357,000 construction loans to rehab properties in Humboldt Park as partof the City of Chicago NSP.KMA Holdings III, LLC received $294,000 and $415,000 construction loansto rehab properties in Austin as part of the City of Chicago NSP.Chicago Neighborhood Initiatives, Inc. received $357,500, $246,500 and$246,000 construction loans to rehab properties in Pullman as part of theCity of Chicago NSP.

Clarice NorinLoan Closing/Portfolio

Officer

Juanita WalkerOffice Manager

Emily MoenExternal Relations

Associate

Angela BennettFinance & Administration

Associate

Kate McInerneyLending Program Assistant

Lincoln StannardFinance & Administration

Assistant

Benjamin GorskyLending 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 secure

donation atwww.cclfchicago.org.

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