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Community Investment Corporation Receives $10 Million Loan from JPMorganChase
Community Investment Corporation (CIC), a nonprofit lender based in Chicago, has secured a $10 million loan from JPMorganChase to expand its lending capacity. This significant investment will enable CIC to originate more loans for small, local developers focused on affordable housing projects throughout the city.
“This transformational loan from JPMorganChase is a great vote of confidence in the work that CIC does in our communities,” said Stacie Young, President and CEO of Community Investment Corporation. “With this capital, we can continue addressing challenges in parts of Chicago that have historically lacked access to the financing needed to preserve affordable rental housing.”
The new funding strengthens the ongoing partnership between CIC and JPMorganChase. The financial institution is already a notable supporter of CIC’s multifamily Note Purchase Agreement—a collaborative capital pool backed by multiple banks that underpins CIC’s lending efforts. JPMorganChase has committed $30 million to this fund through 2030.
Established in 1974, Community Investment Corporation has deployed over $1.8 billion to preserve affordable rental housing across the Chicago area.
Industry professionals are also invited to attend the Connect Midwest Multifamily Trends Conference on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL. This event will explore emerging trends and strategies in the multifamily housing sector.
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