FHLB Chicago

Federal Home Loan Bank of Chicago | Community Investment eNewsletter | August 2013

Ribbon Cutting Ceremonies

TransLife Center - Chicago, Illinois

The Chicago House and Social Service Agency recently opened its newest project, TransLife Center (TLC).

The mission of TLC is to provide affordable, supportive housing for transgender persons with links to culturally competent healthcare and social services to help them overcome poverty and reduce their risk of experiencing homelessness, underemployment, violence, health disparities, and HIV infection. TLC is the first transitional housing project of its kind in the country and has already received national attention for its progressive and inclusive approach to serving this population.

The FHLBC awarded a $72,000 Affordable Housing Program (AHP) subsidy to the project in 2012 through MB Financial. Tim Klont, FHLBC Community Investment Senior Analyst, attended the ribbon cutting ceremony held on July 15, 2013.

Pictured at the ribbon cutting ceremony include:
Stan Sloan, Executive Director of Chicago House; Illinois State Representative Greg Harris; Illinois State Senator Heather Steans; and Congresswoman Jan Schakowsky

Photos courtesy of Chicago House

Northtown Village Senior Apartments - East Chicago, Indiana

The Community Builders, Inc. (TCB), the nation’s leading nonprofit urban housing developer, along with the City of East Chicago and the Department of Housing and Urban Development (HUD), celebrated the opening of Northtown Village Senior Apartments, a mixed-income senior housing development in East Chicago's North Harbor lakefront neighborhood. The 56-unit complex provides elderly residents the opportunity to live in high-quality affordable housing and is at the center of North Harbor's downtown community revitalization.

The FHLBC awarded $500,000 of Affordable Housing Program (AHP) subsidy to the project in 2011 through IFF. Additional funding was provided by the City of East Chicago, Indiana Housing and Community Development Authority (IHCDA), HUD, TCB NSP2, IFF, JP Morgan Capital Corporation, and Hudson Housing Capital. Suzi Thackston, FHLBC Community Investment Vice President, attended the ribbon cutting ceremony held on July 24, 2013.

Pictured at the ribbon cutting ceremony include:
Dan Burke of HUD; Maria Becerra of the East Chicago Redevelopment Department; Will Woodley of TCB; John Hall of HUD; East Chicago Mayor Anthony Copeland; Bart Mitchell of TCB; Alan Rakowski of IHCDA; Terri Brown of TCB; and East Chicago Councilwoman Gilda Orange

Photos courtesy of The Community Builders, Inc.

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.