 | | Federal Home Loan Bank of Chicago | Community Investment Newsletter | June 2015 |
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 | Annual Report Now Available
The Community Investment Advisory Council 2014 Annual Report is now available. The theme of this year's report, "You Are The Solution," showcases a few of the many ways our member financial institutions strive to be "the solution" to challenges – and opportunities – faced by homebuyers, developers, and entrepreneurs. |
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 | | News |
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| Cook County Neighborhood Stabilization Initiative Recently Launched | The Neighborhood Stabilization Initiative (NSI) was jointly developed by the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac in 2015. It's a pilot program designed to stabilize neighborhoods that were hardest hit by the housing downturn.
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| DPP® Proving Popular Once Again | | The FHLBC opened its Downpayment Plus® (DPP®) programs on March 17 with an allocation of $17.4 million. Since then, participating members have reserved approximately $8.5 million (49%) on behalf of more than 1,400 households. In 2015, each participating member may access up to $420,000 on a first-come, first-served basis until the allocation has been reserved. |
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| Celebrate 25 Years of AHP |  | Follow @FHLBC as we celebrate the 25th anniversary of the Affordable Housing Program, #AHP25. |
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| June is National Homeownership Month |  | Did you know that National Homeownership Month actually began as a week-long celebration of homeownership in 1995? In 2002, President George W. Bush proclaimed June National Homeownership Month, with the goal of helping more families achieve the American Dream. Be sure to look for celebratory events in your community.
The FHLBC is proud to invest in homeownership. Last year, we assisted more than 2,500 homebuyers and homeowners through our Downpayment Plus® programs and our competitive Affordable Housing Program. |
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 | | Policy Corner |
| Introducing the "Community Investment Advisory" | The FHLBC has used the "Community Investment Bulletin" format to communicate items outside of our bi-monthly newsletter distribution schedule. The topics have been wide-reaching, with varying degrees of urgency.
In an effort to better identify important policy-related messages, we’re introducing the "Community Investment Advisory." While advisories will have the same format as bulletins, the masthead will clearly identify them as advisories. Advisories will be sent to a targeted audience of those most affected by the item being communicated, so not everyone on our distribution list will receive every advisory. For that reason, all advisories will be posted on the Bank's public website for convenient future reference. |
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Federal Home Loan Bank
of Chicago |
200 East Randolph Drive
Chicago, IL 60601
www.fhlbc.com |
This newsletter contains forward-looking statements which are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as "anticipates," "believes," "expects," "could," "plans," "estimates," "may," "should," "will" or their negatives or other variations on these terms.We caution that, by their nature, forward-looking statements involve risk or uncertainty, that actual results could differ materially from those expressed or implied in these forward-looking statements, and that actual events could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk factors set forth in our periodic filings with the Securities and Exchange Commission, which are available on our website at www.fhlbc.com.
Copyright © 2015, Federal Home Loan Bank of Chicago. "Downpayment Plus," "DPP," "Downpayment Plus Advantage," and "DPP Advantage" are registered trademarks of the Federal Home Loan Bank of Chicago. "Community First" is a registered trademark of the Federal Home Loan Bank of Chicago. |
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