Why Invest in CIC?
Through investing in CIC you enable us to continue to do the hard work of revitalizing the Chicago region’s low and moderate income communities. This is not easy work, but CIC has a thorough understanding of Chicago area communities, and a specialized expertise in multifamily housing. Through CIC, public, private, and philanthropic investors pool their resources to address recognized areas of need.
In 1984, 14 financial institutions committed $17.5 million to initiate a program to finance the acquisition and rehab of multifamily rental housing in Chicago’s low and moderate income communities. Today, with financial commitments from 40 banks, Community Investment Corporation has the resources and expertise to fully serve the Chicago region’s multifamily market.
Why CIC is a good investment
Experienced – CIC staff, board, and loan committee members have decades of lending and community development experience.
Prudent, Cautious, Conservative – Skilled loan officers carefully underwrite loan proposals to ensure good performance and low default rates.
Self-Sufficient – Income from lending and other activities covers CIC expenses and generates an operating surplus every year.
Strong Relationships – Strong relationships with government, academic, and philanthropic institutions, as well as the private sector, broaden CIC’s reach, maximize results, and ensure innovative programs.
Solid Returns – CIC consistently delivers social impact and positive economic returns to investors.
NEW: Read Jack Markowski’s article in the Spring, 2015 OCC e-zine, Surprise! Most Affordable Rentals Are in Small Buildings
NEW: Financing the Survival of Small Rental Properties also in the Spring, 2015 OCC e-zine, by Carl Jenkins, BMO Harris Bank N.A. on their partnership with CIC.
NEW: Crain’s: Banks Lend $200 Million to CIC through 2020.