Federal Home Loan Bank of Chicago awards more than $900,000 through its Community First® Capacity Building Grant Program

CHICAGO, August 24, 2020 /PRNewswire/ — The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced more than $900,000 was awarded with its Community First® Capacity building grants program to 21 non-profit community development lenders working in Illinois or Wisconsin.

Below is a list of grant recipients and the FHLBank Chicago member financial institutions with which they have partnered to receive a grant. Grants are used to help strengthen the financial condition, operational effectiveness, and/or human capital of a nonprofit community development lender to support affordable housing and/or economic development programs that the organization provides to the local communities in which it, and the member financial institution, serve.

Recipient

Member institution

Accion Chicago

First Eagle Bank

ACTS Housing

North Bank Bank, FSB

Berwyn Development Corporation

Bank of signatures

CAP Services, Inc.

BMO Harris Bank, North America

Cinnaire Credit Company

Associated Bank, NA

Community Investment Corporation

Associated Bank, NA

Community businesses

First Eagle Bank

Entrepreneur Fund

Associated Bank, NA

First American capital company

Bank of the Bay

First Nations Community Financial

Jackson County Bank

Fox Valley Habitat for Humanity

Oxford Bank and Trust

Lakeside Habitat for Humanity

Wisconsin Bank and Trust

Habitat for Humanity Oshkosh

Associated Bank, NA

IFF

CIBC United States

LISC Chicago

First bank in the Midwest

Movin’ Out, Inc.

BMO Harris Bank, North America

Chicago Neighborhood Housing Services

Domestic Bank and Trust

NiJii Capital Partners, Inc.

Associated Bank, NA

SomerCor

Glenview State Bank

Wild river habitat for mankind

Cameron Community Bank

Wisconsin Women’s Business Initiative Society

BMO Harris Bank, North America

“Through our Community First Capacity Building Grant Program, we are investing in the strength of nonprofit community development lenders,” said Katie Naftzger, Head of Community Investments, FHLBank Chicago. “Now more than ever, nonprofit lenders are providing essential products and services to diverse communities across Illinois and Wisconsin. We look forward to seeing the social and economic return of these investments in the communities our members serve. »

This year’s winners are using the funds to support the development and expansion of loan products, upgrading information technology, improving organizational policies and procedures, and professional development for staff and boards. ‘administration. Recipients were assessed on their mission, strategy to increase community development lending within their Illinois and Wisconsinthe diversity of populations served and the proposed uses of grant funds.

About the Federal Home Loan Bank of Chicago
The mission of the Federal Home Loan Bank of Chicago is to partner with our member institutions in Illinois and Wisconsin provide them with financing at competitive prices, a reasonable return on their investment in the Bank and support for community investment activities. FHLBank Chicago is one of 11 federal home lending banks chartered by the US Congress in 1932 to promote home ownership. Our members include banks, savings and credit unions, insurance companies and community development financial institutions throughout our district. To learn more about FHLBank Chicago, please visit fhlbc.com or follow @FHLBC on Twitter. “Community First” is a registered trademark of the Federal Home Loan Bank of Chicago.

SOURCE Federal Home Loan Bank of Chicago

Related links

http://www.fhlbc.com

Bernadine J. Perkins