 | AHP 25 Year Anniversary
This year marks the 25th anniversary of the Affordable Housing Program (AHP). Throughout the year we will share how the program has helped make a difference for homebuyers, homeowners, and renters across our district. In fact, since 1989, the FHLBC Affordable Housing Program has served nearly 99% of counties in Illinois and Wisconsin. View a district map. |
| |
 | | News |
|
|
| 2015 Downpayment Plus® Programs Opening March 16 | | The FHLBC's Downpayment Plus® (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) programs are opening March 16. FHLBC members may reserve up to $420,000 in 2015 on a first-come, first-served basis to help their income eligible customers with down payment and closing costs. Program enrollment will open soon. Attend a DPP webinar to learn more. |
|
|
| 2015 AHP Application Trainings: Register Today! | Join FHLBC staff at any one of five complimentary half-day sessions listed below to learn more about competitive Affordable Housing Program eligibility, project feasibility, and the scoring guidelines for 2015.
April 8: Bloomington, IL
April 14: Stevens Point, WI
April 16: Milwaukee, WI
April 21: Rosemont (Chicago), IL
April 22: Rosemont (Chicago), IL
AHP Online, the FHLBC’s online project management system, will open for applications on Monday, April 27, 2015.
Learn more and register for an application training. |
|
|
| All Competitive AHP Monitoring Functions Now Within AHP Online | | All competitive Affordable Housing Program (AHP) projects not yet completed and/or under retention have been migrated to AHP Online, the FHLBC’s online project management system for members and sponsors with AHP projects. As of January 1, 2015, the AHP grant application, disbursement requests, semi-annual progress reporting, project completion reporting, and long-term monitoring for all projects must be initiated, reviewed, and approved in AHP Online.
To assist members and sponsors with fulfilling compliance reporting requirements and navigating AHP Online, the FHLBC recently published AHP Online: Guide for Project Management. This resource provides guidance on how to change a contact in the system and how to initiate, review, and approve a disbursement request. Over time, the guide will expand to include guidance on how to submit semi-annual progress reports, project completion reports, and long-term monitoring obligations. Users are encouraged to always access the guide directly via www.fhlbc.com to ensure they are consulting the most recent version.
|
|
|
| New CICA Product Sheet | Community Investment Cash Advances (CICA) are available to FHLBC members in a variety of advance structures and maturities to support eligible community lending initiatives. This product provides the flexibility members need to link these assets with matching liabilities by offering both preferential rates and terms from one month to 10 years.
Access the newly updated CICA product sheet. |
|
|
 | | Advisory |
| Advisory Council Spotlight: Tom Landgraf, Dimension Development, LLC |  | In this Advisory Council Spotlight we introduce Tom Landgraf, principal at Dimension Development, LLC, and a lecturer at the University of Wisconsin–Madison School of Business Real Estate and Urban Land Economics. Dimension Development is an affordable housing financing consulting firm that partners with nonprofits, community development authorities, and public housing authorities to structure and obtain a variety of funding sources. Tom is serving his first term on the Advisory Council.
Read More |
|
|
| Reappointments to the Community Investment Advisory Council | The FHLBC Board of Directors recently reappointed five individuals to the Community Investment Advisory Council:
• Joy Aruguete is the chief executive officer of Bickerdike Redevelopment Corporation in Chicago, IL.
• James Hill is the vice president of government relations and housing for the Milwaukee Center for Independence in Milwaukee, WI.
• Irma Yepez Klassen is the associate director of Select Milwaukee in Milwaukee, WI.
• Mary Patoka is the president and chief executive officer of CAP Services, Inc. in Stevens Point, WI.
• Katrina Van Valkenburgh is the managing director with the Corporation for Supportive Housing in Chicago, IL.
The Community Investment Advisory Council of the FHLBC consists of representatives from community and nonprofit organizations actively involved in providing or promoting affordable housing, community lending, and/or economic development in Illinois or Wisconsin.
Nominations to the Advisory Council are solicited annually. |
|
|
 | | Calendar |
| Upcoming Events | February 17: Chicago Neighborhood Development Awards (CNDA)
Chicago, IL | Attending and Sponsoring
March 3: Downpayment Plus® Programs Webinar
March 12: Downpayment Plus® Programs Webinar
March 18: NHS Chicago Annual Awards Dinner
Chicago, IL | Attending and Sponsoring
April 1–2: Illinois Governor’s Conference on Affordable Housing
Chicago, IL | Attending and Sponsoring
April 8: AHP Application Training
Bloomington, IL | Hosting
April 14: AHP Application Training
Stevens Point, WI | Hosting
April 15: Milwaukee Awards for Neighborhood Development Innovation (MANDI) Milwaukee, WI | Attending and Sponsoring
April 16: AHP Application Training
Milwaukee, WI | Hosting
April 21: AHP Application Training
Rosemont, IL | Hosting
April 22: AHP Application Training
Rosemont, IL | Hosting
May 11–13: CSH Supportive Housing Summit
Chicago, IL | Attending and Sponsoring |
|
|
|
|
|
|
|
