FHLBC - Community First

Cook County Neighborhood Stabilization Initiative Recently Launched

The Neighborhood Stabilization Initiative (NSI) was jointly developed by the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac in 2015. It's a pilot program designed to stabilize neighborhoods that were hardest hit by the housing downturn. The goals are to improve upon existing strategies that help delinquent borrowers avoid foreclosure and to create a more efficient path for disposing of property after foreclosure. These strategies reflect input from local housing groups, non-profits, and government officials and have been tailored to address the unique circumstances of the Cook County, Illinois market. Fannie Mae and Freddie Mac established a partnership with the National Community Stabilization Trust that will leverage ties to community organizations and local non-profits to meet the NSI's goals.

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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.

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