| Additional CIC Borrower
Success Stories
Wanda and Martin Grant
The three-story, 8-unit apartment building in Lawndale stood vacant
for nearly a decade and required extensive rehab. Wanda Grant, who
grew up in Lawndale, and her husband, Martin Grant, worked diligently
to secure the necessary financing to save this building that was
in immediate danger of being demolished by the city. Rehabilitation
costs exceeded $45,000 per unit. The Grants had difficulty obtaining
rehab financing until they approached CIC, which approved a loan
through the Flex Fund Program, allowing them to make improvements
without the use of government funds. This residential rental property
is one of four saved by the Grants in the Lawndale community.
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