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Landmarks Illinois Loan Funds South Side Preservation Effort
Landmarks Illinois, the statewide historic preservation nonprofit, issued its first loan through its Reinvestment Program Loan Fund to the Greater Chatham Initiative (GCI) to help finance the preservation of a South Side building that is now home to the organization’s “Artist on the 9” co-working space and gallery.
The loan to GCI funded historic storefront repairs at 735 E. 79th St. in the Chatham-Greater Grand Crossing Commercial Historic District, where GCI recently opened Artists on the 9.
“Our goal with this loan program is to provide accessible funding and lending terms to worthy preservation projects in Illinois that may be unable to attain conventional financing,” said Bonnie McDonald, president & CEO of Landmarks Illinois.
GCI is a nonprofit charged with developing and driving the implementation of a comprehensive strategy to revitalize the Chatham, Auburn Gresham, Avalon Park and Greater Grand Crossing neighborhoods on the South Side of Chicago.
- ◦Development
- ◦Financing


