FHLBC - Community First

Affordable Housing Program Celebrates 25 Year Anniversary

This year marks the 25th anniversary of the Federal Home Loan Banks’ Affordable Housing Program (AHP). AHP is one of the largest private sources of grant funds for affordable housing in the United States. Since 1989, the FHLBC has awarded more than $316 million in competitive AHP grants and more than $110 million in Downpayment Plus® Program funds that have helped provide approximately 92,000 units of affordable housing for homebuyers, homeowners, and renters. The Community Investment Group would like to thank the many FHLBC member institutions and project sponsors that have participated in the Affordable Housing Program and looks forward to celebrating the program anniversary throughout 2014.

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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.