“Small rental housing providers are in many cases the backbone of a neighborhood and, like the tenants they serve, these entrepreneurs have been hard hit by the pandemic.” Stacie Young, CIC President and CEO Wells Fargo recently announced that it has awarded grants to five Chicago nonprofit organizations and Community Development Financial Institutions (CDFIs) – […] Read More

Property Tax Incentives Live Virtual Event Thursday, September 23, 12pm (free registration) A new statewide property tax incentive for multifamily rental was recently signed into law by Governor Pritzker. The program is launching early next year and you may be eligible to receive as much as a 35% reduction in your assessed value! This groundbreaking […] Read More

Our Stories is an ongoing CIC initiative to showcase Black real estate professionals and their contributions to the affordable housing and community development industries. To submit your own story for inclusion in a future profile, email CIC at ourstories@cicchicago.com. Read more about this initiative here. Marcus Perkins and Tracy Hughes are a husband and wife […] 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

Our Stories is an ongoing CIC initiative to showcase Black real estate professionals and their contributions to the affordable housing and community development industries. To submit your own story for inclusion in a future profile, email CIC at ourstories@cicchicago.com. Read more about this initiative here. Jeffrey Osuji has multiple entrepreneurial endeavors with one common goal: […] 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