When Opportunities Meet Determination, Communities Grow

With the support of our generous investors, forward-looking donors, and committed partners, CCLF was prepared to tackle the challenges of 2021 head-on.

Continuing to persevere in a challenging year, CCLF ended 2021 with continued growth and community impact.

Communities of Color Fund

  • Communities of Color Fund

    $25 million Total Amount of the Fund

  • Loans up to $1 Million

  • Initial Investors

    Bank of America
    CDFI Fund
    MacKenzie Scott
    PNC Bank
    Wells Fargo
    Wintrust Bank

We also continued lending for affordable housing and commercial retail in a constantly changing environment.

In 2021 we...

Closed 32 loans totaling $27.7 million
Leveraged another $80.4 million of investments
Reached $93 million in loans outstanding

So that we could...

Created or retained 297 jobs
Built or retained 294 housing units
Developed or retained 230,681 sq. feet of commercial real estate and community facility space

Since our founding in 1991, CCLF has closed 576 loans totaling $281,000,000 which has leveraged a total of $1,600,000,000 in additional investment.

Portfolio

By sector at year-end 2021

  • 17% Housing Multi-family

  • 5% Housing Single-family

  • 7% Housing Cooperatives

  • 30% Commercial Real Estate

  • 33% Community Facility

  • 8% Social Enterprise

By product
at year-end 2021

  • Predevelopment 19%

  • Construction 18%

  • Permanent 9%

  • Mini-permanent 52%

  • Equipment & Working Capital 2%

Outstanding Principal Balance

At year-end 2021

  • 2017 $58,692,314
  • 2018 $71,825,102
  • 2019 $79,039,254
  • 2020 $96,844,854
  • 2021 $92,749,111

Portfolio Quality

At year-end 2021

line chart
  • Delinquency (90+ days)
  • Loan Loss Reserve

*Non-accruals are not counted in delinquency.