Update: HUD Mortgagee Letters and Down Payment Assistance   

August 29, 2019 

This Community Investment Advisory is an updated communication to the Advisory we issued on July 31, 2019.

On August 13, 2019, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-12, which rescinded Mortgagee Letter 2019-06 and subsequent Mortgagee Letters 2019-07 and 2019-10, effective immediately.

Members participating in the FHLBank Chicago’s Downpayment Plus® Program (DPP®) should continue using the updated letter posted on DPP Online, as the contents of this letter comply with current HUD requirements for down payment assistance provided by governmental entities used in conjunction with Federal Housing Administration (FHA) insured mortgage loans.

Please contact Community Investment at 312-565-5824, option 1, or dpp@fhlbc.com with any questions.

Federal Home Loan Bank of Chicago
200 East Randolph Drive
Chicago, IL 60601
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"Downpayment Plus" and "DPP" are registered trademarks of the Federal Home Loan Bank of Chicago.