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 help stimulate private sector investment in economically distressed communities. The tax credits are converted into investment capital for community and economic development projects 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 Budget and Management, the city's chief financial officer, and the chairs of the City Council committees on Finance, Budget and Government Operations, and Economic, Capital and Technology Development. 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.

Board of Directors

  • Ciere Boatright, Chair
  • Melissa Conyears-Ervin
  • Pat Dowell
  • Jason Ervin
  • Annette Guzman
  • Jill Jaworski
  • William Jeffries
  • Rafael Leon
  • Gilbert Villegas

Advisory Board

  • Rafael Leon, Chair
  • Ciere Boatright
  • Craig Chico
  • Edward Coleman
  • Jaime DiPaulo
  • Angela Hurlock
  • Maxine Mitchell
  • Carlos Nelson
  • Rev. Richard Tolliver

 

2024 Meetings

Advisory Board Jan. 19, 2024 Agenda
Board of Directors Jan. 19, 2024 Agenda


2023 Meetings

Advisory Board April 28, 2023 Agenda
Board of Directors May 2, 2023 Agenda

Project Tour June 8, 2023 Agenda
(Informational; no business undertaken)


2022 Meetings

Advisory Board Nov. 29, 2022 Agenda
Board of Directors Dec. 2, 2022 Agenda

Advisory Board June 8, 2022 Agenda


2021 Meetings

Advisory Board May 21, 2021 Agenda
Board of Directors May 26, 2021 Agenda

Advisory Board Oct. 28, 2021 Agenda
Board of Directors Oct. 29, 2021 Agenda


2020 Meetings

Advisory Board May 14, 2020 Agenda
Board of Directors May 28, 2020 Agenda

Advisory Board Oct. 2, 2020 Agenda
Board of Directors Oct. 9, 2020 Agenda


2019 Meetings

Advisory Board March 22, 2019 Agenda
Board of Directors April 22, 2019 Agenda


2018 Meetings

Advisory Board April 18, 2018 Agenda
Board of Directors April 25, 2018 Agenda

Advisory Board July 30, 2018 Agenda
Board of Directors Aug. 1, 2018 Agenda


2017 Meetings

Advisory Board Jan. 18, 2017 Agenda
Board of Directors Jan. 26, 2017 Agenda
Board of Directors Feb. 22, 2017 Agenda
Advisory Board July 12, 2017 Agenda

Board of Directors July 18, 2017 Agenda
Advisory Board Nov. 8, 2017 Agenda
Board of Directors Nov. 17, 2017 Agenda


2016 Meetings

Advisory Board July 28, 2016 Agenda
Board of Directors Sept. 6, 2016 Agenda		  


2015 Meetings

Advisory Board January 13, 2015 Agenda
Board of Directors January 14, 2015 Agenda
Advisory Board May 19, 2015 Agenda

 Board of Directors May 19, 2015 Agenda
Advisory Board Aug. 24, 2015 Agenda
Board of Directors Aug. 25, 2015 Agenda

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
Advisory Board Nov. 21, 2014 Agenda
Board of Directors Nov. 24, 2014 Agenda


2013 Meetings

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

Advisory Board Dec. 16, 2013 Agenda
Board of Directors Dec. 19, 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 January 2010 Agenda
Advisory Board May 2010 Agenda
Board of Directors June 2010 Agenda
Board of Directors July 2010 Agenda
Advisory Board September 2010 Agenda
Advisory Board October 29, 2010 Agenda

2009 Meetings

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

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

 

To receive an application, please complete the Chicago Development Fund request form.

Supporting Information Facts

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