FHLB Chicago

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

FHLBC Downpayment Plus^® Programs Now Open

Annual enrollment for the FHLBC’s Downpayment Plus (DPP^®) and Downpayment Plus Advantage^® programs is now open with an initial allocation of $10 million. The DPP and DPP Advantage programs provide forgivable grants to income-eligible households to assist with down payment and closing costs. Enrollment forms may be found on the website of the program administrator for the state in which your financial institution is chartered:

Illinois League of Financial Institutions
Wisconsin Partnership for Housing Development

New in 2013 is a DPP Fact Sheet and a DPP Program Guide; the Guide contains information about the programs as well as links
to all necessary forms. Members wishing to pair an FHA-insured first mortgage with a DPP grant are also encouraged to review this memo from the FHLBC regarding a recent HUD Interpretive Rule.

Please contact your state-specific program administrator with any questions.

You’re also invited to attend a 1-hour DPP overview webinar:
Date: April 30
Time: 10 a.m. Central Time
Click here to register.

Federal Home Loan Bank of Chicago
200 East Randolph Drive Chicago, IL 60601 www.fhlbc.com	Copyright © 2013, 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.

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.