June 2016
Competitive AHP Round Open The FHLBC’s 2016 competitive Affordable Housing Program (AHP) opened on April 18 and closes on June 17.   News DPP® Open and in Demand 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.   June Is National Homeownership Month 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.   Community First® Fund Partner Spotlight 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).   Calendar Upcoming Events  June 8–10 CSH’s National Supportive Housing Summit Chicago, IL | Sponsoring June 20 Community Investment Corporation’s Neighborhood Forum Chicago, IL | Attending June 22 Illinois Housing Council’s Networking Breakfast Chicago, IL | Attending July 13–14 Wisconsin Collaborative for Affordable Housing’s A Home for Everyone Conference Appleton, WI | Sponsoring July 21 Illinois Housing Council’s Summer Mixer Chicago, IL | Attending October 24–27 Opportunity Finance Network’s 2016 OFN Conference Atlanta, GA | Attending				Helpful Links › AHP Online for Members › AHP Online for Sponsors

 

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 © 2016, 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.