Treasury’s Capital Magnet Fund awards $3.1 million to CIC

Community Investment Corporation (CIC) was awarded a $3.1 million grant by The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The grant will leverage an additional $22 million in private capital for CIC’s Opportunity Investment Fund, which will finance affordable housing units in areas of opportunity in Chicago and the surrounding suburbs. For more information, click here.