2018 Downpayment Plus® Programs Open March 12
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The Federal Home Loan Bank of Chicago’s Downpayment Plus (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) programs will open March 12, 2018. Participating FHLBank Chicago members may reserve up to $420,000 in the general pool on a first-come, first-served basis to help their income-eligible borrowers with down payment and closing costs. Click here for more information on the 2018 programs and webinar registration.
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Register for a 2018 AHP Application Workshop
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Join FHLBank Chicago staff at a complimentary workshop to learn more about the 2018 competitive Affordable Housing Program (AHP). Topics covered will include eligibility, project feasibility, and the 2018 scoring guidelines. Space is available on a first-come, first-served basis. Potential AHP project sponsors, FHLBank Chicago member institutions, and development consultants are encouraged to attend. Last year there was a strong correlation between these learning opportunities and award success: In the 2017 competitive round, 100% of awarded projects had a member of the development team (i.e., member, sponsor, or consultant) register for a webinar or land-based workshop. Register for a workshop here.
Additionally, FHLBank Chicago staff are hosting two webinars for those with previous AHP experience. These identical webinars will focus on significant changes from 2017 to 2018. Register for a webinar here.
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Sneak Peek: The Villas at Vinegar Hill Video
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FHLBank Chicago staff recently visited Springfield, Illinois, to make a video highlighting the Villas at Vinegar Hill, a 92-unit rental project that replaced two 14-story public housing towers.
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Introducing the 2018 Community Investment Advisory Council
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The 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.
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Upcoming Events
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February 21 | Wisconsin Mortgage Bankers Association and Home Buyers Round Table of Dane County’s Lender’s Down Payment Assistance Training | Madison, WI | Attending and Presenting | February 21–22 | Illinois Housing Development Authority and Illinois Housing Council’s Illinois Governor’s Conference on Affordable Housing | Chicago, IL | Attending and Sponsoring | March 13 | NHS of Chicago’s Annual Awards Dinner | Chicago, IL | Attending and Sponsoring | March 15 | LISC Milwaukee’s Milwaukee Awards for Neighborhood Development Innovation | Milwaukee, WI | Attending and Sponsoring | March 18–21 | National Interagency Community Reinvestment Conference | Miami, FL | Attending, Presenting, and Sponsoring | April 5 | LISC Chicago’s Chicago Neighborhood Development Awards | Chicago, IL | Attending and Sponsoring | April 18 | FHLBank Chicago’s AHP Application Workshop | Bloomington, IL | Hosting and Presenting | April 24 | FHLBank Chicago’s AHP Application Workshop | Stevens Point, WI | Hosting and Presenting | April 25 | FHLBank Chicago’s AHP Application Workshop | Madison, WI | Hosting and Presenting | April 26 | FHLBank Chicago’s AHP Application Workshop | Milwaukee, WI | Hosting and Presenting | April 30 | FHLBank Chicago’s AHP Application Workshop | Chicago, IL | Hosting and Presenting | May 1 | FHLBank Chicago’s AHP Application Workshop | Chicago, IL | Hosting and Presenting | May 14–16 | Mission Investors Exchange’s National Conference | Chicago, IL | Attending | May 15–17 | Center for Community Progress’ Reclaiming Vacant Properties Conference | Milwaukee, WI | Attending and Sponsoring | May 24 | Illinois Housing Council’s Networking Breakfast | Chicago, IL | Attending, Presenting, and Sponsoring |
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The Rivers
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Location: Oshkosh, Wisconsin
AHP award: $240,000
Member: West Pointe Bank
Sponsor: Dumke Management, Inc.
Photo courtesy of Dumke Management, Inc.
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FHLBank Chicago in Your Community |
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View photos from recent events attended by FHLBank Chicago staff.
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