FHLBC - Community First

FHLBC In Your Community

The FHLBC recently awarded the City of Milwaukee a $266,250 Affordable Housing Program grant through North Shore Bank. Tim Klont, FHLBC Community Investment Senior Analyst, participated in a press conference with the City and North Shore Bank to announce the details of the award.

Pictured L to R: Michael Kellman, Senior Vice President of Lending for North Shore Bank; Tim Klont; and Milwaukee Mayor Tom Barrett.

Duane Bethea, FHLBC Lead Cost Analyst, attended the grand opening of Buffett Place in Chicago. Buffett Place is an adaptive
re-use of a vacant residential hotel and provides 51 units of affordable, supportive housing for individuals with histories of homelessness.

The building features a rooftop solar thermal system that will provide 59% of the energy required to heat the building's water and the Chicago Botanic Garden will host horticulture classes on the rooftop garden. Buffet Place also features a flower shop, Urban Meadows, that will employ six residents. The FHLBC awarded Thresholds a $374,000 Affordable Housing Program grant in 2011 through One Mortgage Partners Corp., an affiliate of JPMorgan Chase Bank, N.A.

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