Financial Tools
Financing
This section includes sources for acquisition, rehab, pre-development, capital, and energy retrofit financing. The next section focuses on rental subsidy sources.
Community Investment Corporation
Financing to buy and rehab multifamily apartment buildings with five or more units in the six-county metropolitan Chicago area
Energy Savers
Energy efficiency audits from Elevate Energy and low cost loans from Community Investment Corporation
Chicago Community Loan Fund
Pre-development loans to community development organizations
Enterprise Community Partners
Pre-development, acquisition, and other financing for government assisted housing
Jewish Council on Urban Affairs
Zero-interest loans to Chicago area community-based organizations and nonprofits undertaking affordable housing projects
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
Low Income Housing Tax Credit – IHDA
Low Income Housing Tax Credit – City of Chicago
Financing for affordable rental housing for low-income households by state and local government
Tax-Exempt Bonds – IHDA
Tax-Exempt Bonds – City of Chicago
Financing from the sale of Multifamily Housing Bonds by state and local government
Rental Subsidy
Property Rental Assistance
Project-based vouchers for private developers and owners of properties in Chicago
Chicago Low Income Housing Trust Fund
Rent subsidies for buildings with low income tenants whose incomes are below 30 percent of median income
Chicago Rents
All Chicago initiative partnering with landlords to house people experiencing homelessness with subsidies
Housing Choice Voucher Program
Subsidies for market rent units for low income tenants