Chicago Community Loan Fund

Republic Bank Named a Best Bank in America by Newsweek

Friday, October 15, 2021 - 8:08pm

Republic Bank & Trust Company (Republic or the Bank) has been named Best Bank in Kentucky with assets up to $10 billion in Newsweeks annual rankings, Americas Best Banks 2022 .

Key Points: 
  • Republic Bank & Trust Company (Republic or the Bank) has been named Best Bank in Kentucky with assets up to $10 billion in Newsweeks annual rankings, Americas Best Banks 2022 .
  • View the full release here: https://www.businesswire.com/news/home/20211015005602/en/
    We are thrilled to be recognized by Newsweek, Republic Bank President and CEO Logan Pichel said.
  • Earlier this year, Republic led a unique bank loan partnership to support the Louisville Urban Leagues West Louisville health and wellness facility.
  • Republic Bancorp, Inc. (the Company) is the parent company of Republic Bank & Trust Company (the Bank).

Republic Bank Named a Best Bank in America by Newsweek

Friday, October 15, 2021 - 1:00pm

Republic Bank & Trust Companys (Republic or the Bank) has been named Best Bank in Kentucky with assets up to $10 billion in Newsweeks annual rankings, Americas Best Banks 2022 .

Key Points: 
  • Republic Bank & Trust Companys (Republic or the Bank) has been named Best Bank in Kentucky with assets up to $10 billion in Newsweeks annual rankings, Americas Best Banks 2022 .
  • We are thrilled to be recognized by Newsweek, Republic Bank President and CEO Logan Pichel said.
  • Earlier this year, Republic led a unique bank loan partnership to support the Louisville Urban Leagues West Louisville health and wellness facility.
  • Republic Bancorp, Inc. (the Company) is the parent company of Republic Bank & Trust Company (the Bank).

Amped Kitchens Addresses Chicago's Growing Need for Food Production Space

Thursday, October 14, 2021 - 1:48pm

Amped Kitchens began the $25 million renovation of the long-vacant Zenith factory at 5801 West Dickens Avenue in late 2019. This facility offers 64 private kitchens (from 150 square-feet to almost 2,000 square-feet). Each lease includes key amenities needed by growing food businesses: refrigerated, frozen, and dry storage -- as well as office space, meeting rooms, attended shipping docks, packing rooms, and an on-site USDA office. In addition, Amped Kitchen tenants have access to expedited government approvals and easier certification pathways, including organic and kosher. Amped's "plug-and-play" kitchen model offers tenants huge time and capital savings versus building their own space.

Key Points: 
  • Today, with partner Chicagoland Food & Beverage Network, Amped Kitchens will celebrate its diverse base of food makers and introduce the space to the Chicago food-making community.
  • Amped Kitchens began the $25 million renovation of the long-vacant Zenith factory at 5801 West Dickens Avenue in late 2019.
  • Amped Kitchens currently leases to established and fast growing food businesses including CPG companies, restaurants needing commissary/central kitchen space, meal subscription companies, and anyone looking for R&D or pilot production space.
  • This Chicago location is Amped Kitchens' third U.S. facility and its first outside of Los Angeles.

S&P Global Upgrades BlueHub's Rating To 'A'

Wednesday, September 8, 2021 - 12:00pm

S&P upgraded BlueHub Loan Fund's financial outlook to 'A', citing increased equity and strong portfolio management.

Key Points: 
  • S&P upgraded BlueHub Loan Fund's financial outlook to 'A', citing increased equity and strong portfolio management.
  • BlueHub Loan Fund provides financing to affordable housing projects, community health centers, schools and other community assets in low-income areas.
  • S&P raised both BlueHub Loan Fund's long-term issuer credit rating and series 2020 Sustainability Bond rating to 'A' with a stable outlook.
  • According to S&P Global , the increased rating reflects BlueHub Loan Fund's:
    improved financial strength with significant increases in equity;
    and proactive loan portfolio management.

Citi Recognized as an Eleven-Time Industry Leader in Affordable Housing

Tuesday, March 23, 2021 - 1:01pm

Citi was once again recognized as the largest affordable housing lender in the Country, according to Affordable Housing Finance (AHF) Magazines annual survey of affordable housing lenders.

Key Points: 
  • Citi was once again recognized as the largest affordable housing lender in the Country, according to Affordable Housing Finance (AHF) Magazines annual survey of affordable housing lenders.
  • Citi Community Capital, the bank unit through which Citi works to finance all types of affordable housing and community development projects, reported over $7 billion of lending to finance affordable rental housing projects in 2020.
  • Total lending and investing by Citi Community Capital in 2020 was over $8.2 billion in affordable housing, education, healthcare and small businesses across 216 U.S. cities.
  • Reaching over 27,000 subscribers in print and online, Affordable Housing Finance is the only national publication serving owners, developers, managers, and investors involved in the production and preservation of affordable housing.

LISC awarded $7.5M Capital Magnet Fund grant for affordable housing, economic development

Tuesday, February 23, 2021 - 9:24pm

NEW YORK, Feb. 23, 2021 /PRNewswire/ --The federal government awarded the Local Initiatives Support Corporation (LISC) $7.5 million from the Treasury Department's Capital Magnet Fund (CMF).

Key Points: 
  • NEW YORK, Feb. 23, 2021 /PRNewswire/ --The federal government awarded the Local Initiatives Support Corporation (LISC) $7.5 million from the Treasury Department's Capital Magnet Fund (CMF).
  • LISC's award will help leverage $181 million in affordable housing and economic development in deeply distressed rural and urban communities located in 15 states.
  • LISC received the third largest of CMF's $175.35 million in grants, announced by the Community Development Financial Institutions Fund (CDFI Fund), which is part of the Treasury Department.
  • "The Capital Magnet Fund gives us another way to help developers address financing gaps and build affordable housing in communities where there is high demand," Max explained.

BlueHub Loan Fund Tops List of Financial Awards from CDFI Fund with $3.7 million

Wednesday, September 30, 2020 - 1:00pm

BOSTON, Sept. 30, 2020 /PRNewswire/ --BlueHub Loan Fund announced today it was awarded over $3.7 million in funding from the Department of the U.S. Treasury's Community Development Financial Institutions (CDFI) Fund.

Key Points: 
  • BOSTON, Sept. 30, 2020 /PRNewswire/ --BlueHub Loan Fund announced today it was awarded over $3.7 million in funding from the Department of the U.S. Treasury's Community Development Financial Institutions (CDFI) Fund.
  • BlueHub Loan Fund is an affiliate of BlueHub Capital, a national nonprofit community finance organization with the mission of building healthy communities where low-income people live and work.
  • BlueHub's $3,768,750 in CDFI Fund awards include:
    A $650,000 Financial Assistance award to expand lending in Texas, a new geography for BlueHub this year.
  • The CDFI Fund awarded 397 CDFIs $204.1 million in awards in FY 2020.

Florida Community Loan Fund Awarded $825,000 for Low-Income Communities

Friday, September 25, 2020 - 5:12pm

ORLANDO, Fla., Sept. 25, 2020 /PRNewswire/ -- Florida Community Loan Fund , a statewide nonprofit lending institution, announced it was awarded $825,750 by the U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund.

Key Points: 
  • ORLANDO, Fla., Sept. 25, 2020 /PRNewswire/ -- Florida Community Loan Fund , a statewide nonprofit lending institution, announced it was awarded $825,750 by the U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund.
  • FCLF has a 25-year history of providing capital for community and economic development in Florida, creating a high social impact.
  • About Florida Community Loan Fund.
  • Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 20+ year history of providing flexible capital and expertise to people and places outside the economic mainstream across Florida.

Charter Makes $10 Million Commitment And Launches Spectrum Community Investment Loan Fund

Thursday, February 27, 2020 - 2:00pm

STAMFORD, Conn., Feb. 27, 2020 /PRNewswire/ --Charter Communications, Inc.today announced the creation of the Spectrum Community Investment Loan Fund.

Key Points: 
  • STAMFORD, Conn., Feb. 27, 2020 /PRNewswire/ --Charter Communications, Inc.today announced the creation of the Spectrum Community Investment Loan Fund.
  • The Loan Fund will invest $10 million in capital by the end of 2021, making loans up to $1 million to each CDFI.
  • During the first half of 2020, the Spectrum Community Investment Loan Fund will invest $1 million in Pursuit Community Finance (formerly known as the Excelsior Growth Fund) in New York, and $1 million in PeopleFund, a CDFI based in Texas.
  • The Loan Fund also expects to invest $1 million in an Ohio-based CDFI later this year.

Community Housing Capital Appoints Three New Board Members

Monday, August 19, 2019 - 7:00pm

DECATUR, Ga., Aug. 19, 2019 /PRNewswire-PRWeb/ -- Community Housing Capital (CHC), a national, nonprofit community development financial institution announces the appointment of three new members to its Board of Directors.

Key Points: 
  • DECATUR, Ga., Aug. 19, 2019 /PRNewswire-PRWeb/ -- Community Housing Capital (CHC), a national, nonprofit community development financial institution announces the appointment of three new members to its Board of Directors.
  • CHC is pleased that Mr. Martin has chosen to add his expertise to the Community Housing Capital board.
  • Incorporated in 2000, Community Housing Capital is certified as a community development financial institution and a community development entity by the U.S. Treasury's CDFI Fund.
  • Community Housing Capital has, through its lending activity, created or preserved over 18,768 units of affordable housing and facilitated $2.3 billion in total development.