Celebrating Our Progress: Community Investment Corporation and The Preservation Compact Enter Second Round of the Housing Affordability Breakthrough Challenge
We are thrilled to announce that Community Investment Corporation (CIC) and The Preservation Compact (the Compact) have advanced to the second round of Enterprise‘s national Housing Affordability Breakthrough Challenge! This progression underscores the recognition and potential impact of our innovative proposal, the Small Developer Advantage.
Our proposal focuses on the critical issue of housing affordability in Chicago’s low- and moderate-income […]
Read moreEvent – From Policy to Practice: ADUs in the Chicago Region
On March 21, 2023 the Preservation Compact, Chicago Cityscape, CMAP, and Sightline Planning and Zoning partnered to present a lively, interactive morning of:
Panels featuring experts on equitable ADU policy, design & construction, and […]
Read moreCIC’s 5th Annual Neighborhood Forum – June 20th
CIC’s annual Neighborhood Forum brings together more than 200 residential property developers, managers, appraisers, brokers, lenders, community leaders, housing stakeholders, and policymakers to network and discuss trends in affordable rental housing throughout Chicago neighborhoods. Click here to register!
Read moreOpportunity Investment Fund Kick-Off
Community Investment Corporation (CIC) and The Preservation Compact’s new $36.5 million fund is an efficient model that uses low cost loans to enable developers to include affordable units in apartment buildings in high cost neighborhoods.
Investors and partners celebrated the closing of the fund at a reception hosted by BMO Harris Bank. CIC and the Compact also held a workshop for developers to explain the borrowing […]
Read moreCreating Affordability in High Cost Markets Workshop – March 5th!
Recent research demonstrates the importance of housing location to a person’s life outcomes. The new $36.5 million Opportunity Investment Fund (OIF) is a low cost financing incentive to create and preserve affordable units in higher cost neighborhoods with proximity to vital amenities and opportunities.
Attend The Preservation Compact’s workshop to learn more about the OIF program!
Creating Affordability in High Cost Markets: Opportunity Investment FundMarch 5th, 9:00-10:30amUniversity Center525 S. State St.
The […]
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