The Chicago Residential Investment Fund (RIF) is an Illinois not-for-profit created by the City of Chicago to invest in, develop, and manage high-quality, permanently mixed-income housing. To do this, the RIF has access to a $135 million revolving fund that can replace private equity.
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Board
Committees
Ciere Boatright*
Commissioner, Chicago Department of Planning and Development
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Rhett Bomher*
Chief of Staff to City of Chicago Chief Financial Officer
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Gwendolyn Hatten Butler
Founder and Managing Partner, Hatten Albert Strategic Advisors
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Lissette Castañeda (Chair)*​
Commissioner, Chicago Department of Housing
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Brian Freedman*
Chicago City Council Committee on Finance
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Juanita Garcia
Project Executive, High Performance and Sustainable Construction, Pepper Construction
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Daniel Kay Hertz (Secretary)
Director of Housing, Impact for Equity
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Kristin Horne
Executive Director, Here to Stay Community Land Trust
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Sharla Roberts*
City of Chicago Chief Procurement Officer
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Angela Tovar*
City of Chicago Chief Sustainability Officer
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Edith Tovar
Just Transition organizer, Little Village Environmental Justice Organization
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Will Towns (Vice Chair)
Adjunct Professor, Kellogg School of Management at Northwestern University
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Don Villar (Treasurer)
Secretary Treasurer, Chicago Federation of Labor
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* indicates an ex officio seat
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The RIF is in the process of establishing committees to assist in its operations.
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Investment Committee
The Investment Committee will consist of multifamily development finance professionals and will establish underwriting criteria and review all RIF investments, making recommendations to the full Board.
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Sustainability Advisory Committee
The Sustainability Advisory Committee will include experts in green and sustainable building design and will recommend sustainability standards consistent with the RIF's mission to provide high-quality, environmentally friendly housing as well as the fiscal health of the RIF's investments.
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Resident Advisory Committee
Once the first development has been leased up, the Board will establish a Resident Advisory Committee consisting of tenants of RIF developments to provide feedback and recommendations to the Board in the interest of RIF tenants.
Board Meetings
2026 Board Dates
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January 13, 2026
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February 10, 2026
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March 10, 2026
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Aprli 14, 2026
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May 12, 2026
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June 9, 2026
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July 14, 2026
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August 11, 2026
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September 8, 2026
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October 13, 2026
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November 10, 2026
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December 8, 2026
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2025 Board Dates
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September 30, 2025
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October 28, 2025
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November 21, 2025
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December 16, 2025