JCUA’s Community Ventures Program (CVP) funds affordable housing and economic development projects across Chicago. CVP awards zero-interest loans to nonprofit developers, who use the funds to cover predevelopment costs, leverage other financing, and get projects off the ground. helping to create and preserve affordable housing and living-wage jobs across Chicago. In doing so, CVP strengthens Chicago’s neighborhoods by creating affordable housing and living-wage jobs.
Since the loan fund was created in 1991, CVP has:
- Provided more than $7.2 million in zero-interest loans, which have leveraged hundreds of millions of dollars of public and private funding for construction and permanent financing.
- Created and preserved 4,700 units of affordable housing, including homeless shelters, SROs, rental units, co-ops, senior housing and single family homes.
- Financed initiatives that have or will create more than 1,000 living wage-paying jobs in Chicago.
- Invested in diverse communities throughout Chicagoland including Albany Park, Austin, Bronzeville, Rogers Park, Uptown, Old Town, Near West, Humboldt Park, North Lawndale, East Garfield Park, West Humboldt Park, Austin, Pilsen, Little Village, Bronzeville, Woodlawn, Englewood, Pullman, and Robbins. See all CVP projects from 1991-2021.
To learn about recent and current projects, read the 2020 CVP Annual Report.