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.
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Grant Recipient
Arab American Action Network
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Grant Recipient
Duo Development
A locally owned vacant lot development anchored in the concept of Liberation: a place to gather, replenish, learn and create. This will be in the form of a phased development of an open-plan commercial building that will be informed and programmed based on resident input based on years of local community engagement. Additionally, the lot will be one of the few projects in the country that use Regulation Crowdfunding hyper-locally to sell shares of equity ownership to non-accredited residents, treating them as owners and investors in the property. We plan to use this project as a proof of concept and build a replicable model for new ways of financing and building real estate in disinvested neighborhoods. We've been selected as Neighborhood Opportunity Fund finalists, which has allowed us to begin moving forward with the process. Support from the Chicago Community Trust would allow us to develop the lot and conduct the regulation crowdfunding while thoroughly documenting the journey and pain points to be resolved for future projects of this kind.
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Grant Recipient
Chicago Community Foundation
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Grant Recipient
LATINO UNION INC
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Grant Recipient
Puerto Rican Cultural Center
Revitalization of existing Puerto Rican Cultural Center properties along Division Street as part of an effort to enhance the Puerto Rico Town Landscape.
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Grant Recipient
Paso- West Suburban Action Project
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Grant Recipient
MANO A MANO FAMILY RESOURCE CENTER
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Grant Recipient
Teamwork Englewood
Acquisition and renovation of a commercial property on 63rd in Englewood to serve as the TWE headquarters and to reactive vacant storefronts along the major commercial corridor.