New CVP Loan for Affordable Housing in Englewood

Categories: CVP
JCUA is excited to announce it’s newest Community Ventures Program (CVP) loan to Interfaith Housing Development Corporation (IHDC). IHDC was awarded a $100,000 loan to cover a portion of the predevelopment costs for Ogden Park Apartments, a 25-unit Permanent Supportive Housing (PSH) facility in the West Englewood neighborhood of Chicago. This development involves substantial rehabilitation of …

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JCUA Provides Two New Zero-Interest Loans to Latinos Progresando and Chicago Neighborhood Initiatives

Categories: CVP
 Community Ventures Program Update: JCUA Provides Two New Zero-Interest Loans to Latinos Progresando and Chicago Neighborhood Initiatives Latinos Progresando (LP), a 20-year old community organization, was awarded a $100,000 CVP loan to acquire and rehabilitate a 9330 sq. ft. facility in Little Village. This will allow LP to expand its services to the community through high-quality, low-cost immigration legal services, technical assistance to small …

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2017 Community Ventures Program Investor Report

Categories: CVP, JCUA Project and Campaign Endorsements
2017 was an exciting year for JCUA’s Community Ventures Program (CVP). With two new loans approved, increased money in the revolving grant fund, a very successful Neighborhood Impact Tour, new CVP staff, and a diverse pipeline of projects, CVP is making a significant impact in affordable housing, and community and economic development throughout Chicago neighborhoods. …

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New CVP Loan to Lincoln Park Community Services

Categories: CVP
We are excited to announce JCUA’s Community Ventures Program has just funded a new $100,000 loan to Lincoln Park Community Services (LPCS) to develop 48 interim supportive housing (ISH) units. The project is part of a 68-unit development that will include an additional 20 units of permanent supportive housing on the same campus. For the past 32 …

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JCUA’s Community Ventures Program Provides Loan to Warren Apartments

Categories: CVP, JCUA Statement
JCUA’s newest CVP zero-interest loan will help cover the predevelopment costs associated with the construction of Warren Apartments. Consisting of 75 units of mixed-income housing, this project complements the 89 units of supportive housing at neighboring Harvest Commons (renovated by Heartland in 2013), and addresses the great need for affordable workforce housing in the rapidly gentrifying …

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