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Cornerstone Members


The AHRMA Insurance Program mission is to provide stable, reasonably-priced insurance to affordable housing providers. We serve housing authorities, LIHTC developments, LLCs, LPs and nonprofits that provide affordable and mixed-income housing in the Midwest. Our program is underwritten by an AM Best A-rated insurance company and operated by the oldest housing authority pool in the nation. Our governing body is comprised of decision makers from housing entities, ensuring that customer needs are fully satisfied.


Bank of America Merrill Lynch_RGB_300Bank of America Merrill Lynch Community Development Banking is a leader in affordable housing finance nationally, providing financial solutions for developments that benefit low- and moderate-income families, seniors, veterans, students and other groups across the United States. Loans and investments also include supportive housing efforts and projects that incorporate green and transit-oriented elements. Community Development Banking includes the Banc of America Community Development Corp. (BACDC), which serves as a development partner and provides debt and equity financing for properties in low- and moderate-income communities across the country.


Based in Chicago, BMO Harris Bank provides a broad range of personal banking products and solutions through over 650 branches and approximately 1,350 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.


 CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients.
In 2017, CIBC acquired Chicago-based The PrivateBank to build the US Region, providing tailored commercial, real estate, wealth management, personal, and small business financial solutions through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations.


US Bank‘s Community Development Lending Division offers a variety of programs to assist in the construction, rehabilitation, and acquisition of rental housing for low- and moderate-income families. In this capacity, we combine our expertise in real estate with our experience in the field of affordable housing to improve the communities in which we work, serve and live.



Foundation Members

Affordable Housing Continuum (AHC) is actively involved in all aspects of developing affordable housing including site acquisition, planning, developing, financing as well as providing an array of social programming. AHC’s works collaboratively with for-profit and not-for profit partners in a consulting capacity as well as a joint venture partner.


Since 1996, The Alden Foundation, a not-for-profit corporation, has successfully developed 611 apartments in 10 affordable independent and supportive senior living projects throughout the Chicago metropolitan area. The organization prides itself on design excellence, incorporating elements and amenities that foster social interaction and create comfort for senior residents. Every development blends with the surrounding community, tailored to the unique site. Interiors are also distinctively and tastefully designed with a contemporary flair. Creative programming by on-site staff helps to keep residents active, independent and young in spirit.


The cornerstone of Applegate & Thorne-Thomsen’s practice was formed through years of representing developers, tax credit syndicators, investors, lenders, public housing authorities and community development organizations, among others, in the acquisition, financing, rehabilitation, construction and preservation of affordable housing and the revitalization of communities. Serving this broad base of clients affords us a unique understanding of the varied business and legal issues that are an integral part of housing and community development.


Baker Tilly is a full-service accounting and advisory firm whose specialized professionals help developers, lenders, and investors succeed through investment in quality affordable housing projects throughout the US. Our team provides the expertise needed to navigate complex government regulations and capitalize on funding. From concept development and transaction structuring to asset disposition and beyond, Baker Tilly delivers innovative ideas, strategies, and solutions that enable clients to move forward with confidence and meet their business objectives. Connect with us at


Established in 1994, Brinshore Development, LLC is an innovative real estate company specializing in the development of residential communities that foster conservation, collaboration and affordability. Brinshore has undertaken dozens of developments, from large-scale master planned communities to the restoration of meticulously preserved historic properties. The Brinshore portfolio today encompasses more than 4,000 residential units valued at more than $1 billion.



Buckeye Community Hope Foundation has fulfilled its affordable housing development mission with the assistance of numerous partners-developers, builders, bankers and financing intermediaries, investors, federal, state and local government agencies and community groups. Critical to our success has been access to the largest federal program for affordable housing, the low-income housing tax credit program.


CohnReznick+ATA_2c_GrayDotsWith origins dating back to 1919, CohnReznick is currently the 11th largest accounting, tax and advisory firm in the United States with 27 offices, more than 280 partners and 2,000 employees. CohnReznick serves a large number of industries including affordable housing, commercial real estate, construction, renewable energy, not-for-profit organizations and other key market sectors.


Enterprise provides solutions that navigate the financial, political and social complexities of creating safe, healthy and affordable homes in Illinois. Since 1983, Enterprise has invested more than $250 million to help create or preserve more than 5,200, homes and 231,500 square feet of commercial space in the State of Illinois.


FitzGerald Associates Architects’ experience with affordable housing through HOPE VI, the Chicago Housing Authority’s Plan for Transformation and LIHTC programs provides their public and private clients with award-winning architecture that conveys an enduring sense of place and community for residents, neighbors, and visitors at all income and opportunity levels.


Flaherty & Collins is one of the Midwest’s largest and most experienced developers of multifamily properties and a leader in construction and property management. With headquarters in Indianapolis, Indiana, we have the proven expertise and the commitment to guide your project from start to finish. At Flaherty & Collins, we’re developing trust. We’re building relationships. We’re managing partnerships.


A substantial portion of FLS Group, LLC practice is devoted to affordable housing finance utilizing Section 42 Low Income Housing Tax Credits. With experience in Section 42 LIHTC that dates back to the program’s inception in 1986, our firm has become a leading national expert in affordable housing and tax credits.



Harley Ellis Devereaux has enjoyed a successful practice since 1908, earning a reputation for excellence in all facets of architecture, including: planning, design and engineering.  Today we are a national, multidisciplinary firm with over 300 professionals practicing in Chicago, Detroit, Los Angeles, San Diego and San Francisco.  The Firm’s Housing Practice specializes in creating spaces that address the unique circumstances of people in regards to their housing needs.  Individuals and families, people affected by illness, seniors and other potentially vulnerable populations find comfortable homes in the more than 5,000 living units we have designed.


henrybrosLogoHenry Bros. Co. has built a solid reputation as one of Chicago’s oldest and most well respected construction firms. From the earliest stages of a project, we focus on working as an integral part of the team giving clients the control they need over their budgets, schedules, and level of quality. Tom O’Brien, VP/Project Development is available to advise you: Feel free to phone him directly at 708-658-0234.


henrybrosLogoJJ Duffy’s 90 years of building experience including the multifamily construction market allows Duffy to serve the client in Senior and Multifamily Housing in areas of independent or Assisted Living or Market Rate Multifamily Apartments; teaming with the Client, Architect & Consultants we insure a high quality building, while preserving your esthetic & functional requirements.


Since 1999, Lighten-Gale Group has assisted over 50 for-profit, non-profit and governmental agencies to build and preserve over 3,500 units of affordable housing. Lighten-Gale provides financing strategy, completion of applications, and coordination of funding and team members to get successful projects up and running.


LISC Chicago connects neighborhoods to the resources they need to become stronger and healthier. Since 1980, LISC Chicago has infused more than $232 million into housing, human and economic development projects, leveraging a total of $5 billion. With LISC support nearly 30,000 units of affordable housing and 5.5 million square feet of commercial space have been developed and more than 20,000 Chicago residents have been engaged in planning, provided training, or direct service to improve their quality of life.



Love Funding specializes in and focuses solely on FHA full-insurance loans. Love Funding is an FHA MAP (Multifamily Accelerated Processing) and LEAN (Healthcare Programs) approved lender and a Ginnie Mae issuer. Love Funding is a recognized expert in all aspects of multifamily and affordable housing, healthcare facilities (Memory Care, Assisted Living and Intermediate or Skilled Nursing) and hospitals, and provides FHA financing for acquisition, refinancing, new construction and substantial rehabilitation for all property types.


For over 100 years, MB Financial Bank has been helping our Chicagoland customers grow, manage and protect their financial assets. We’re more than a bank. We’re a community partner focused on the wellbeing of the neighborhoods we serve, and through the MB Community Development Corporation, a wholly owned subsidiary of MB Financial Bank, and the MB Charitable Foundation, we make a difference in the communities where we work and live. Learn more about MB Financial Bank at


Midland States Bank & Great Strength More Heart LogoIt is Midland States Bank’s policy to be in compliance with both the letter and the spirit of the fair lending and fair housing laws, including but not limited to the Community Reinvestment Act, the Equal Credit Opportunity Act, the Fair Lending Act and the Home Mortgage Disclosure Act, in all of its markets. Additionally, the Bank believes that increased efforts in making its banking services more available to low-to-moderate income (“LMI”) customers is consistent with its community banking philosophy and offers opportunities for increased market penetration in the communities it serves.


MOST RECENT 2013 NEF_TMLogo_CMYK_300dpiNational Equity Fund, Inc. is a leading syndicator of Low Income Housing Tax Credits. For more than 25 years, NEF has been integral in creating affordable housing options, revitalizing communities and strengthening local economies. It has invested $10.2 billion in 2,170 LIHTC developments, creating 131,500 affordable homes for low-income families and individuals.


nfp-rgb-fullFounded in 1919 to assist clients in every aspect of their financial lives while providing an unparalleled level of personal attention, NFP Property and Casualty Services, formerly known as Schwartz Bros, today is one of the Chicago area’s largest privately owned independent insurance agencies. We are skilled in protecting the financial assets of business, industries, institutions, associations and families. We also specialize in providing affordable housing insurance solutions to: tax credit housing, housing authorities, federally subsidized housing programs, and assisted and independent living senior housing.


NorthernTrust_Logo_LeftStack_greenOne of the cornerstones of Chicago’s civic life, Northern Trust is a premier wealth management firm founded nearly 125 years ago on the principles of service, expertise and integrity. With offices in 18 states and locations worldwide, we have worked with generations of families and their advisors, offering fresh perspectives and creative thinking, backed by cutting-edge technology and customized solutions.


PNC_4CPNC Real Estate PNC Real Estate offers one of the industry’s most comprehensive arrays of financing solutions to commercial real estate owners, operators, developers and investors nationwide. PNC Real Estate provides Tax Credit Capital solutions, as well as Freddie Mac, Fannie Mae and FHA financing for predevelopment financing, construction, interim and permanent financing of multifamily properties, seniors communities and healthcare facilities. PNC combines LIHTC equity with our affordable housing debt solutions to deliver seamless financing options for the construction or redevelopment of affordable housing.


RED CAPITAL GROUP, LLC is a leading provider of debt/equity capital for multifamily, affordable, and seniors/health care projects nationwide. RED is comprised of three entities; Red Mortgage Capital, LLC, Red Capital Markets, LLC (MEMBER FINRA/SIPC) and Red Capital Partners, LLC. Specifically, Red Mortgage Capital, LLC, is a top Fannie Mae DUS® lender, the nation’s most active FHA MAP/LEAN lender and is also a Freddie Mac Seniors Housing Seller/Servicer.


Red Stone is a leading national real estate finance company that focuses on products tailored to meet the needs of multifamily developers and investors. Red Stone specializes in tax-exempt and affordable housing finance programs.


The Renaissance Companies has been opening doors since 1985. We build relationships – with people, with companies, with communities. Whether you’re looking for senior housing, a luxury apartment or an affordable studio, or you’re seeking a mixed-use development, you’ll find that a Renaissance property stands apart. We have more than 25 years experience in the business; you can rely on us for market-rate and affordable development expertise. We can make a difference in your neighborhood.


RG_afford_hous_corp_4COver the past twenty five years, The Richman Group has thrived and grown into one of the largest privately-owned real estate investment, development and asset management firms in the country. Through public and private offerings, the firm has raised billions of equity dollars that have been invested in over 1,300 properties. Our activities to date have placed the organization among the ten largest residential property owners in the country.


For more than 30 years, RubinBrown’s Real Estate Services Group has built an admired reputation nationally as a premier accounting firm in the real estate market, focused almost entirely on affordable housing and tax credits. Our specialized experts can help with the complexities related to audit, tax and consulting, including complex deal structuring for LIHTC, historic tax credits, NMTC, renewable energy tax credits, HUD, state housing finance agencies, fund accounting, and much more.


Skender is a premier construction firm providing sophisticated solutions from the conceptual phase to project completion. Serving clients in Metro Chicago and around the nation, our team is committed to maximizing value through innovative and cost-effective practices. Since 1955, we’ve built our reputation on ethics, honesty and trust.


With construction of over 100 projects including over 7,400 units of affordable housing, Weis Builders has the experience to successfully navigate through all the unique requirements of affordable housing development. Recently completed and current Chicagoland projects include King Legacy Apartments, The Homestead of Morton Grove and Lake Park Crescent Phase IIA.


Worn Jerabek Wiltse Architects, P.C. specializes in the integration of sustainable techniques into the architectural process. The firm’s focus is the design of affordable multi-family, market rate multi-family, senior’s housing and commercial work with substantial experience in sustainable design and architecture for people with disabilities. Worn Jerabek Wiltse Architects, P.C. operates with the philosophy of establishing long-term relationships with clients. The success of this philosophy can be seen in the significant number of projects completed for repeat clients.

Sustaining Members

Affordable Housing Investment Brokerage, Inc.

Amalgamated Bank of Chicago

Associated Bank

Bear Development

The Burton Foundation

The Community Builders, Inc.

Development Services Group


Evergreen Real Estate Group

Four Corners Development, LLC

Gardant Management Solutions

Gorman & Company, Inc.

Greater Illinois Title Company

The Habitat Company

Illinois Community Action Development Corporation

Katten Muchin Rosenman LLP

Laborer’s Home Development Corporation

Marquette Bank

Mercy Housing

The Michael’s Organization

The NHP Foundation

Nixon Peabody

Novk Construction

Pathway Senior Living

Pedcor Investments




The Resurrection Project


UP Development, LLC

Valerie S. Kretchmer Associates Inc.


Volunteers of America


Yost Management Company

IHC Cornerstone Members


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Foundation Members

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IHC Members

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