COVID-19 Relief Program
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In April, the Board of Directors of FHLBank Chicago approved approximately $30 million for a COVID-19 Relief Program to support member institutions and the communities they serve in Illinois and Wisconsin. Between April 27 and May 22, 668 members utilized the program, either by taking a zero percent advance and/or accessing grant funding to support small business and nonprofit beneficiaries. Learn more about FHLBank Chicago’s response to COVID-19 through our COVID-19 Resource Center.
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Capacity-Building Grant Program Update
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FHLBank Chicago accepted applications for its 2020 Community First® Capacity-Building Grant Program between April 6 and May 22. 23 member institutions submitted a total of 35 applications in partnership with nonprofit lenders. Following initial review, the FHLBank Chicago will request additional information from select applicants. Award recipients will be announced in August.
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2020 HUD Income Limits
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The United States Department of Housing and Urban Development (HUD) has released income limits for 2020. Effective April 10, these limits are used to determine income eligibility for the competitive AHP, DPP, and Community Advances. Visit our HUD Income Guidelines webpage for more information and resources
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Grand View Townhomes
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Location: Appleton, Wisconsin
AHP Award: $600,000
Member: Associated Bank, National Association
Sponsor: Appleton Housing Authority
Photo courtesy of Appleton Housing Authority
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