The Chicago Community Loan Fund (CCLF), a nonprofit Community Development Financial Institution with nearly $200 million in assets, announced the retirement of Calvin L. Holmes after nearly 30 years with the organization, including over 26 as president.
Holmes joined CCLF as a loan officer in April 1995 and was named executive director in June 1998. During his years as CCLP’s president, Holmes also served as chairman of the CDFI Fund Advisory Board (2013-2017), vice chairman of Opportunity Finance Network (2000–2009), and he is currently the vice chairman of the African American Alliance of CDFI CEOs.
The CCLF board has appointed Bob Tucker as its next president, effective Jan. 1, 2025. Tucker has been serving as CCLF’s interim president since November 2022, when Holmes suffered what the organization described as a “health challenge.” Holmes will stay engaged with CCLF as an advisor.
“Calvin Holmes is a visionary in the community development finance industry,” said Erik Hall, chairman of CCLF’s board of directors. “He’s been an extraordinary president for CCLF, growing the loan fund from a tiny $3.7 million non-profit Community Development Financial Institution to an organization nearing $200 million in net assets. He’s been an inspiring leader across the community development landscape, both locally and nationally. Most importantly, he has helped make a tremendous, lasting impact in the many historically disinvested communities that CCLF serves across the Chicago metropolitan area.”
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