Community Investment Corporation (CIC) has announced a nearly $322 million commitment from 37 investor banks to CIC’s loan pool.

The funding will support the acquisition and rehabilitation of thousands of units of affordable rental housing over the next five years. This commitment is part of a broader effort by Chicago’s financial community to drive economic opportunity and strengthen neighborhoods.

Five investing institutions are legacy investors, including BMO, Fifth Third, JPMorgan Chase, Northern Trust, and Providence. Small and local community banks, with 22 banks in total, represent the largest share of investors, while large national banks provide more than half of the committed capital.

Since 1984, the loan pool has enabled CIC to safeguard affordable rental housing by providing over $1.8 billion in financing, helping preserve more than 69,000 affordable rental units and housing 166,000 people.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!