Lightengale Group is proud to announce that its client, cialis 40mg Community Investment Corporation, this was awarded $3.1 million from the Capital Magnet Fund! The 2016 Capital Magnet Fund Application round had 125 applications submitted. 32 awardees were collectively awarded $91.5 million. The Capital Magnet Fund is used generally to benefit low-income people and communities. Lightengale prepared the successful application on CIC’s behalf. Stacie Young, website the Director of The Preservation Compact at CIC stated “This grant award will go a long way toward helping us build a Fund to finance more affordable units in strong markets. We couldn’t have done it without the Lightengale Group!”
Community Investment Corporation (CIC) is the Chicago metropolitan area’s leading lender for the acquisition, rehabilitation, and preservation of affordable rental housing. CIC financing provides badly-needed investment in credit-starved communities and ensures affordable housing for Chicago’s workforce. CIC’s innovative financial programs make the Chicago region a better place to live, work, and do business.
Community Investment Corporation plans to use the awarded $3.1 million in the Chicagoland area to help CIC finance affordable housing throughout Chicago and the Chicago suburbs. The main goal is to increase low-income families’ opportunities to live in higher opportunity areas. CIC is leveraging its award to launch their Community Investment Fund in March 2017.