 | | Federal Home Loan Bank of Chicago | Community Investment Newsletter | October 2020 | |
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| Deadline Approaching for Community Investment Advisory Council Nominations | | FHLBank Chicago is accepting nominations to its Community Investment Advisory Council through Wednesday, October 7. The Advisory Council, comprised of affordable housing and/or community lending leaders residing in Illinois or Wisconsin, meets quarterly with staff and representatives of FHLBank Chicago’s Board of Directors to advise on ways in which FHLBank Chicago can better carry out its housing finance and community lending missions. To nominate an individual to the Advisory Council, please complete and submit the 2021 Nomination Form. |
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 | | News |
| FHLBank Chicago Targeted Impact Fund | | FHLBank Chicago extended the application deadline for the Targeted Impact Fund through Tuesday, November 10, 2020, to give our members the maximum amount of time to provide relief grants to beneficiaries in Illinois and Wisconsin. Every member can apply for up to $20,000 in grants to provide direct support to those most impacted by the COVID-19 crisis as well as organizations that promote equity and opportunity for communities of color. Learn more about the Targeted Impact Fund through our COVID-19 Resource Center. |
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| Community Small Business Advance Available | | FHLBank Chicago members can access the Community Small Business Advance with 0% financing to support small business lending in income-eligible communities throughout Illinois and Wisconsin. This product combines competitive pricing with support for local economies and community revitalization efforts. In order to qualify, members must complete the Community Small Business Advance application and demonstrate the eligibility of the small business as outlined in the application. |
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 | | Advisory Council Spotlight |
| Advisory Council’s Commitment to Racial Equity | | FHLBank Chicago’s Community Investment Advisory Council recently launched a working group to ensure that our Community Investment programming reflects our steadfast commitment to racial equity. Over the next several months, the working group will review Community Investment programs using a lens of racial equity, identify opportunities for enhancements, and make recommendations to ensure all products promote equity and are accessible to all. Thank you to all of our working group members. |
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| Monroe Street Apartments |
Location: Waterloo, Wisconsin
AHP Award: $228,000
Member: Nicolet National Bank
Sponsor: Movin’ Out, Inc.
Photo courtesy of Movin’ Out, Inc. |
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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 © 2020, Federal Home Loan Bank of Chicago. "Community First," "Downpayment Plus," "DPP," "Downpayment Plus Advantage," "DPP Advantage," "Mortgage Partnership Finance," and "MPF" are registered trademarks of the Federal Home Loan Bank of Chicago.
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