 | | Federal Home Loan Bank of Chicago | Community Investment Newsletter | February 2020 | |
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| Register for a 2020 AHP Learning Opportunity | Learn about the 2020 competitive Affordable Housing Program (AHP) at a complimentary workshop. Topics covered include eligibility, project feasibility, and scoring. 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.
Register for a workshop.
Additionally, those with previous AHP experience can register for a webinar. These identical webinars focus on significant changes from 2019 to 2020. Register for a webinar. |
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 | | News |
| CDFI Forum | | On January 8 and 9, the FHLBank Chicago hosted the 2020 FHLBank CDFI Forum celebrating ten years of partnerships between the FHLBank System and community development financial institutions (CDFIs). Attendees from across the country gathered in Chicago to discuss CDFI membership in the FHLBank System and opportunities for collaboration. |
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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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| Disaster Relief Program Update | | In October 2019, the FHLBank Chicago allocated $500,000 through its Community First Disaster-Relief Program to support members institutions and their communities affected by FEMA-declared disasters in Illinois and Wisconsin. Since the program closed on December 20, 2019, 53 grants have been awarded; 39 to support homeowners and 14 to support small businesses. |
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| FHLBank Chicago In Your Community | | Community Investment staff is available to attend groundbreakings, ribbon cuttings, and grand openings for competitive AHP projects in your communities. If you have an upcoming event you'd like us to attend, please email ci@fhlbc.com. |
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| Community Revitalization Challenge | | The Community Revitalization Challenge (CRC) is an initiative led by Housing Action Illinois that connects community-based organizations with financial institutions to design and implement potentially Community Reinvestment Act-eligible projects. These collaborations aim to expand access to affordable housing and promote economic development opportunities for low- and moderate-income residents throughout Illinois. To learn more, visit the CRC webpage. |
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 | | Policy Corner |
 | | Advisory |
| Appointments to the Community Investment Advisory Council | The FHLBank Chicago’s Board of Directors recently appointed the following individuals to the Community Investment Advisory Council. - Joaquin J. Altoro, Wisconsin Housing and Economic Development Authority
- Kristin L. Faust, Illinois Housing Development Authority
Additionally, the following individuals were reappointed to the Community Investment Advisory Council for an additional term:
- Tom Landgraf, Dimension Development LLC
- Jackie L. Newman, Springfield Housing Authority
- Valerie Johnson Renk, Habitat for Humanity of Dane County
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 | | Calendar |
| Upcoming Events | | February 20 | Home Buyers Round Table of Dane County's Lender's Down Payment Assistance Training | | Madison, WI | Attending and Presenting | | February 26-27 | Illinois Institute for Rural Affairs' Rural Community Economic Development Conference | | Springfield, IL | Attending, Exhibiting, and Sponsoring | | March 2-3 | Illinois Housing Council's 2020 Affordable Housing Forum | | Chicago, IL | Attending, Exhibiting, Speaking, and Sponsoring | | March 4 | Neighborhood Housing Services of Chicago's Annual Awards Dinner | | Chicago, IL ǀ Attending | | March 9-12 | National Interagency Community Reinvestment Conference | | Denver, CO ǀ Attending | | March 12 | Layton Boulevard West Neighbors' Executive Breakfast | | Milwaukee, WI ǀ Attending and Sponsoring | | April 2 | LISC Milwaukee's Milwaukee Awards for Neighborhood Development Innovation | | Milwaukee, WI | Attending and Sponsoring | | April 23 | LISC Chicago's Chicago Neighborhood Development Awards | | Chicago, IL ǀ Attending, Judging, and Sponsoring | |
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| 8Twenty Park Phase I |
Location: Madison, Wisconsin
AHP Award: $715,478
Member: Town Bank
Sponsor: Dane County Housing Authority
Photo courtesy of JT Klein Company
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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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