| Federal Home Loan Bank of Chicago | Community Investment Newsletter | June 2020 | |
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| News |
COVID-19 Relief Program | 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 | 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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| Policy Corner |
2020 HUD Income Limits | 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 |
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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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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