3C Community Profile: Humboldt Park
Take a stroll down the Paseo Boricua corridor on Division Street and it’s easy to see why Humboldt Park is one of Chicago’s most vibrant…
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.
Explore Our Discretionary Grants
Showing 5261–5268 of 4239 results
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Grant Recipient
Greater Auburn Gresham Development Corporation
The Greater Auburn Gresham Development Corporation (GAGDC) is seeking support for the Auburn Gresham Health & Wellness Campus Expansion project and related programmatic activities. This initiative aims to enhance community health outcomes, create workforce development opportunities, and contribute to Auburn Gresham's economic revitalization. The support will fund key project activities such as community engagement, architectural planning, and project management, ensuring that the expansion meets the evolving needs of the neighborhood. By investing in this project, we will provide vital health and wellness services while empowering residents and driving long-term economic mobility in the community.
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Grant Recipient
Little Village Chamber of Commerce
The Little Village - 26th Street Area Chamber of Commerce DBA: the Little Village Chamber of Commerce (“LVCC”) is pleased to offer this proposal to the Chicago Community Trust Neighborhood Development Champions funding opportunity. LVCC is focused on and committed to continuing to drive the effort to foster economic opportunities that will lead Latinos in Little Village and surrounding communities to build and achieve lasting generational wealth. LVCC’s proposed work is designed to unleash the entrepreneurial spirit and drive that has long defined the community in a focused, targeted approach. The Little Village Chamber of Commerce affirms that sustainable business growth and success is the most immediate, accessible pathway and opportunity for the residents of Little Village and nearby communities to truly build generational wealth. LVCC’s focus and targeted approach described in this proposal is consistent with the broader vision that the Little Village community has articulated in its most recent Quality of Life Plan (QLP.) The vision for economic development in the Little Village QLP is defined as “a thriving economic ecosystem grounded in principles of community wealth building, entrepreneurship, collaboration, and intergenerational knowledge. We envision an equitable and prosperous neighborhood with an inclusive and sustainable economy that fosters innovation, education, use of technology, and preserves cultural values. The plan includes clear, tangible goals to “Support Local Businesses, Entrepreneurs, and Emerging Entrepreneurs…” and “Increase Access to Capital and Opportunities.” The Little Village Quality of Life Plan is available here: https://issuu.com/littlevillageqlp/docs/qlp_full_document_issuu?fr=xKAE9_zU1NQ LVCC stands ready to serve as a Neighborhood Development Champion for Little Village and surrounding communities. LVCC’s confidence is grounded in its decades-long work engaging and earning the trust of the local small business owner community; launching sustainable initiatives that continue to draw visitors (and customers) to the Little Village commercial area; building community support for, deploying and managing effective mechanisms (Special Service Area #25 ) to ensure the cleanliness and ongoing beautification of 26th Street and, delivering direct, effective business technical assistance and support services to small business owners and entrepreneurs. LVCC’s closeness to the small business community defines it as the on-the-ground steward of a needed, vital element of a comprehensive community development strategy. LVCC draws strength from and is inspired by the community of small business owners and entrepreneurs that it represents and it serves. The very same community of individuals who are and will continue to be at the core of the effort to build generational wealth.
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Grant Recipient
FAR SOUTH CDC
The purpose of this application is to apply for general operating support to sustain the day-to-day operations and staffing of the Far South Community Development Corporation (Far South CDC). Far South CDC’s mission is to alleviate low-income communities on Chicago's far south side of poverty, blight, and economic distress through effective economic and community development. The organization achieves this through three main pillars: business services, community and housing services, and development & planning. To continue providing critical and vital services to the region, Far South CDC needs continued support in capacity and programmatic funds to further its mission. Far South CDC believes providing access to equitable housing options and support is key to building individual and community wealth on the far southside. Serving a community that is over 90% African- American, Far South CDC is a U.S. Department of Housing & Urban Development (HUD) Certified Housing Counseling Agency, which provides individuals seeking financing, maintaining, renting, or owning a home. The program also addresses homelessness through counseling and assists homeowners in need of foreclosure assistance. Through FSCDC's program mission ARMS (Attain, Retain, Maintain, and Sustain), the program has successfully assisted over 10,000+ residents in Chicago's far south side and south suburban Cook County. The services of our housing department include: (1) Pre-Purchase Assistance: Provides individuals an 8-hour Pre-Purchase Homebuyer Education course and assists in the home buying process; (2) Foreclosure Prevention: Assists existing homeowners through the foreclosure process and provides prevention assistance; (3) Rental & Homelessness: Provides individuals seeking rental assistance and keeping individuals from homelessness; and (4) Financial Education: Provides individuals with financial education, including family budgeting, investment strategies, and credit repair.
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Grant Recipient
E. G. Woode, L3C
A capital request in the amount of $500,000 to support the renovation of an existing 9000 SF building on the 63rd Street Corridor in Englewood to launch a food hub. The $7.1M food hub will house emerging food entrepreneurs from Englewood, providing access to two new, sit-down restaurants and a training kitchen for aspiring food entrepreneurs to prepare for their launch. The Project Developer is E.G. Woode, L3C, a minority-led company. EG Woode, has assembled an experienced development team comprised of Teresa Prim, of Prim Lawrence Group Company, a real estate development consulting firm, Applegate Thorne Thomsen has been retained as legal counsel. Beehyyve, a local minority-owned architecture firm, has been retained to provide architectural services. PAC Construction, a minority-owned general contractor, has been selected to provide general contracting services. EG Woode has site control, the property was purchased from the Cook County Land Bank Authority. Capital has been secured financing commitments to complete the project which includes: the City of Chicago TIF (5,000,000), State of Illinois REBUILD (1,164,683), Community Desk (90,000), LISC permanent mortgage of $214,982, $20,000 in Owners’ Equity, and 150,000 in deferred developer fees. LISC is providing construction bridge loan financing in the amount of $3,495,320, note commitment letter forthcoming. All project site due diligence has been completed, i.e., Construction documents have been submitted for building permit, Phase I, Asbestos/Lead Reports, etc. The project is ready to proceed, and the goal is to close on all financing in January 2024 and commence construction in February of 2024. See Evidence of Financing Commitments Attached.
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Grant Recipient
Chicago Community Foundation
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Grant Recipient
Chicago Community Foundation
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Grant Recipient
The Chicago Community Foundation/Connecting Capital & Community
3C aims to support interventions that look beyond individual projects to systems-level change that will impact the structure of opportunity for Black and Latine communities citywide. Funding from the February 2024 cycle facilitated the creation of a new, flexible lending product targeted to LMI homebuyers to increase their purchasing power – which officially launched September 2024. To make this work possible, we are collaborating with Transform Capital, Neighborhood Housing Services of Chicago, and Krambo. This grant will support the funding needed to originate additional loans, stewarded by NHS Chicago who is serving as the originator. The loan product will be intentionally aimed at a segment of the population not being served by products available in the market. Given that 3C is already funding a cohort of housing counseling partners to prepare a pipeline of 200 homebuyers and is supporting a cohort of mission-driven developers to develop affordable homes on 100 vacant lots in these 2 neighborhoods, the lending product will serve as a critical cornerstone to ensure that families who rent here, can become homeowners. We are piloting the product in East Garfield and Humboldt Park, for 25 families. The loan product is available through Neighborhood Lending Services, NLS, and it is a 30-year 3.5% fixed interest rate loan with no private mortgage insurance. Priority will be given to mortgage-ready buyers counseled by 3C housing counseling agencies and existing residents of the two neighborhoods, who purchase newly constructed homes from BIPOC and mission-driven developers in the 3C Developer Alliance. We have finalized our engagement structure with Krambo, who will do the securitization and/or private placement of the loans, allowing NHS Chicago to recycle the dollars into additional mortgages. Krambo will be conducting due diligence on the 3C partners involved in the pilot and will then pull together a market prospectus for the loan product. NLS will be providing a 20% credit support for the tranche of 25 loans. Two prospective buyers have already secured a pre-approval for the recently launched loan product and are scheduled for closing before the end of the year. 3C partners will continue to raise capital to support even more originations and the credit support requirements. With now all the tools in place – additional origination capital received from Schreiber Foundation, 3C loan product launched, grants available for 3C developers – we expect marketing and pipeline to ramp up in the coming months. We hope to prove that we can create a new secondary market for mortgage loans at a local scale and build out a case for Government-Sponsored Enterprises to purchase mortgages that align with 3C’s mission.
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Grant Recipient
Fresh Taste
Chicago Region Food System Fund (CRFSF/the Fund) respectfully requests $2,000,000 over 2 years ($1,000,000 a year for 2 years) to support the Fund’s regional food system grant work. CRFSF is a collaborative project that will continue to build on its success since launching in June 2020. Since then, $21,273,150 has been granted to 203 non-profit organizations who are working to strengthen the regional food system to make it more equitable, adaptive, and resilient. CRFSF is working to secure two- to three-year funding to ensure the continuation of its work as a forward-thinking, participatory grantmaking program with a Steering Committee of majority community members.