CIC - Energy Savers
222 S Riverside Plaza
Chicago, IL 60606
Service area: 75 miles
Service Area: CIC Energy Savers serves multifamily properties (5+ residential units) in Chicago, Rockford, and the Illinois counties of Cook, DuPage, Kane, Kendall, Lake, McHenry and Will.
Energy Savers is available in Chicago, Rockford, and the Illinois counties of Cook, DuPage, Kane, Kendall, Lake, McHenry & Will, for multifamily (5+ units) residential properties. Energy Savers provides building owners with a no-cost, no-obligation Energy Assessment/Audit, as well as technical assistance in implementing retrofit measures and financing of those measures. Through Community Investment Corp. (CIC) - a non-profit Community Development Financial Institution - building owners can qualify for fixed-rate (3%) fully-amortizing (7 year term) subordinate loans to complete the retrofit of the property. Building owners are also provided information about and asssistance in applying for all pertinent utility company rebates and incentives. To order the no-cost Energy Assessment/Audit, go to www.cntenergysavers.org or call (855) 372-8377. For affordable financing for energy retrofits (or for rehabilitation of multifamily properties) contact CIC at (312) 258-0070 or at www.cicchicago.com
Energy Savers has retrofitted more than 10,000 rental units in its program area (Chicago, Rockford and the 7 counties of the metro Chicago region). Through a combination of no-cost/no-obligation Energy Assessments/Audits, technical assistance in determinining scopes of work and finding qualified contractors, energy use monitoring, and low-cost fixed-rate financing, Energy Savers has reduced operating costs for owners (average 30% reduction in utility usage and cost), improved curb appeal and marketability of properties, provided more comfort to owners, and helped reduce the carbon footprint of the region. Projects through Energy Savers range from a relatively simple boiler replacement in a 6-unit apartment to a complete retrofit as part of a substantial rehab of 100+ unit properties.
Community Investment Corp. (CIC) has 10 staff with substantial experience in financing green projects, including 2 with pending USGBC Green Associate certification. Energy Assessments/Audits (along with technical assistance, construction monitoring and energy use monitoring) are provided by CNT Energy, a non-profit affiliate of the Center for Neighborhood Technology, CNT Energy staff include BPI-certified staff, Energy Raters, and USGBC-certified Green Associates.
Our organization has been financing the retrofit of multifamily properties in the greater Chicago market since 1984, with the intent to sustain and preserve the affordable rental stock in the region. Our mission is to be the leading force in neighborhood revitalization through innovative financial programs. As a non-profit CDFI, our focus is on preserving rental units that are affordable for working families, reducing operating costs for owners so that rents can continue to be affordable, and impact the larger community by helping to reduce energy consumption and emissions. Energy Savers as a program is a logical outgrowth of CIC's mission and fits with CIC's other efforts to finance the acquisition/rehab or refinance/rehab of multifamily housing in the greater Chicago metro region.