Preservation Spotlight

CMHDC Albany ParkChicago Metropolitan Housing Development Corporation (CMHDC) received a $2,835,000 loan from Community Investment Corporation (CIC) to acquire three properties with a total of 18 units in Albany Park. This will be part of CMHDC’s program to preserve affordable housing in a community with increasing rents.

The Preservation Compact and CIC are developing the Opportunity Investment Fund to provide additional financing to these types of projects in strong markets.