Competitive AHP Round Open
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The FHLBC’s 2016 competitive Affordable Housing Program (AHP) opened on April 18 and closes on June 17. |
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DPP® Open and in Demand
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The FHLBC opened its Downpayment Plus® (DPP®) programs on March 14 with an allocation of $15.3 million. Since then, participating members have reserved approximately $7.8 million (51%) on behalf of more than 1,300 households. In 2016, each participating member may access up to $420,000 on a first-come, first-served basis until the allocation has been reserved. Be sure to contact 312-565-5824 or dpp@fhlbc.com with any questions. |
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June Is National Homeownership Month
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Did you know that National Homeownership Month began as a week-long celebration of homeownership in 1995? In 2002, President George W. Bush proclaimed June National Homeownership Month, with the goal of helping more families achieve the American Dream. Be sure to look for celebratory events in your community.
The FHLBC is proud to invest in homeownership. Last year, we assisted more than 3,400 homebuyers and homeowners through our Downpayment Plus® programs and our competitive Affordable Housing Program. Additionally, the Mortgage Partnership Finance® (MPF®) Program purchased 40,562 mortgages from members of nine Federal Home Loan Banks in support of homeownership across their districts. |
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Community First® Fund Partner Spotlight |
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The Community First Fund is a revolving loan fund that provides direct support to community development financial institutions, community development loan funds, and state housing finance agencies serving Illinois and Wisconsin. The Community First Fund is the first of its kind in the Federal Home Loan Bank System and is unique to the FHLBC.
To date, $39.75 million has been committed to seven partners. In this Community First Fund Partner Spotlight, we introduce Chicago Community Loan Fund (CCLF). |
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