CIC’s success is directly related to the investments of Chicago area institutions, who have made long-term commitments to CIC loan programs.
Investor Relations
Real Return. Real Impact.
At the core of CIC’s sustained success over the past 35 years are the partnerships with financial institutions, government, and philanthropic institutions. Beginning with $17.5 million in commitments from 14 investors, CIC has grown to $365 million in commitments from 50 investors. In addition to growing in size, CIC has expanded and diversified its investor and funding pool to include not only multifamily investors, but also investors in a 1-4 unit loan program, the Opportunity Investment Fund, and Program Related Investments (PRIs).
Invest in CIC
Contact us to learn more about making an investment with CIC.
Investors
CIC loan programs are made possible by the investments of over 40 financial institutions, government, and philanthropic partners.
- The Northern Trust Company
- Fifth Third Bank
- BMO Harris NA
- PNC Community Development Company, LLC
- CIBC Bank USA
- Wintrust Financial Corporation
- JPMorgan Chase Bank
- First Midwest Bank
- Associated Bank of Chicago
- Byline Bank
- MUFG Union Bank
- First Bank of Highland Park
- Wintrust Bank (WFC)
- Leaders Bank
- Northbrook Bank and Trust Company (WFC)
- Providence Bank
- First Bank and Trust Company of Illinois
- Huntington Bank
- First Savings Bank of Hegewisch
- Lake Forest Bank and Trust Company (WFC)
- First Eagle Bank
- Inland Bank and Trust
- First American Bank
- First National Bank of Brookfield
- Liberty Bank for Savings
- GreenState Credit Union
- Hinsdale Bank & Trust Company (WFC)
- Amalgamated Bank of Chicago
- Forest Park National Bank & Trust
- Barrington Bank and Trust (WFC)
- International Bank of Chicago
- Old Plank Trail Community Bank (WFC)
- Beverly Bank & Trust (WFC)
- Wheaton Bank & Trust (WFC)
- West Suburban Bank
- Old Second National Bank
- Republic Bank of Chicago
- Lakeside Bank
- Burling Bank
- Devon Bank
- The Northern Trust Company
- BMO Harris Bank
- Northbrook Bank & Trust (WFC)
- Lake Forest B&T (WFC)
- Wintrust Bank
- Village Bank & Trust (WFC)
- Hinsdale Bank & Trust (WFC)
- Wheaton Bank & Trust (WFC)
- Providence Bank & Trust
- First Savings Bank of Hegewisch
- Leaders Bank
- Liberty Bank for Savings
- CIBC
- BMO Harris
- Fifth Third Bank
- The Northern Trust Company
- TCF
- Byline Bank
- Benefit Chicago
- City of Chicago
- U.S. Department of Treasury Capital Magnet Fund
- City of Chicago
- Illinois Housing Development Authority
- Federal Home Loan Bank of Chicago
- U.S. Department of the Treasury
– CDFI Fund
– Capital Magnet Fund - MacArthur Foundation
- Benefit Chicago
- Energy Foundation
- The Chicago Community Trust
- Polk Bros. Foundation
- JPMorgan Chase Foundation
- Wells Fargo
- U.S. Bank
CIC is a certified Community Development Financial Institution (CDFI), a member of the Federal Home Loan Bank of Chicago, and an approved FHA Multifamily lender.
How It Works
Banks participate in CIC’s Multifamily and 1-4 Unit Loan Programs via a unique concept – the Note Purchase Agreement (NPA).
Originally created in 1984, and amended many times over the years to adapt to changing conditions, the NPA is a proven, effective, and efficient vehicle for investors to participate in CIC loan programs.
The NPAs provide a predictable source of long-term capital for acquisition and rehabilitation of affordable housing, and they offer banks a unique opportunity to support low and moderate income communities.
Why Invest in CIC
CIC is the largest lender for multifamily rental housing in low and moderate income Chicago neighborhoods. CIC loans perform better than other lenders, and have provided 30 years of positive returns to investors.
Overall, CIC’s multifamily lending has significantly outperformed other lenders.
Overall Share of Small Multifamily Mortgages with a Foreclosure (2005 to 2017)
*DePaul Institute for Housing Studies. Report on CIC lending activity and performance in CIC markets.
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. Loan committees review and approve proposals and ensure compliance with CIC lending policies.
Strong Relationships
Strong relationships with government, academic, and philanthropic institutions, as well as the private sector, broaden CIC’s reach, maximize results, and lead to responsive and innovative programs.
Solid Returns
CIC consistently delivers social impact—rehabilitation and preservation of affordable rental housing and community development—as well as economic returns to investors.
Comprehensive Approach
Beyond the financial transactions, CIC assists borrowers throughout the loan process and provides information and resources to strengthen property management. CIC’s complementary programs—buying and selling distressed properties and pursuing code enforcement on troubled buildings—create an environment that supports the long-term success of CIC investments.
Invest in CIC
Contact us to learn more about making an investment with CIC.
Documents and Reports
Financials and Reports
CIC publishes an annual Performance and Credit Review Report, and yearly audited financial statements.
- Audited Financials FY 2022
- Annual CIC Performance and Credit Review Reports (PCR)
2022 2021 2020
Term Sheets
Learn more about the structure and impact of making an investment in CIC.
Leadership and Planning
Documents related to CIC’s governance and strategic planning.