Wednesday, October 18, 2017

CIC Chicago

37 Banks Invest $200 Million in CIC

At a reception at the Civic Opera House June 4 featuring appearances by Chicago Mayor Rahm Emanuel and Cook County Board President Toni Preckwinkle, CIC announced the renewal of its lending pool for $200 million through the year 2020. The pool will fund rehabilitation of 7,500 affordable rental units – ...

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The Preservation Compact

The Preservation Compact

CIC is the administrative headquarters for The Preservation Compact. The Preservation Compact brings together the region's public, private and nonprofit leaders to address the loss of affordable rental housing stock in Cook County.

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What is CIC?

Financing Provided by CIC

COMMUNITY INVESTMENT CORPORATION, Chicagoland’s Leading Multifamily Rehab Lender, is a not-for-profit mortgage lender that provides financing to buy and rehab multifamily apartment buildings with five units or more in the six-county metropolitan Chicago area. We also offer Property Management Training. CIC is a 2012 Recipient of the MacArthur Award for ...

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Financing Options

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CIC provides combined permanent and construction financing to rehab multifamily apartment buildings with five units or more in Cook, DuPage, Kane, Lake, McHenry and Will counties in Illinois. “The advantage of CIC is that you go to one place to borrow money for the rehab, and they also make you ...

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1-4 Unit Rental Redevelopment Loan Program

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FILLING A MARKET NEED Despite the headlines touting a rental comeback, many neighborhoods continue to struggle with distressed buildings, low values, and a need for affordable rental. Yet investors have had a hard time finding financing to redevelop groups of these buildings – a gap preventing more expansive neighborhood revitalization. ...

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Why Should I Do Business with CIC?

Why should I do business wiwth CIC?

Buy a new apartment building–or refinance and rehab one you currently own–with CIC’s combined permanent and construction financing in one process. DO IT EASIER, DO IT BETTER: Depending upon availability and eligibility, we also offer special programs including matching grants, interest rate subsidies and other financing tools that allow you ...

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Energy Savers

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One-Stop Energy Efficiency Shop for Multifamily Building Owners Energy is one of the least predictable operating costs in multifamily buildings. With more than 75 percent of buildings in Chicago built before 1942  and lacking basic energy efficiency improvements, many owners can save substantially on utility and operating expenses. CIC’s Energy ...

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