CHICAGO–(ENEWSPF)–April 15, 2014. Mayor Rahm Emanuel, Illinois Attorney General Lisa Madigan and civic leaders announced today the creation of a new, $26 million loan pool that will make financing available to rehab and preserve groups of vacant, one- to four- unit buildings as affordable rental housing.
Eleven private lending institutions contributed to the pool, which will be administered by Community Investment Corporation (CIC), a not-for-profit rehab lender specializing in multifamily apartment buildings.
“This new loan…
