CCLF - What does CCLF stand for? The Free Dictionary
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is a nonprofit certified community development financial institution that provides low-cost, flexible financing and hands-on technical assistance to community developers for affordable housing, commercial retail development, community facility space and social enterprises.
Here's how investors would work with a fund such as the CCLF
: You would accept a below-market return -- typically 0 to 3 percent -- in exchange for a "social dividend." The spread between the below-market rate and what CCLF
earns on community investments helps to offset operating costs.
C[Cl.sub.2]FCCl[F.sub.2] [right arrow] CClF
The Federal Home Loan Bank of Chicago said the certified community development financial institution Chicago Community Loan Fund (CCLF
) has been named a partner of the Community First Fund and is the recipient of a USD5 million, 10-year loan.