Preserving Affordable Housing in Chicago
September 1, 2016 | Publication | Housing, Chicago Commitment
Photo courtesy Community Investment Corporation

A case study by the MacArthur-supported Urban Institute shows how a community development financial institution (CDFI) connected with local buyers to bring a long-vacant building back into the housing stock in Chicago’s Austin neighborhood. Community Investment Corporation specializes in lending, acquisition, and rehabilitation of smaller buildings in low- to moderate-income neighborhoods like Austin, where traditional lenders have shied away from investing. The case is one of a series developed by Urban to show how developers around the country have navigated complex policy and financing environments to preserve affordable housing.