1. Energy and Environmental Committee
Chicago Community Loan Fund Helping create communities where people thrive
Kane County
Energy and Environmental Committee
August 18, 2010 1

2. How CCLF Works
Individuals, foundations, corporations, government and religious organizations invest in CCLF at below-market rates
CCLF re-lends these funds to groups engaged in community development & social services
CCLF now has over $25M under management
CCLF is a Community Development Financial Institution (CDFI), sometimes called an Opportunity Finance Organization.

3. Impact Across Chicagoland
Serve 6 county Chicago region
Provided 165 loans since 1991, totaling over $36 million in community financing
Leveraged $808 million of additional financing
Over 5,000 housing units created or retained
Over 1,000 jobs created or retained
1,700,000 square feet of nonprofit facility and commercial/retail space financed 3

4. Types of Projects Affordable housing Social service facilities
Arts facilities
Cooperatives
Educational facilities
Retail, commercial, or industrial facilities
Social enterprises 4

5. Technical Assistance Resources
Project Readiness Workshops
Topical workshops
Building for Sustainability
Foreclosure Prevention for Affordable For-Sale Housing Developers
Housing Cooperatives
Resource referrals
Comprehensive Development Assistance

6. Sustainable Building Resources
Annual two-day “Building for Sustainability” workshop
“A Guide to Building for Sustainability,” published in 2008
Sustainable Builders Working Group
Referrals and general guidance

7. CCLF as TA Provider to Kane County
Approved as subcontractor through Center for Neighborhood Technology in Winter 2009
Assist with design and implementation of Kane County Energy Efficiency Revolving Loan Fund
Use energy plan as guide for Revolving Loan Fund
Changed role in May / June to meet new DOE deadlines

8. CCLF as Loan Servicer w/ Kane County
Create Application and Loan documents
Conduct Underwriting
Loan Servicing – Collections and Billing
Borrower monitoring
Kane County
Approve loans
Energy Audits / Assessments
Monitor Energy Savings

9. Revolving Loan Fund Characteristics
Borrowers must be non-profit or government entities
Loan Sizes of $15K to $150K
Anticipate 5 to 15 projects
Used for ARRA eligible retrofit activities
Interest Rates of 0% to 3%
Prioritize projects that leverage other funds and have significant energy efficiency impact

10. Short Term Planning October 2010 1st Qtr 2011 June 2012
Launch of fund and begin formal marketing
1st Qtr 2011
Review and adjust program based on experience with first 2-3 projects
June 2012
Initial $340K fully disbursed

11. Long Term Planning Possibilities
Make fund a permanent resource
Potential for more than $500K within 5 yrs
Expand eligible borrowers
Commercial / Retail
Housing
Grow fund balance to increase impact
Partner with & leverage other programs
Identify additional investment and grant sources