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| Apply Online for a Competitive AHP Award |
| The Federal Home Loan Bank of Chicago's new application portal for the competitive Affordable Housing Program (AHP), AHP Online, is open and available for access by members and sponsors. AHP Online is the only way to submit a competitive AHP application. Applications must be sponsor and member approved by 5:00 p.m. CT on June 28, 2013. |
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| Amendment to the AHP Implementation Plan |
| The FHLBC Board of Directors recently approved an amendment to the Bank’s 2013 Affordable Housing Program Implementation Plan. |
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| Pairing FHA Loans with DPP Grants |
| The FHLBC issued a memorandum to members on March 7, 2013 in response to a HUD interpretive rule regarding pairing FHA loans with a Downpayment Plus® (DPP®) grant. On May 9, 2013, HUD issued Mortgagee Letter 2013-14 which attempts to further clarify the interpretive rule. The FHLBC is reviewing the letter to determine its impact on DPP. Once the review is complete, additional guidance will be communicated. |
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| Families Benefitting from Community Investment Programs Featured in Annual Report |
 The 2012 Community Investment Advisory Council’s Annual Report, “The Value of Community,” is now available online.
Featured in the report are families from Illinois and Wisconsin who have greatly benefitted from the Affordable Housing Program (AHP) and Downpayment Plus® Program (DPP®).
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| FHLBC Honored at Esperanza Community Services 'Celebrating Victories Gala' |
| Esperanza Community Services, in partnership with First American Bank in Illinois, was awarded a $128,000 competitive AHP grant by the FHLBC in 2012, enabling the Chicago-based non-profit organization to purchase and rehabilitate two properties that will become new homes for adults with developmental disabilities. |
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| DPP Marketing Brochure Now Available in Hmong |
| Did you know Wisconsin is home to the third largest Hmong population in the U.S.? To help members better serve this population, our customizable Downpayment Plus® (DPP®) marketing brochure is now available in Hmong. |
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| FHLBC Shares Fair Housing Partnership Award |
| Through a combined effort, three vacant buildings on Madison, Wisconsin's east side were converted into a 12-unit quality, affordable housing development known as Jenifer Place. The Wisconsin Fair Housing Network presented several institutions, including the FHLBC, with the Fair Housing Partnership Award for this joint effort. |
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| Advisory Council Member Spotlight: Michael Mitchell |
| In this Advisory Council Member Spotlight, we asked Michael Mitchell, Managing Director, The Exeter Group, his thoughts about faith-based community development and how the competitive Affordable Housing Program (AHP) has evolved over the years. |
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| Calling All Community Investors! |
| The FHLBC wants to feature you! If you have participated in an investment project that utilized FHLBC funds, the Community Investment Group would like to share your story with our FHLBC community. |
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| CALENDAR |
| FHLBC in Your Community |
The FHLBC is sponsoring and attending several upcoming events. We hope to see you there!
June 20: Esperanza National Prayer Breakfast, Washington, DC
June 20: National Housing Conference Gala, Washington, DC
July 24 and 25: “A Home for Everyone” Conference, Eau Claire, WI |
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2013 Competitive AHP
Application Deadline is June 28
• Applications are accepted only through AHP Online
• All reviews and approvals are completed online
• Competitive AHP round closes at 5:00 p.m. CT on June 28, 2013
Learn More |
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