FHLBC - Community First

Community First™ Disaster Relief Program

In response to the severe weather that struck Illinois in November 2013, the FHLBC created the Community First™ Disaster Relief Program. The program is available to the 15 counties identified in FEMA disaster declaration DR-4157.

The FHLBC will offer support to members and the communities they serve in the declared disaster areas in three new ways:

A donation of $500,000 to a new disaster relief grant program.
Through the 2014 Downpayment Plus® (DPP®) Program, homebuyers may apply for up to $15,000 of down payment assistance to purchase a permanent manufactured home located in the declared disaster area.
Availability of up to $100 million in Community Investment Cash Advances (CICA) at a reduced rate to be used for economic development and affordable housing lending in the declared disaster area.

Questions about the Community First™ Disaster Relief Program may be directed to the Community Investment Group at 312-565-5824.

‹ Back Home

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. We assume no obligation to update any forward-looking statements made in this newsletter. We hope you enjoyed this email communication; however, if you would like to unsubscribe please click here.

Copyright © 2014, 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 trademark of the Federal Home Loan Bank of Chicago.