About | Residential Investment Fund

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.

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

Staff

Committees

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.