For over 20 years, Community Venture Investment Corporation (CVIC), a Chicago-based real estate development and property management firm, has driven economic growth through strategic community investment. Our focus has been on low to moderate-income real estate communities, which possess significant upside potential.
In 2005, CVIC's founder led efforts with the community to successfully restructure 2,100 residential units, valued at over $50 million. This project, called "Lawndale Restoration," located in the historic West Lawndale community of Chicago, showcased a communal approach to addressing potential economic collapse.
Investments exceeding $30 million on the west and south sides of Chicago (during its tenure), CVIC aims to provide jobs, strengthen the tax base, and drive new market investments into low-income areas of Chicago. "We operate in the open market, and our intentional investment footprint in low-income Chicago has become increasingly difficult, but we will soldier on," says the CVIC founder.
In 2019, during the pandemic, CVIC and its team effectively leveraged the Qualified Opportunity Zone (QOZ) to deploy millions of dollars into the South Shore community. This asset continues to serve as a stabilizing foundation for the community today.
Today the project titled "Lifestyle on The Grove" is currently underway, focusing on the restoration and stabilization of 65th and Cottage Grove in the Woodlawn community of Chicago. This initiative is a five-year, $60 million mixed-use commercial and residential affordable housing development. Led by Corey Oliver and a dedicated team, the project aims to involve the community in its planning and execution. It is expected to generate over a billion dollars of commercial and real estate activity in south Chicago.
