Paving the Path to Homeownership for Housing Choice Voucher Holders
Since the mid-20th century, homeownership has been one of the most important vehicles for building wealth in the United States. According to research from the…
Grants
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Our Grantmaking Strategy
For more than 100 years, The Chicago Community Trust has convened, supported, funded, and accelerated the work of community members and changemakers committed to strengthening the Chicago region. From building up our civic infrastructure to spearheading our response to the Great Recession, the Trust has brought our community together to face pressing challenges and seize our greatest opportunities. Today, that means confronting the racial and ethnic wealth gap.
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Grant Recipient
The Mokena Fellowship Center
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Grant Recipient
Bolingbrook Christian Health Center
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Grant Recipient
HEART HAVEN OUTREACH
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Grant Recipient
CANDOR HEALTH EDUCATION
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Grant Recipient
JUNIOR ACHIEVEMENT OF CHICAGO
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Grant Recipient
WEST SUBURBAN COMMUNITY PANTRY INC
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Grant Recipient
Block Club Chicago NFP
A $450,000 investment over three years from the Chicago Community Trust will support our broader editorial goals. This investment will help us hire a South Side reporter and bolster our coverage of the city’s South and West sides.
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Grant Recipient
South Shore Chamber Community Development Corporation
The South Shore Chamber of Commerce (SSCC) is seeking a $150,000 planning grant to structure a Community Investment Vehicle - "We the People" (WTP). The funds will be used to build-out the infrastructure of our steering committee, further explore the design and impact of various wealth building models and hire an experienced consultant with technical resources and expertise in structuring community wealth building models to assist our steering committee with designing and testing the feasibility of our conceptual framework. The framework will include the design, implementation and management of our CIV. As an attachment to the application, we outlined our initial thinking related to property types, target areas, community investor profiles, and other key elements identified in the research lead by Community Desk Chicago. Our goal is to leverage the resources from the Chicago Community Trust to test our assumptions and answer our questions with the support of a team of experts. We believe through targeted real estate development, we can provide local community ownership of assets while enhancing the corridor experience for residents. Through the design of our CIV, we hope to create an equity model that provides residents ownership and wealth creation opportunities. We are approaching our design efforts in a democratic way to allow local area residents, entrepreneurs and institutional leaders to all have a voice and control over their community. In partnership with local non-profit organizations, this model supports educating resident owners on the financial impact of investing in their neighborhood. We are designing our CIV to create jobs and increase financial stability of households across South Shore "uniting" its residents through a shared mission. Through the help of our team, our model will also serve as a catalytic investment model that will recapitalize over time creating ongoing economic impact that can be deployed across other South Shore retail corridors.