COMMUNITY INVESTMENT CORP. ANNOUNCES 2025 IMPACT, INCLUDING $50+ MILLION IN LOANS AND GRANTS PRESERVING AFFORDABLE RENTAL HOUSING

COMMUNITY INVESTMENT CORP. ANNOUNCES 2025 IMPACT, INCLUDING $50+ MILLION IN LOANS AND GRANTS PRESERVING AFFORDABLE RENTAL HOUSING

Nonprofit Lender Releases its FY 2025 Performance and Credit Report

CHICAGO – Community Investment Corporation (CIC), a Chicago nonprofit lender that finances the acquisition, rehabilitation, and preservation of affordable rental housing, today released its FY 2025 Performance and Credit Review (PCR) Report, detailing a year of strong financial performance and meaningful progress toward its lending and community development goals, despite challenging economic conditions and ongoing federal uncertainty.

Most notably, in FY 2025, 36 financial institutions renewed their commitments to CIC’s Note Purchase Agreement, ensuring that $320 million is available to be invested in multifamily rental housing across the region over the next five years.

“Despite challenging economic conditions and uncertainty at the federal level, last year demonstrated both the resilience of our model and the strength of our partnerships,” said Stacie Young, President and CEO of Community Investment Corporation. “Our investors’ continued confidence allows us to remain nimble, responsive and deeply focused on preserving affordable housing and stabilizing neighborhoods.”

FY 2025 Highlights Include:

$50.8 million in loans and grants deployed to acquire, rehabilitate and preserve 962 affordable rental units and 27 commercial units in the Chicago area, with financing accessed by 49 different CIC borrowers

$1 million financed in partnership with the City of Chicago to preserve 71 Single Room Occupancy (SRO) units through the SRO Preservation Fund



$1.6 million deployed through the Opportunity Investment Fund, creating and preserving 80 units in high cost markets, including 20 affordable rental units



Community Initiatives Inc. (CII) recovered 701 units through the Troubled Buildings Initiative, with substantial progress made toward stabilizing the 1,000-unit Heartland Housing portfolio

Continued advancement of the Preservation Compact’s partnership with affordable housing developers and public agencies to analyze and ensure the ongoing sustainability of at-risk subsidized housing portfolios

42 in-person and virtual property management trainings, reaching more than 1,500 participants

The FY 2025 report is anchored by the theme Investing in Our Future, reflecting CIC’s multifaceted approach to advancing its mission: investing in naturally occurring affordable housing, supporting the small and local businesses that own and operate that housing, and strengthening the organization’s internal systems to meet the evolving needs of borrowers and communities. The theme also underscores the critical role of CIC’s bank partners, whose continued investment enables this work.

“CIC’s work is deeply rooted in preserving affordable housing and stabilizing neighborhoods, ensuring that long-term residents and small property owners can continue to invest in their communities. CIC reinforced this commitment in 2025, filling a critical gap by lending where others may not and standing alongside borrowers who are frequently overlooked,” said David Dykstra, CIC Board Chair and Vice Chairman & Chief Operating Officer of Wintrust. “Looking forward, this approach will remain central to protecting housing affordability and strengthening neighborhoods.”

In addition to programmatic achievements, CIC marked several organizational milestones in 2025. The organization launched the inaugural CIC Scholarship for Future Leaders in Neighborhood Housing in partnership with the Marshall Bennett Institute of Real Estate at Roosevelt University. Following a staff survey and successful application process, CIC was also recognized as #20 on Crain’s Chicago Best Places to Work.

In 2025, CIC was further honored as a featured organization for the Wintrust Mural Building. To mark the occasion, CIC issued a call for artists and ultimately partnered with Chicago-based artist Cristian Roldan to create a three-panel mural. Roldan, as well as all five finalists, were compensated for their time and creative work. The mural visually illustrates how investment in apartment buildings strengthens neighborhoods and brings communities together. Selections from the original artwork are featured throughout the PCR Report.

Building on a strong 2025, and despite continued economic and policy uncertainty at both the local and national levels, CIC reaffirmed its commitment to the partners and investors who continue to stand alongside its borrowers and communities. As part of its goal to finance $57 million in overall loan volume for FY 2026, CIC financed 11 properties across Cook County, including in Hyde Park, South Shore, Roseland, and other neighborhoods in Q1. CIC also announced a $10 million loan from JPMorganChase that will increase CIC’s in-house lending capacity.

CIC hosted its Annual Investor Meeting on Tuesday, February 24, featuring highlights from the year, a presentation of the FY 2025 PCR Report, and an investor reception the same afternoon. The agenda includes: welcome by Frank Pettaway, Northern Trust, CIC Board of Directors Vice Chair; presentation of the 2025 PCR Report by Stacie Young, President and CEO, and Michael Ciaccia, Chief Financial Officer; and a panel discussion featuring Phillip Moore, CIC Managing Director of Lending; Charles Hall, Providence Bank, CIC Multifamily Loan Committee Chair; and Steve Thomas, 5T Management, CIC Customer.

CIC’s FY 2025 covers the period from October 1, 2024 through September 30, 2025.

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