Opportunity Investment Fund Will Support Creation and Preservation of Affordable Housing in High-Cost and Gentrifying Markets Across Chicago
CHICAGO—(ENEWSPF)—June 21, 2018
By: Rosemary Piser
Mayor Rahm Emanuel and the Community Investment Corporation (CIC) announced today the Chicago Opportunity Investment Fund, a new initiative designed to create and preserve affordable rental housing across Chicago. The $30 million fund will provide low-cost financing to developers purchasing existing multifamily buildings if they guarantee affordable units in…
