Cleveland Housing
Investment Fund Impact
The Cleveland Housing Investment Fund (CHIF) is a catalytic impact investment fund leveraging public and private capital to address the affordable housing shortage in Cleveland.
CHIF aims to create healthy, resilient neighborhoods and stimulate economic growth through affordable housing investments.
Through providing flexible capital to mission-aligned developers, nonprofit organizations, and other partners, CHIF focuses on preserving and constructing affordable and mixed-income rental and for-sale housing, particularly in the City’s middle middle and opportunity neighborhoods.
CHIF aims to reach housing-stressed middle-income renters and homebuyers, especially those earning at or below 80% of the area median income.
Together with our funders and partners, CHIF is committed to creating vibrant, inclusive communities through smart investments in Cleveland's housing market.
CHIF is managed by LISC Fund Management, LLC
in partnership with LISC Cleveland.
Thank you to CHIF Partners
Housing is needed
56,560
number of affordable housing units Cleveland needs1
Cleveland rents have increased
17%
in the past two years
2021 to 2023 2
Nearly
45%
of Cleveland households can not afford the average rent 3
DEVELOPER INFORMATION
The Cleveland Housing Investment Fund (CHIF) supports projects that expand access to quality, affordable housing for renters and homeowners.
Investments may include but are not exclusive to:
-
Affordable & Mixed Income Rental Housing – New construction, rehabilitation, and preservation of mixed-income multifamily developments and single-family homes.
-
For-Sale Affordable Housing – New construction, rehabilitation, and preservation Development of affordable single-family homes, townhomes, and condos.
Complete the Developer Inquiry Form for more information.
IN THE NEWS
"We are committed to creating a Cleveland where everyone has access to safe, affordable housing. This investment from the city is a vital step towards tackling the housing challenges faced by too many residents. By working together with Key Bank and LISC, we are laying the foundation for a brighter, more equitable future for all Clevelanders."
- Justin Bibb
Mayor of Cleveland, Ohio
Mayor Justin Bibb is not a “promoter” who is compensated for this statement
GET INVOLVED
If you are interested in investment opportunities with the CHIF, please reach out to us using the contact form on our Collaborate page.
The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LISC Fund Management (LFM), which is a wholly-owned subsidiary of LISC. LFM is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply any level of skill or training. Please visit the SEC’s website at www.adviserinfo.sec.gov to see LFM’s Form ADV, which contains important disclosures, including further disclosures about material conflicts of interest, risks, and limitations associated with LISC Fund Management. Click here to read LFM's full disclaimer.