At a glance
From its website, read 2 Nov 2026Community Investment Corporation is a loan fund based in Chicago, Illinois. Its website describes commercial real estate loans, energy-efficiency loans and affordable housing development loans. Where it lends: Chicago, suburban Cook County, DuPage, Kane, Lake, McHenry and Will counties; Woodlawn and North Lawndale programs. You can start an application online. It serves borrowers in Spanish.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (312) 258-0070 source |
|---|---|
| lending@cicchicago.com source | |
| Apply online | Page with the application link |
| Website | www.cicchicago.com |
| Office (official list) | 222 South Riverside Plaza Suite 380, Chicago, IL 60606 |
What their website says about applying
We’re ready to talk to you about your next project. Call us at
sourcereview the documents and checklists below to prepare for your application.
sourceOnce you’ve worked with a loan officer, you will submit your application through our user-friendly online portal.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | 2.5% during the construction period | source |
| Loans (general) | Term: see their wording | Up to 24 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral required
First mortgage on the property
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 222 South Riverside Plaza Suite 380, Chicago, IL 60606 Directions (Google Maps) |
| Website | www.cicchicago.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Loan amounts are not stated on the pages; dollar figures appear only in project examples and grant programs. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Flexible financing to acquire, rehab, and refinance multifamily buildings with five or more units. | source |
| Energy / solar / efficiency loans | — | Bundle energy conservation expenses into an overall acquisition/rehab or refinance loan to finance your practical retrofit work: replace a boiler, improve air sealing and insulation | source |
| Affordable housing development loans | — | CIC provides construction loans to new buyers or existing owners of SRO housing. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Chicago, suburban Cook County, DuPage, Kane, Lake, McHenry and Will counties; Woodlawn and North Lawndale programs
Chicago, suburban Cook County, DuPage, Kane, Lake, McHenry, and Will Counties
source
Counties this matches: Cook County, IL, DuPage County, IL, Jefferson County, IL, Kane County, IL, Lake County, IL, McHenry County, IL, Will County, IL
Borrower focus
- Not stated on the pages we read.
Languages
- Spanish
Construir mejores barrios y comunidades es el objetivo principal de CIC.
source
Online application
Yes — the site links to an application. you will submit your application through our user-friendly online portal
source
Pages read (7)
- https://www.cicchicago.com/
- https://www.cicchicago.com/loans/
- https://www.cicchicago.com/es/prestamos/
- https://www.cicchicago.com/current-borrowers/
- https://www.cicchicago.com/woodlawn-construction-loan-fund/
- https://www.cicchicago.com/es/fondo-de-prestamos-para-la-construccion-de-woodlawn/
- https://www.cicchicago.com/programs/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your energy-efficiency loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$24 million in 16 awards from the U.S. Treasury's CDFI Fund, 1997–2022 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $4,957,678 |
| 2021 | CDFI Program, Financial Assistance | $525,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2018 | CDFI Program, Financial Assistance | $875,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
| 2016 | Capital Magnet Fund | $3,100,000 |
| 2015 | CDFI Program, Financial Assistance | $1,250,000 |
| 2014 | CDFI Program, Financial Assistance | $750,000 |
| 2013 | CDFI Program, Financial Assistance | $1,347,000 |
| 2012 | CDFI Program, Financial Assistance | $1,453,806 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2002 | CDFI Program, Financial Assistance | $1,963,066 |
| 1999 | CDFI Program, Financial Assistance | $2,000,000 |
| 1997 | CDFI Program, Financial Assistance | $1,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Sep 2023| Total assets | $316.5M |
|---|---|
| Total liabilities | $270.6M |
| Net assets | $45.9M |
| Total revenue | $17.6M |
| Notes and loans receivable, net (Part X line 7) | $1.4M |
| Program-related investments (Part X line 13) | $3.1M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 36-2780862, filed as “COMMUNITY INVESTMENT CORP”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Sep 2021 (990) | $332.7M | $44.4M | $31.6M | $918,601 |
| Sep 2022 (990) | $313.7M | $46M | $18.6M | $858,972 |
| Sep 2023 (990) | $316.5M | $45.9M | $17.6M | $1.4M |
Total assets fell 5% from Sep 2021 to Sep 2023; notes and loans receivable rose 57%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $316.5M | Larger than 88% of the 8 other certified loan funds and venture funds in Illinois with a matched Form 990 (median $29.8M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Illinois | 8 | larger than 88% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Chicago and Illinois
- Allies for Community Business, Inc.Loan fund · Chicago, ILSmall-business loansVerified
- Berean Credit UnionCredit union · Chicago, ILOfficial list only
- C3 Impact Fund, LLCVenture capital fund · Chicago, ILOfficial list only
- Chicago Community Loan Fund, TheLoan fund · Chicago, ILCommercial real estate loans, Affordable housing development loans, Nonprofit / community facility loansVerified
- Cinnaire Lending CorporationLoan fund · Chicago, ILAffordable housing development loans, Nonprofit / community facility loansVerified
- Fellowship Baptist Church Credit Union IncCredit union · Chicago, ILOfficial list only
- First Eagle BancsharesBank holding company · Chicago, ILAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
- First Eagle BankBank or thrift · Chicago, ILAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
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