CIC Names Stacie Young New President & CEO
Stacie Young has been appointed President & CEO of Community Investment Corporation (CIC), becoming the fourth president in CIC’s 37-year history as Chicago’s multifamily rehab lender. Young, a veteran affordable housing advocate who has led The Preservation Compact for the past 11 years, will succeed Jack Markowski, who is retiring after 14 years at the helm of CIC
“I am honored to […]
Read moreNew Property Tax Incentive
A property tax incentive championed by a dream advocacy team – Housing Action Illinois, Illinois Housing Council, MPC, and Enterprise Community Partners – was included in the landmark affordable housing omnibus that passed the Illinois General Assembly at the end of May.
This policy—which emerged from a Preservation Compact working group—is an important tool for preserving our vital stock of naturally occurring affordable housing […]
Read moreERA Programs Are About to Close, Don’t Miss Out!
The Illinois Housing Development Authority and the City of Chicago’s emergency rental assistance programs are currently open for applications. Learn more about these programs at chicookilrenthelp.org – a unified rental assistance page the Preservation Compact created with IHDA, the City of Chicago, and Cook County.
Program Deadlines
For IHDA’s statewide rental assistance program (also known as ILRPP), housing providers/landlords may initiate a joint application through […]
Read moreCOVID-19 Utility Assistance Funding Available
Now that the moratorium on utility shut-offs has ended, it is vital people contact their utility companies to learn what protections are available. Information can be found on the Citizens Utility Board (CUB) fact sheet. This includes bill payment assistance by utilities and additional Low Income Home Energy Assistance Program (LIHEAP) funding.
Read morePreserving Owners to Preserve NOAH: Markets, People and Strategies in Chicago and Los Angeles
Tuesday, April 20, 3:00pm CTJoin The Preservation Compact, the Chan Zuckerberg Initiative, and the Commissioner of the City of Chicago Department of Housing for a discussion about preserving Naturally Occurring Affordable Housing (NOAH).This webinar will highlight two sets of NOAH preservation strategies: a new initiative in South Los Angeles to support local rental property owners with smaller portfolios, and several existing NOAH […]
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