| Federal Home Loan Bank of Chicago | Community Investment Newsletter | December 2020 | |
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$24.8 Million Awarded Through 2020 Competitive Affordable Housing Program | The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced that it has awarded $24.8 million in grants through the 2020 competitive Affordable Housing Program. 44 awards were made to support the new construction, acquisition, and/or rehabilitation of over 2,000 units of rental and owner-occupied housing. For more details, read the announcement. |
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| News |
FHLBank Chicago Targeted Impact Fund | FHLBank Chicago’s Targeted Impact Fund provided our members with grants to support relief efforts for populations hardest-hit by COVID-19 as well as to promote equity and opportunity for communities of color. Between August 10 and November 13, 76% of our members utilized the program, providing nearly $9.8 million to beneficiaries throughout Illinois and Wisconsin. Learn more about FHLBank Chicago’s response to COVID-19 through our COVID-19 Resource Center. |
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| Policy Corner |
| Advisory Council Spotlight |
Introducing the 2021 Community Investment Advisory Council | FHLBank Chicago’s Board of Directors recently made appointments and reappointments to the Community Investment Advisory Council. Read more about the new and returning members. We are excited to begin working with these affordable housing and community lending leaders! |
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Thorncreek Senior Living |
Location: Thornton, Illinois
AHP award: $610,000
Member: MB Financial Bank, National Association
Sponsor: Turnstone Development Corporation
Photo credit to Trent Albert at Albert Photographic |
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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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