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Spanning the Region

Wednesday, January 1, 2003

Illinois Facilities Fund Receives National Honor

The Illinois Facilities Fund recently became the first recipient of the Wachovia CDFI Excellence Award for Advocacy.

The national award recognized the fund's leadership role in the formation of the Illinois Community Development Financial Institution Coalition, which works to increase economic activity in underserved markets.

The Illinois Facilities Fund, a nonprofit lender, provides below-market real estate loans and consulting services to nonprofit corporations serving low-income or special needs residents in Illinois. Since its inception in 1988, the fund has started a number of initiatives, including a real-estate services program, a study of the financial status of Illinois nonprofit organizations and a fund to increase licensed child-care facilities in Chicago.

To expand its work into central and southern Illinois, the fund opened an office in Springfield in January 2001 and recently conducted workshops in Carbondale.

For more information, contact the Illinois Facilities Fund, 730 E. Vine St., Suite 109, Springfield, IL 62703 or call (217) 525-7701.