What is Interfaith Housing Development?
Operating as a recognized Community Housing Development Organization (CHDO) under the U.S. Department of Housing and Urban Development, IHDC specializes in the end-to-end lifecycle of affordable housing. With a legacy spanning over three decades, the firm has successfully delivered 1,103 rental units across 20 distinct projects. Their operational model is unique in its integration of social services directly into the residential experience, ensuring that tenants receive holistic support alongside stable housing. By balancing new construction with the strategic renovation of existing structures, IHDC maintains a sustainable portfolio that serves as a model for nonprofit urban development.
How much funding has Interfaith Housing Development raised?
Interfaith Housing Development has raised a total of $77K across 1 funding round:
Debt
$77K
Debt (2021): $77K with participation from PPP
Key Investors in Interfaith Housing Development
PPP
Public-Private Partnership
What's next for Interfaith Housing Development?
With the recent influx of capital, IHDC is expected to accelerate its development pipeline, focusing on increasing density and improving the energy efficiency of its existing assets. The organization will likely prioritize the acquisition of underutilized properties to convert into affordable housing, further cementing its role in Chicago's urban renewal efforts. As the firm transitions into this next phase of growth, the focus will remain on maintaining its CHDO status while exploring innovative financing structures to support long-term social impact. Stakeholders anticipate that this expansion will not only increase the total unit count but also enhance the quality of life for thousands of residents across the metropolitan area.
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