Federal Home Loan Bank of Chicago

Congratulations to our board member, Andrea Zopp, on receiving Impact for Equity's 2024 Champion of Public Interest Award! We are inspired by your passion advancing economic opportunity across the Greater Chicago Area. #FHLBankChicago #EconomicDevelopment

This week, the Council of Federal Home Loan Banks announced that the System of FHLBanks collectively anticipates it will provide $1 billion in support of affordable housing and community investment initiatives in 2024.

We had a wonderful time connecting with our members at our recent Mortgage Roundtable and Golf Outings. These events offered an excellent opportunity for us to come together to discuss what’s ahead in the economy as well as how our members can leverage our Mortgage Partnership Finance Program products to support their communities. Thank you to all who joined us!

Congratulations to the Housing Opportunity Development Corporation for breaking ground on Zion Woods — a new affordable housing development that will provide 25 homes for families and individuals in Deerfield, Illinois. We are proud to have supported this project with a $625,000 Affordable Housing Program (AHP) grant through our member Village Bank & Trust. Our 2024 AHP General fund is currently open and accepting applications until June 14 — learn more about the program on our website: https://bit.ly/2JuWgFp

Dive into this news article by the Chicago Business Journal highlighting our 2024 Affordable Housing Program (AHP) General Fund, which is now open for applications. Learn how our AHP grants are addressing rising development costs and supporting affordable housing across Illinois and Wisconsin.

Our 2024 Affordable Housing Program (AHP) General Fund is now open for applications – and this year, we’re doubling our subsidy per project from $1 to $2 million! We’re proud to deepen our commitment to enhancing community development across Illinois and Wisconsin. Visit our website to learn more and apply by June 14.

We are seeking a vendor to provide Microsoft Reseller and Managed Support Services. Explore all the details and requirements on our website and apply by May 17: fhlbc.com/vendors

We're dedicated to empowering homebuyers along their journey toward homeownership. Through our Community First® Housing Counseling Resource Program, we provide funding to HUD-certified housing counseling agencies to educate and empower individuals and families along their unique paths to owning a home. Additionally, through our member financial institutions, we offer up to $10,000 in Downpayment Plus® Program grants to income-eligible homebuyers, making the dream of owning a home more achievable. Watch below to learn how our network of housing champions at Illinois Housing Development Authority, Consumer Credit Counseling Service of Northern Illinois, and Midland States Bank collaborated to assist homeowners Angela and Luis in achieving their dream of purchasing a home. #FairHousingMonth

Congratulations to Housing Forward on the grand opening of the Broadview Legacy Apartments! This Permanent Supportive Housing development offers 16 apartments tailored to individuals and families exiting homelessness, including dedicated accommodations for veterans, transition-age youth, and families. We are proud to have supported this project with a $240,000 Affordable Housing Program (AHP) grant through our member Hinsdale Bank & Trust. Our 2024 AHP General fund round opens in one week — learn more about the program on our website: https://bit.ly/2JuWgFp

We're actively seeking a vendor partner to perform model validation of a Commercial Mortgage Backed Security model. Explore all the details and guidelines on our website and apply by May 13.