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
September 30, 2025
Minutes will be available after they are approved at the following Board meeting.
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October 28, 2025
3:00 pm in Room 1003A at 121 N. LaSalle, Chicago, IL. Agenda
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November 21, 2025
1:00 pm in Room 1003A at 121 N. LaSalle, Chicago, IL.
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December 16, 2025
3:00 pm in Room 1003A at 121 N. LaSalle, Chicago, IL.