Chicago-Naperville-Elgin, IL-IN-WI Metro Area

Property Tax Incentive for Affordable Rental Housing Chicago, Statewide

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The Property Tax Incentive for Affordable Rental Housing is a statewide property tax incentive in Illinois, implemented at the county level through individual County Assessor's offices. In Cook County, the incentive is called the Affordable Housing Special Assessment Program (AHSAP). Properties must have seven or more residential units and involve … Read more >

Multifamily Energy Savings (MFES) Regional, Chicago

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The Multifamily Energy Savings (MFES) program is a utility-delivered energy efficiency initiative serving affordable multifamily properties in northern Illinois, administered jointly by ComEd, Peoples Gas/North Shore Gas, and Nicor. The program provides comprehensive, building-wide upgrades, including building envelope, HVAC, and domestic hot water systems, in both tenant units and common … Read more >

Multifamily Loan Program & Property Management Training Chicago

Cluster 3

Community Investment Corporation (CIC) is a Chicago-based community development financial institution (CDFI) providing financing for multifamily housing across Chicago and surrounding communities. Founded in 1974, three years before the Community Reinvestment Act (CRA), CIC was created as a vehicle for banks to deliver rehabilitation financing to Chicago neighborhoods facing disinvestment. … Read more >

North Lawndale Impact Program Chicago

Cluster 3

The North Lawndale Impact Program is a targeted lending initiative administered by Community Investment Corporation (CIC), a Chicago-based community development financial institution (CDFI), to support the acquisition and rehabilitation of existing multifamily rental properties in the North Lawndale neighborhood of Chicago. The program offers fixed-rate construction loans at 5.5% for … Read more >

Opportunity Investment Fund (OIF) Chicago

Cluster 1 Cluster 2

The Opportunity Investment Fund (OIF), also referred to as the Mezzanine Debt Fund, is administered by Community Investment Corporation (CIC) a Chicago-based community development financial institution (CDFI). The program provides low-cost mezzanine debt to developers acquiring existing, operating rental properties in high-cost Chicago markets. Borrowers must commit to making at … Read more >