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Chicago Property Management Blog

CICs New Leader Takes Chicago Housing To New Level

Mark Ainley - Saturday, November 27, 2021
CICs New Leader Takes Chicago Housing To New Level

The Community Investment Corp, or the CIC, has been a stalwart in Chicago since the 1970s and has reinvented the way owners can create affordable housing units for their communities. Stacie Young was just recently appointed the new President and CEO and she has lots of plans in the works. Learn the various ways investors can interact with the CIC, what the preservation compact is and how it is preserving affordable housing, how emergency rental assistance will unfold and whether or not it will be sticking around. Also how to get tax incentives from the city.


Key points:

  • Affordable housing
  • Tenant emergency rental assistance programs in Illinois? 
  • Qualifying For Property Tax Incentive W/Affordable Housing
  • Chicago Preservation Compact
  • Qualify for Affordable Housing Tax Incentive

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Author

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Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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