At a virtual meeting of its investor institutions on December 16, 2020, Community Investment Corporation (CIC) announced that it delivered $42 million in loans and grants to acquire, rehab, and preserve over 950 units of affordable rental housing in FY 2020. Virtually all units financed were affordable to households at or below 80% area median […] Read More

CHICAGO (January 12, 2021) – Community Investment Corporation (CIC) announced today that it has retained the services of Koya Partners, a leading executive search and strategic advising firm, to manage the search for its new President and CEO. Current CIC President Jack Markowski previously announced in 2020 his intention to retire after successfully leading the […] Read More

CIC is pleased to announce that it has been awarded a major unrestricted grant from philanthropist MacKenzie Scott to accelerate its work in providing credit and resources to support affordable rental housing and local building owners in Chicago. The $8 million gift represents the largest individual grant ever received in CIC’s 45 year history. “We […] Read More

Community Investment Corporation (CIC), Mayor Lori E. Lightfoot, and Department of Housing Commissioner Marisa Novara have announced a $330 million commitment from 40 investor banks to finance the acquisition and rehabilitation of 7,000 units of affordable rental housing over the next five years. In a news conference at a CIC-financed building in Chicago’s South Shore […] Read More

After years of teaching property management to investors, there’s one term that signals to Jessica Sivels that she’s got a lot of educating to do: “passive income.” When students walk in the door with a dream of mailbox money, she sets them straight. “They have to understand that it is hands-on,” the director of property […] Read More

The way we live and work has completely changed over the past four months. Though we are still in the midst of a global pandemic, the need for high quality and affordable rental housing is as important as ever. CIC is open for business and ready to work with you on your next multifamily rental […] Read More

We’re here to help. CIC and The Preservation Compact are working to compile relevant resources that may be helpful to building owners and tenants during the COVID-19 health pandemic. Along with our resources for tenants and owners, local and national housing stakeholders have compiled important resources and information for owners, tenants, and organizations about COVID-19. […] Read More

CIC was pleased to be featured in the Federal Home Loan Bank of Chicago’s 2019 annual report video, released in March 2020. The video showcased Casa de Sol, a 54-unit single room occupancy building in Pilsen developed by The Resurrection Project (TRP). CIC served as TRP’s lender and AHP sponsor for the project. Jack Markowksi […] Read More