Financial Assistance for Rental Housing

Preservation Compact Partners

Community Investment Corporation

Financing to buy and rehab multifamily apartment buildings with five or more units in the six-county metropolitan Chicago area
www.cicchicago.com

Energy Savers

Energy efficiency audits from Elevate Energy and low cost loans from Community Investment Corporation
www.elevateenergy.org
www.cicchicago.com

Chicago Community Loan Fund

Pre-development loans to community development organizations
www.cclfchicago.org

Enterprise Community Partners

Pre-development, acquisition, and other financing for government assisted housing.
www.enterprisecommunity.com

Financing for Acquisition, Rehab, and Pre-Development

Jewish Council on Urban Affairs

Zero-interest loans to Chicago area community-based organizations and nonprofits undertaking affordable housing projects
www.jcua.org

Local Initiatives Support Corporation

Loans and lines of credit, grants and recoverable grants, and equity investments to help community developers and other partners revitalize their neighborhoods
www.lisc.org

Low Income Housing Tax Credit

Financing for affordable rental housing for low-income households
www.ihda.org

www.cityofchicago.org

Tax-Exempt Bonds

Financing from the sale of Multifamily Housing Bonds by state and local government

www.ihda.org

www.cityofchicago.org

Rent Subsidies

Property Rental Assistance

Project-based vouchers for private developers and owners of properties in Chicago
www.thecha.org

Chicago Low Income Housing Trust Fund

Rent subsidies for buildings with low income tenants whose incomes are below 30 percent of median income
www.cityofchicago.org

HUD Housing Choice Voucher Fact Sheet

Subsidies for market rent units for former public housing residents
www.portal.hud.gov

Regional Housing Initiative (RHI)

Operating subsidies for developers and owners of quality rental housing
www.metroplanning.org

Tenant-based Rental Assistance

Financial assistance to individual households in order to enable them to rent market-rate units
www.hud.gov

 

Energy Loans and Programs

Energy Savers

Energy efficiency audits and low cost loans from Community Investment Corporation
www.elevateenergy.org
www.cicchicago.com

ComEd Smart Ideas

Residential Multi-Family Home Energy Savings Program
www.comed.com

HUD Green Refinance Plus

Funding for the refinance, preservation and energy efficient retrofits of government assisted affordable multifamily housing properties
www.portal.hud.gov

Illinois Energy Efficient Affordable Housing Construction Program

Grants to Illinois based non-profit and for-profit housing developers who include energy efficient building practices in the rehab or new construction of affordable housing units
www.illinoisbiz.biz

Illinois Home Weatherization Assistance Program

Funding for energy improvements in multifamily buildings with qualifying low income tenants
www.ildceo.net

HUD Green Initiative

Assistance with rehab costs in HUD properties undergoing Mark To Market restructuring that utilize green building principles
www.hud.gov

Peoples Gas/North Shore Gas

Energy assessments and rebates on energy saving equipment
www.peoplesgasdelivery.com

U.S. Department of Energy

Energy assessments and rebates on energy saving equipment
www.energysavers.gov

 

Taxes

Housing Opportunity Tax Incentive Act (HOTIA)

Initiative providing a property tax reduction to owners who provide rental housing through tenant-based or project-based vouchers in eligible, economically stable areas

HOTIA memo

Appealing Property Taxes

How to appeal property taxes
www.cookcountyassessor.com

Cook County Assessor’s Affordable Housing Initiative

How to appeal property taxes
www.cookcountyassessor.com