Marcus Perkins and Tracy Hughes are a husband and wife team that have together meticulously rehabbed and restored a 10-unit rental property in Bronzeville. As first-time CIC borrowers, Mr. Perkins and Ms. Hughes built on the investment knowledge they gained while undertaking several small projects before taking on this larger property in Bronzeville. Mr. Perkins’ […] Read More

Community Investment Corporation (CIC) is pleased to announce that it has appointed Stacie Young as the organization’s new president and chief executive officer, becoming the fourth president in the 37-year history of Chicago’s leading multifamily rehab lender. Young, a veteran affordable housing advocate who has led The Preservation Compact for the past 11 years, will […] Read More

If you are a struggling building owner or tenant – help is here! The Illinois Housing Development Authority (IHDA) and the City of Chicago have both opened the application periods for emergency rental assistance. The Preservation Compact convened partners at IHDA, Cook County, and the City of Chicago to coordinate information about their programs to […] Read More

Jeffrey Osuji has multiple entrepreneurial endeavors with one common goal: to invest in people and communities in a way that builds generational wealth and supports Black-owned enterprises.  “We know that most people build and pass along generational wealth through real estate, but it’s not really something that’s taught in school. The people I saw who […] Read More

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