 | | Federal Home Loan Bank of Chicago | Community Investment Newsletter | December 2016 | |
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$23.5 Million Awarded Through 2016 Competitive Affordable Housing Program
The FHLBC announced that it has awarded $23.5 million in grants through the 2016 Affordable Housing Program (AHP). Thirty nine awards were made to 18 member institutions and 27 sponsors to support the new construction, acquisition, and/or rehabilitation of 2,038 housing units. Read the press release here. |
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 | | News |
| Downpayment Plus® Programs Update | Approximately $17.9 million has been reserved so far in the 2016 Downpayment Plus® (DPP®) programs; limited funds are still available. Once funds are fully reserved, no additional reservations will be allowed under the 2016 DPP programs nor will a waiting list be established. Thanks to the more than 200 FHLBC members that have reserved DPP funds on behalf of 3,000 homebuyers this year.
The 2017 DPP programs are scheduled to open on March 13, 2017, with member enrollment starting in early 2017. |
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| Community First® Award Nominations Now Open | The annual Community First® Awards recognize member institutions and local partners for their work building and strengthening communities in four categories: Partnership, Project or Program, Pioneer, and Emerging Leader. Award recipients identify a non-profit organization to receive up to $10,000 on their behalf.
The deadline for submitting awards is January 20, 2017. For more information on each award category and to submit a nomination, please reference the nomination form here. Click here to read about the 2016 award winners. |
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| Community First® Disaster Relief Program Update | | On September 29, the FHLBC announced a $500,000 contribution to its Community First® Disaster Relief Program. Financial assistance will be available through member financial institutions to individuals and business owners affected by storms and flooding in northern Wisconsin in July. On November 17, the FHLBC expanded its program to include central Wisconsin communities impacted by the severe storms, flash flooding, and mudslides that occurred in September. Read the press release here. |
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 | | Community First® Fund Partner Spotlight |
| Forward Community Investments | In 2015, Forward Community Investments (FCI) received a $2.5 million, 10-year loan from the Community First Fund, a revolving loan fund that provides direct support to CDFIs, community development loan funds, and state housing finance agencies serving Illinois and Wisconsin. In this Community First Fund Partner Spotlight, we ask FCI’s President, Salli Martyniak, about how this investment is contributing to her organization’s success.
Read More |
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 | | Advisory |
| Advisory Council Members Recognized for Service | The FHLBC recognized two professionals for completing a term of service on the Bank’s Community Investment Advisory Council: Tom Landgraf and Dalitso Sulamoyo. View their photo here.
The Advisory Council consists of representatives actively involved in providing or promoting affordable housing, community economic development, and/or community lending in Illinois or Wisconsin. The Bank expects to announce appointments to the 2017 Advisory Council soon. |
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| Reflections from the Advisory Council |  | For the Community Investment Advisory Council, this has been a year of hard work and fresh possibilities. Click here to read a message from the leadership of the Bank’s Community Investment Advisory Council as the Chair and Vice-Chair look back on 2016 and preview the opportunities ahead in 2017. |
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 | | Calendar |
| FHLBC in Your Community | | Click here to view photos from recent events the FHLBC has attended. |
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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 © 2016, Federal Home Loan Bank of Chicago. "Community First," "Downpayment Plus," "DPP," "Downpayment Plus Advantage," and "DPP Advantage" are registered trademarks of the Federal Home Loan Bank of Chicago.
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