 | | Federal Home Loan Bank of Chicago | Community Investment Newsletter | October 2014 |
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 | Register Now for a Regional Housing Forum
Join the National Housing Conference and the Federal Home Loan Bank of Chicago (FHLBC) on Wednesday, October 22, for a regional housing forum focusing on the past, future, and promise of affordable housing. The event is complimentary but space is limited so register now!
Click here for the agenda and registration information.
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 | | News |
| Nominations Now Open for the Community Investment Advisory Council | | The FHLBC is accepting nominations through October 31 to its Community Investment Advisory Council. The Advisory Council is comprised of individuals who reside in the district and are actively engaged in affordable housing, community lending, and/or economic development activities. Advisory Council members are appointed by the FHLBC Board of Directors and serve three-year terms. Click here for the nomination form. |
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| 2014 Competitive AHP Round Update | | The Community Investment staff is continuing to review the 120 applications that were submitted in our 2014 competitive Affordable Housing Program (AHP) round. Many applicants recently received a request for clarification; however, not being asked for clarification should not be interpreted as a lack of competitiveness. We expect to make award announcements in early December. |
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 | | Advisory |
| Advisory Council Spotlight: Mary Kenney, Illinois Housing Development Authority |  | In this Advisory Council Spotlight we introduce Mary Kenney, executive director of the Illinois Housing Development Authority (IHDA). IHDA was created as a self-supporting authority by the state legislature. It works as a bank with a public mission: to finance the creation and preservation of affordable housing across Illinois. Mary is serving her second term on the Advisory Council.
Read More |
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 | | Calendar |
| FHLBC In Your Community | Community First™ Fund Partnership Commemoration
A tree planting ceremony and reception was held on August 26, 2014, to commemorate the Community First™ Fund partnership of the FHLBC and the Wisconsin Women’s Business Initiative Corporation (WWBIC). An economic development roundtable with Congresswoman Gwen Moore (D-WI) kicked off the commemoration. Click here to view photos from the event. Click here to learn more about the partnership.
LBWN Rent-to-Own Homes and Our Daily Salt Grand Opening
Layton Boulevard West Neighbors (LBWN) recently hosted a grand opening of its Rent-to-Own project. The project involved the acquisition and rehabilitation of 26 vacant properties; 24 of the units are being used as affordable rental housing for eventual conversion to homeownership, one is being used as a ”live/work” unit, and one is a commercial space that is now home to Our Daily Salt. Our Daily Salt was the winner of the Silver City Business Plan Competition.
The FHLBC, through Town Bank, awarded a $192,000 Affordable Housing Program grant to LBWN and its development partner, Impact Seven, in 2012. The total development cost was $6.3 million. Click here to view photos from the grand opening. |
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| Upcoming Events | October 2–3: Housing Action Illinois Annual Conference
Bloomington, IL | Presenting and Sponsoring
October 7: Mercy Housing’s Moving Forward Together Celebration
Chicago, IL | Attending and Sponsoring
October 14–17: Opportunity Finance Network 2014 Conference
Denver, CO | Attending
October 20: Regional Housing Partnership Strategic Planning Convening
Chicago, IL | Attending
October 22: NHC & FHLBC Regional Housing Forum
Chicago, IL | Presenting and Sponsoring
October 23: Illinois Housing Council Networking Breakfast
Chicago, IL | Attending
November 6: WHEDA Conference 2014
Madison, WI | Attending, Exhibiting, and Sponsoring
November 11: Wisconsin Women’s Business Initiative Corporation Annual Luncheon
Milwaukee, WI | Attending
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Federal Home Loan Bank
of Chicago |
200 East Randolph Drive
Chicago, IL 60601
www.fhlbc.com |
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.
Copyright © 2015, 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 registered trademark of the Federal Home Loan Bank of Chicago. |
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