Community Ventures Program
JCUA’s Community Ventures Program (CVP) builds strong Chicagoland neighborhoods by funding critical projects for affordable housing and economic development. Through CVP, JCUA partners with nonprofit developers, awarding zero-interest loans that get projects off the ground and create living-wage jobs for local residents. As JCUA pursues systemic housing solutions through our grassroots organizing, CVP is ensuring that Chicago is a city where all its residents can thrive.
Since the loan fund was created in 1991, CVP has provided more than $7.7 million in zero-interest loans, which have leveraged hundreds of millions of dollars of public and private funding for construction and permanent financing; created or preserved nearly 5,000 units of affordable housing, including homeless shelters, SROs, rental units, co-ops, senior housing and single family homes; created more than 1,400 living-wage jobs in Chicago; and invested in communities including Albany Park, Austin, Bronzeville, East Garfield Park, Englewood, Gage Park, Humboldt Park, Little Village, Near West, North Lawndale, Old Town, Pilsen, Pullman, Robbins, Rogers Park, Uptown, Woodlawn. See a list of current CVP projects.