Barrington Bank & Trust invests $1M in Chicago Community Loan Fund
BARRINGTON – Barrington Bank and Trust recently made a $1 million investment in the Chicago Community Loan Fund.
The Chicago Community Loan Fund is committed to helping create communities where people thrive in metropolitan Chicago by leveraging their investments in community development for the greatest impact possible. The organization remains Chicagoland-focused and dedicated to providing low-cost financing and technical assistance in low- to moderate-income communities that need it most.
Thus far, the fund has closed 274 loans which total more than $72 million, leveraged an additional $875 million, created/preserved over 6,700 units of affordable or mixed-income housing, 2,000 jobs, and 2.4 million square feet of community facility space or commercial/retail real estate.
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