FHLBC - Community First

Competitive AHP Round Now Open

The FHLBC’s 2015 competitive Affordable Housing Program (AHP) round opened on April 27 and closes on June 26. This year, the Bank seeks to award $29 million to members and sponsors in support of affordable homeownership and rental projects. A number of applications have been initiated since the opening.

Sponsors are encouraged to reference AHP Online: Guide for Sponsor Applicants when completing their applications. Members are encouraged to reference AHP Online: Guide for Member Applicants.

Applications must reach "member approved" status in AHP Online by 5:00 p.m. CT on Friday, June 26, to be eligible for consideration. Award announcements are expected in early December.

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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.

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.