Portfolio Health Initiative: Year 1 Report now available!

This report shares findings from the first year of the ongoing Portfolio Health Initiative, a collaborative research effort with the Illinois Housing Council focused on systemic challenges in subsidized affordable housing.

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New NOAH Preservation Tool Released!

Explore the mapping tool here

Cook County Multifamily Property Tax Relief Program Preserves Affordability & Delivers Savings.

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Together we are
changing communities.

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We are fiercely committed
to preserving affordable
rental housing.

How it works

Why preservation?

Preservation is cost efficient and sustainable – new construction can cost more than $300,000 per unit, while apartments in the private market can be rehabbed and preserved for under $60,000 per unit. New construction requires all new materials, while preservation is environmentally sustainable and strengthens the solid rental stock that already anchors Chicago and Cook County.

The Preservation Compact drives intentional, concrete strategies that preserve affordable rental housing. The Compact and our partners have helped to create real preservation solutions and a lasting policy framework. Learn more about the Compact’s guiding principles and priorities.

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Background

Over fifteen years ago, a diverse group came together to tackle a critical challenge: preserving affordable rental housing.

The Preservation Compact is a policy collaboration known for driving concrete strategies – and real impact.

Compact partners range from government to developers, from industry to grassroots groups. Partners rely on the Compact as both thinktank and launchpad, to collectively solve problems they can’t take on alone.

Innovative new strategies cover both subsidized, and unsubsidized naturally occurring affordable buildings.

The Preservation Compact is housed at Community Investment Corporation (CIC), a non-profit lender.

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