 | Annual Report Now Available
The Community Investment Advisory Council 2013 Annual Report is now available. The theme of the report, ‘Investing With Vision,’ speaks to a new, holistic perspective for the Bank. It's an exciting movement we're seeing within the community development industry and throughout our district. |
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 | | News |
| Competitive AHP Application Deadline Nearing | A number of members and sponsors have already initiated applications for the FHLBC's 2014 competitive Affordable Housing Program. The round opened on Monday, April 21; applications must be submitted and approved via AHP Online by 5:00 p.m. CT on Friday, June 20.
A variety of resources are available to help members and sponsors submit the most complete and competitive applications as possible including an updated Guide for Member Applicants, an updated Guide for Sponsor Applicants, new video tutorials, and an AHP Online Troubleshooting Guide.
This year the Bank seeks to award $21.9 million to members and sponsors in support of affordable homeownership and rental projects. The maximum award per project is $850,000. The Bank expects to make award announcements in early December. |
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| DPP® Update: More Than 80% Reserved! | | The FHLBC opened its 2014 Downpayment Plus® (DPP®) programs on March 17 with an allocation of $12 million and a member limit of $560,000. Since then more than 80% of the allocation has been reserved.
DPP is a down payment and closing cost assistance program for income-eligible homebuyers; funds are available by working with and through an FHLBC member institution. Individual grants of up to $8,000 per household are available this year on a first-come, first-served basis.
Members must enroll in the program in order to participate. Click here for more information.
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| Tell Us How We're Doing! | | Receiving insight from members, sponsors, and community partners helps shape our Community Investment programs as we work together to advance affordable housing, economic development, and community lending initiatives. An online feedback form was recently launched to help enhance this valuable dialogue. We welcome feedback on all aspects of our programs. Access the Community Investment Feedback Form to send us your suggestions. |
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 | | Advisory |
| Advisory Council Member Spotlight: Joy Aruguete, Bickerdike Redevelopment Corporation |  | In this Advisory Council Member Spotlight we introduce Joy Aruguete, executive director of Bickerdike Redevelopment Corporation. Bickerdike is a member-based non-profit community development corporation serving the communities of West Town, Humboldt Park, Logan Square, and Hermosa in Chicago.
Read More |
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| Congratulations, Katrina Van Valkenburgh! |  | Katrina Van Valkenburgh, FHLBC Advisory Council member, was recently recognized by the Chicago Rehab Network (CRN) with its Legacy Award. The award was presented by CRN board president Joy Aruguete, who is also a member of the FHLBC Advisory Council. Congratulations Katrina! |
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 | | Calendar |
| FHLBC In Your Community | | Click here to view photos from recent events the FHLBC attended. |
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