Tuesday, December 12, 2017

News

Jack Markowski: REO-to-Rental Meets Affordable Housing

Jack Markowski, President of CIC, recently had an article entitled “REO To Rental Meets Affordable Housing” featured on Affordable Housing Finance’s website.  The article focuses on CIC’s unique 1-4 Unit Rental Redevelopment Loan Program, and how vacant single-family homes can be utilized for affordable rental housing.  To read the full ...

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US Treasury CDFI Fund Awards CIC $1.25 Million

On September 10, 2015 the Department of the Treasury CDFI Fund announced a $1.25 million grant to CIC to support its efforts in providing financing for affordable housing in low-income areas. Financial Assistance awards of up to $2 million allow Community Development Financial Institutions such as CIC to sustain and expand their financial ...

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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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