Leodus Thomas Jr., a local developer and longstanding CIC borrower, recently celebrated the renovation of an 8-unit property in the Galewood neighborhood of Chicago. CIC had the honor to serve as a lender for this project which, in addition to providing much-needed affordable units, serves as an anchor corner lot property in the Galewood community. Before CIC’s […] Read More

Join CIC for an engaging discussion at our 2024 Neighborhood Forum! Make new connections with more than 200 developers, owners, managers, brokers, and lenders. Share knowledge and best practices for owning and operating neighborhood real estate while addressing the challenges of rising operational costs. The event includes a panel discussion followed by a networking reception. […] Read More

A Message From Stacie Young, CIC President & CEO I am delighted to share that this year marks a significant milestone for CIC as we celebrate our 50th anniversary! Over the past five decades, CIC has delivered on our commitment to preserve affordable rental housing and revitalize neighborhoods. This year marks a unique moment to reflect […] Read More

We invite you to join us at the upcoming 2023 Neighborhood Forum hosted by the Community Investment Corporation (CIC) on May 23, 2023, at Malcolm X College. Our Neighborhood Forum is a significant event that brings together community members, industry professionals, and local owner-operators to discuss critical issues affecting the community’s economic development and growth. […] Read More

Today ComEd announced CIC as one of three nonprofits selected to receive $450,000 from ComEd’s New Climate-Friendly Grant Assistance program. The grant was created to expand and improve access to climate-friendly programs across northern Illinois. Governmental reports show climate change disproportionally impacts under-resourced communities. CIC will use this funding to help small, local owner-operators to […] Read More

Nautilus Investments was founded by Sandeep and Carolyn Sood in 2007.  With a portfolio of roughly 190 units, the majority of which are located in the South Shore neighborhood, the Sood’s were looking to expand and purchase property in Hyde Park. The added equity from CIC’s Mezzanine Debt loan product enabled the Sood’s to purchase […] Read More

For more than 30 years, these long-time CIC borrowers have operated and managed many properties in the Chicago area. Since first becoming borrowers of CIC’s multifamily program in 1992, they have returned for additional loans totaling over $9 million. Currently, the family business owns and manages 500 units in Edgewater, Rogers Park, Oak Park, and […] Read More

For the last nine years, these local developers have invested in multifamily and mixed-use properties in the Evanston submarket and the northside of Chicago. When looking to increase scale in another stable suburban area, they partnered with CIC and used its Mezzanine Debt loan product to refinance their existing property and purchase a second property […] Read More