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.
Board
Ciere Boatright*
Commissioner, Chicago Department of Planning and Development
Rhett Bomher*
Chief of Staff to City of Chicago Chief Financial Officer
Gwendolyn Hatten Butler
Founder and Managing Partner, Hatten Albert Strategic Advisors
Lissette Castañeda (Chair)*
Commissioner, Chicago Department of Housing
Brian Freedman*
Chicago City Council Committee on Finance
Juanita Garcia
Project Executive, High Performance and Sustainable Construction, Pepper Construction
Daniel Kay Hertz (Secretary)
Director of Housing, Impact for Equity
Kristin Horne
Executive Director, Here to Stay Community Land Trust
Sharla Roberts*
City of Chicago Chief Procurement Officer
Angela Tovar*
City of Chicago Chief Sustainability Officer
Edith Tovar
Just Transition organizer, Little Village Environmental Justice Organization
Will Towns (Vice Chair)
Adjunct Professor, Kellogg School of Management at Northwestern University
Don Villar (Treasurer)
Secretary Treasurer, Chicago Federation of Labor
* indicates an ex officio seat
Staff
Tim Jeffries
Chief Executive Officer
Committees
The RIF is in the process of establishing committees to assist in its operations.
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.
Sustainability Advisory Committee
The Sustainability Advisory Committee recommends 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.
Members include:
Joe Arcus
Joe Duffy
Juanita Garcia (Vice Chair)
Courtney Hanson
Sandra Henry
Jackie Montesdeoca
Saagar Patel
Brad Roback
Claudia Rodriguez
Angela Tovar (Chair)
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.