Community Investment Corporation – Energy Savers
|$25 Million||Goal Achieved|
Community Investment Corporation (CIC) is a non-profit mortgage lender and certified Community Development Financial Institution (CDFI). CIC provides financing to buy and rehab multifamily apartment buildings with five units or more in the six-county metropolitan Chicago area. Its customers provide rental housing affordable at 60% AMI without subsidies or government grants or loans.
CIC’s Energy Savers is a one-stop energy efficiency shop that includes a free, comprehensive building energy assessment, access to utility rebates and incentives, technical assistance, and flexible, low cost financing to complete retrofits. Energy Savers participants achieve an average of 30% utility savings, with most of the savings from reduced gas consumption, and additional savings from electricity and water reduction. The Energy Savers program has retrofitted more than 30,000 units in 750 buildings, with loans and grants totaling $25 million for more than 10,000 units.
For more information about Community Investment Corporation – Energy Savers, visit the website