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Supporting Information Facts

Department:

City Services

Chicago Development Fund

The Chicago City Council established the Chicago Development Fund (CDF) in July 2005. CDF is an Illinois not-for-profit corporation that allocates New Markets Tax Credits to eligible projects to the city.  The tax credits are being converted into investment capital for development projects located in qualified low-income census tracts.

CDF is governed by a board of directors chaired by the commissioner of the Department of Planning and Development (DPD). Other members include the city treasurer, the director of the Office of Management and Budget, the city's chief financial officer, and the chairs of the City Council committees on Finance, Economic and Capital Development, and Budget and Government Operations. The board elects its vice-chair, secretary-treasurer and all other officers annually.

The City Council has authorized the establishment of a board of advisors to serve as the mechanism by which CDF maintains accountability to the low-income communities that are to benefit from CDF investments. The board is designed to have nine members, including the commissioner of the Department of Planning and Development. Others are appointed by the mayor with the approval of the City Council.

Advisory Board Members:

  • Craig Chico
  • Angela Hurlock
  • Chet Jackson
  • Bernita Johnson-Gabriel
  • Rafael Leon (Chair)
  • Maxine Mitchell
  • Carlos Nelson
  • Rev. Richard Tolliver

Agendas are posted one week prior to meetings.

 

2014 Meetings

Advisory Board May 6, 2014 Agenda
Board of Directors May 13, 2014 Agenda
Advisory Board July 16, 2014 Agenda                                                                                
 

Board of Directors Aug. 6, 2014 Agenda
Advisory Board Sept. 15, 2014 Agenda
Board of Directors Sept. 16, 2014 Agenda                                                                                                                             
       

  2013 Meetings

Advisory Board May 15, 2013 Agenda                               Advisory Board December, 16, 2013 Agenda
Board of Directors June 4, 2013 Agenda                            Board of Directors December 19, 2013 Agenda
Board of Directors Sept. 5, 2013 Agenda       

 

2012 Meetings

Advisory Board January 30, 2012 Agenda
Board of Directors February 2, 2012 Agenda   
Advisory Board May 7, 2012 Agenda
Board of Directors May 15, 2012 Agenda

Advisory Board August 23, 2012 Agenda
Board of Directors September 11, 2012 Agenda
Advisory Board November 6, 2012 Agenda
Board of Directors November 13, 2012 Agenda

2011 Meetings  

Advisory Board January 2011 Agenda
Board of Directors January 2011 Agenda
Advisory Board April 2011 Agenda
Board of Directors April 2011 Agenda
Advisory Board July 15, 211 Agenda 
Board of Directors July 18, 2011 Agenda
Advisory Board September 29, 2011 Agenda
Board of Directors October 3, 2011 Agenda

 

2010 Meetings  

Board of Directors June 2010 Agenda
Advisory Board May 2010 Agenda
        Board of Directors January 2010  

Agenda
      Advisory Board October 29, 2010
Agenda
      Advisory Board September 2010
Agenda
        Board of Directors July 2010 

Agenda

2009 Meetings  

      Advisory Board October 2009
Agenda
      Advisory Board May 2009
Agenda
      Advisory Board April 2009
Agenda
      Board of Directors May 2009
Agenda
      Board of Directors April 2009
Agenda

Download the Chicago Development Fund intake application.