In February, the City of Chicago announced its plans to develop and preserve affordable housing in the Woodlawn community. One component of the plan would create the Woodlawn Loan fund, to be administered by CIC. This fund would establish a $7 million fund for developers rehabbing homes in Woodlawn.

Crain’s Business Chicago recently covered Community Initiatives, Inc. (CII) acquisition of vacant lots in Woodlawn. Jonah Hess, Director of CII, was interviewed for the story. At the request of the City, CII purchased seven vacant lots on East 63rd Street at a bankruptcy auction, for eventual transfer to the City of Chicago to promote its […] Read More

Subhead / Intro style if necessary On June 21, 2018, Mayor Rahm Emmanuel announced the launch of the Opportunity Investment Fund (OIF) as a key pillar in the Mayor’s new affordable housing strategy. At the Annual Report to Investors on December 18, CIC announced to investors that it delivered $67 million in loans and grants […] Read More

CIC and The Preservation Compact are providing technical assistance to the City of Detroit and other partners to launch Detroit’s Preservation Partnership. The goal of this partnership is to guide and finance citywide housing renovation efforts while at the same time attempting to eliminate the risk of rent spikes and other increases. Stacie Young will […] Read More