's Affordable Housing Programme (AHP) awards initiatives in affordable housing.
Federal Home Loan Bank of Chicago (FHLBC) said in its largest single round, it has awarded USD29.4 through its competitive AHP to help finance 60 affordable housing projects located primarily in Illinois and Wisconsin.
FHLBC Community Investment Officer Suzi Thackston said, "These AHP awards will assist in the acquisition, rehabilitation, and new construction of over 2,600 housing units.
The Federal Home Loan Bank of Chicago (FHLBC
), an USD77bn wholesale bank serving the needs of member housing finance institutions in Illinois and Wisconsin, has said that it has received approval for its capital stock conversion plan from its regulator, the Federal Housing Finance Agency (FHFA).
29 January 2014 -- US housing finance provider the Federal Home Loan Bank of Chicago (FHLBC) said it is introducing the Community First Disaster Relief Program that will initially assist several communities in Illinois that were struck by tornados and severe storms in November 2013.
According to the bank, the FHLBC will provide financial assistance to people living and working in the affected area (FEMA disaster declaration DR-4157) through its member financial institutions.
From February 3 through July 25 2014 the FHLBC is offering financial support by donating USD 500,000 to create a new Community First Disaster Relief Grant Program.