& Illinois Governor J.B. Pritzker joins Kevin Goldsmith, managing director of community development tax credits and intermediaries lending at JPMorganChase (left), at a press conference on Sept. 10, 2024 announcing the firm has committed a new $10 million loan to the Chicago Community Loan Fund (CCLF), a certified Community Development Financial Institution (CDFI), to advance affordable housing development and revitalize neighborhoods in Chicago’s South and West sides. The loan is part of JPMorganChase’s $200 million commitment to Chicago and will support CCLF’s Communities of Color Loan Program, which provides low-cost capital to developers targeting projects impacting communities of color in low-to-moderate income neighborhoods throughout Chicago.
JPMorganChase has committed more than $10 million to advance affordable housing development and revitalize neighborhoods in Chicago’s South and West sides.&
The new loan to the Chicago Community Loan Fund (CCLF), a certified Community Development Financial Institution (CDFI), is part of JPMorganChase’s $200 million commitment to Chicago.&
The loan will support CCLF’s Communities of Color Loan Program, which provides low-cost capital to developers targeting projects impacting communities of color in low-to-moderate income neighborhoods throughout Chicago. Illinois Governor J.B. Pritzker joined JPMorganChase and CCLF to announce the new commitment.
High borrowing costs and a lack of...
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