Momentus Capital*, through Capital Impact Partners, in partnership with the Chicago Community Loan Fund and Community Investment Corporation, is excited to announce that the application is now open for the Chicago EDI, funded by the MacArthur Foundation and U.S. Bank.

The Chicago EDI program EDI provides capacity-building support for emerging real estate developers through training and technical assistance. Visit our website for more information.

The program focuses on the current real estate development environment in the Greater Chicagoland area and provides opportunities to participants through a 9 month long learning series.

Applications will close October 2, 2025 at 5pm CST and we plan to accept up to 15-20 participants. 

Key Documents

• Frequently Asked Questions

There will be an opportunity to ask questions about the application and/or program during the below informational sessions.

• Informational Session Option 1: Friday, 9/5/2025 from 1-2pm CST (REGISTER HERE)
• Informational Session Option 2: Friday, 9/26/2025 from 1-2pm CST (REGISTER HERE)

Key Dates

• Applications will be open August 25, 2025 to October 2, 2025.
• All applicants will receive a status update on October 17, 2025
• Interviews for semi-finalists will be held October 28, 2025 to November 6, 2025
• Notification of acceptance will be expected on October 22, 2025
• The tentative training schedule will run from December 10, 2025 through August 26, 2026. Training dates are subject to change.
• Training is planned to be in-person for a majority of the learning series, incorporating events and network-building opportunities.

Eligibility
          Successful candidates for the program will be selected based on the following criteria:

• Alignment with the program’s mission to support the development of inclusive and thriving communities. Candidates should demonstrate how their work reflects the values of community development, investment, and impact.
• Demonstrated commitment to community development and neighborhood revitalization in the Greater Chicagoland area through work on active real estate development project(s).
• Actively working to further a career in real estate development. As this is not an introductory program, candidates are expected to have tangible experience as a real estate developer.
• Be a resident of Cook, DuPage, Grundy, Kendall, Lake County, McHenry, or Will county. 
• Able to meet the time and attendance requirements of the program. Participants should be prepared to attend bi-weekly training sessions (5 hours each) and commit an average of 2-4 hours per week of additional program work (attending office hours, completing the final program project) for the duration of the 9 month program. 
• Open to peer sharing and learning in a cohort-based environment.
• Interested in responding to requests for proposals for real estate development opportunities with or without a development partner in the next 4-6 months.

Program Background

Headquartered in the Washington, D.C. metro area, Capital Impact Partners has supported communities for over 40 years through capital investments, programs, policy work, and partnerships. As a community development financial institution that invests in community, multifamily, and mixed-use development nationally, we are seeking to connect our goals of neighborhood revitalization and community wealth-building; this program is one way of making that connection. To learn more about Capital Impact Partners and our programs visit https://www.capitalimpact.org/programs/.

Disclaimers

1. THE SERVICES PROVIDED UNDER THE EDI PROGRAM ARE KNOWLEDGE-TRANSFER OR “CONSULTING” SERVICES IN CONNECTION WITH WHICH GENERAL INFORMATION ABOUT REAL ESTATE DEVELOPMENT WILL BE PROVIDED TO YOU. THE SERVICES PROVIDED UNDER THE PROGRAM DO NOT CONSTITUTE LEGAL, FINANCIAL, INVESTMENT, TAX, OR ACCOUNTING SERVICES OR ADVICE, AND DO NOT GIVE RISE TO THE ATTORNEY-CLIENT PRIVILEGE OR OTHER LEGAL PROFESSIONAL PRIVILEGES OF ANY KIND; YOU MUST CONSULT WITH YOUR PERSONAL LEGAL, FINANCIAL, INVESTMENT, TAX AND ACCOUNTING ADVISORS AT YOUR OWN EXPENSE FOR PROFESSIONAL ADVICE THAT IS TAILORED TO YOUR PARTICULAR NEEDS.

1. THIS IS NOT AN APPLICATION FOR A LOAN.  THE EDI PROGRAM IS A TECHNICAL ASSISTANCE PROGRAM, NOT A CREDIT PROGRAM. MOMENTUS CAPITAL’S TECHNICAL ASSISTANCE AND LENDING SERVICES ARE PROVIDED BY SEPARATE DEPARTMENTS OF THE ORGANIZATION. ALL LOANS ARE SUBJECT TO MOMENTUS CAPITAL'S STANDARD APPLICATION, UNDERWRITING AND APPROVAL PROCESSES (“LOAN PROCESSES”).  PREFERENTIAL TREATMENT IN THE LOAN PROCESSES WILL NOT BE GIVEN TO EDI PROGRAM PARTICIPANTS. 

Non-Discrimination Policy 

Momentus Capital does not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, disability or any other characteristic protected under applicable federal, state, or local law.

Contact Information  Please reach out to Aaron Gougis agougis@capitalimpact.org with questions about the program and application process. Support@submittable.com can help with application software issues.

* Momentus Capital is a brand name for a family of organizations that includes Capital Impact Partners, CDC Small Business Finance Corporation, Momentus Securities, and their subsidiaries and affiliates.