invest
We are recognized as a leader in being a cost-effective alternative to government subsidized affordable housing for working families.
THE NEED
Government
cannot solve
the housing
crisis alone
More than 120,000 families cannot find an affordable home to rent in the city of Chicago and Cook County.2 The lack of affordable housing is not just a housing problem. Research shows that the lack of affordable, stable housing impacts the health, education, and job outcomes for children and adults.
We are responsive, nimble, and not weighed down by government regulations. This matters because every day there are more families in need of rental housing that they can afford. And every day another property hits the market that can meet that need. The government cannot solve the affordable housing crisis alone; we must be creative about providing more solutions that work.
Private support and long-term investments strengthen our capacity to do more. Philanthropic grants build our operational capacity to expand our work, and even facilitate the acquisition of buildings via equity investments. While impact investments and other flexible capital fuel our creativity, it gives us the financial capacity to preserve housing for the long term. We welcome the opportunity to explain how your investment in CMHDC can impact a family, a building, or a community.
2 2023 State of Rental Housing in the City of Chicago – DePaul Institute for Housing studies Home
Housing preservation yields four units of affordable housing for every one unit of new construction.
PRESERVATION
4 units
NEW CONSTRUCTION
1 unit
Learn more about our affordable housing equity fund.
ECONOMIC RETURNS
You’re in
good
financial
company
We are driven by our mission to acquire, preserve, and redevelop multifamily housing that moves market rate rental properties into long-term affordable housing for working families. Our financial partners give us our economic advantage. Our transaction costs are low. We acquire properties using long term financing and raised equity in order to maintain the apartments at affordable rents. We focus on our full portfolio of properties and monitor closely for financial performance.
FINANCIAL PARTNERS
Join us
Private donations and long-term investments help us to do more. Flexible capital fuels our creativity and gives us the financial capacity to preserve housing for the long term, while providing investors an opportunity to earn a return on their capital. Join us and our financial partners as we meet the demand for affordable housing and increase social impact across the Chicago metropolitan area for more families.
LET’S TALK
Help us grow
I’m interested in talking to someone about investment opportunities.
Russell Rydin
Chief Operating Officer
Sarah Dassinger
Philanthropic and Investor Relations Manager
SOCIAL IMPACT
Properties
with a
purpose
We pursue properties with a purpose. Your investment in CMHDC’S mission supports social impact across the city of Chicago and metropolitan area. Our investment in multifamily rental properties preserves rental properties in communities that provide stability to low and moderate income families. But it is not just about the housing stock, it is about the families who have called a community home and are at risk of being displaced. Research suggests that helping these families stay in or move to communities of opportunity has a positive social impact on young children and adults. The more properties we make affordable, the more our residents can focus on walking safely to school, shopping at the local grocery store, and taking a train to work.
Moving to Opportunity is the seminal research on the impact of families moving from low-income neighborhoods to “opportunity communities.” Young children (before 13-14) had the most positive, enduring outcomes in education attainment, employment, Employment gains were not experienced significantly by young adults or adults. Many families reported a better sense of safety, well-being, and positive housing conditions.