We’re thrilled to share our 2023 Impact Report! This report highlights how we’re investing in opportunities, providing liquidity and reliable funding to our members, support for affordable housing and community development, and fostering an inclusive culture. Last year, we supported nearly 5,000 local jobs and over 15,000 housing units through $2.4 billion in discounted lending through community advances and awarded more than $74 million in community investment grants. Our grant funding provided over 1,900 individuals and families with affordable housing, nearly 3,600 homebuyers with downpayment assistance, support for 170+ small businesses, and more. We expanded our membership, welcoming 10 new members and 29 financial institutions to our Mortgage Partnership Finance Program nationally, allowing us to offer services and make and impact across even more communities. We encourage you to share our impact and read the full report for inspiring stories: fhlbc.com/impact #FHLBCImpact #InvestingInOpportunities
Federal Home Loan Bank of Chicago
Banking
Chicago, IL 10,668 followers
Providing competitively priced funding and support for community investment activities to our members in IL and WI
About us
Our Mission: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities.
- Website
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http://www.fhlbc.com
External link for Federal Home Loan Bank of Chicago
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- Chicago, IL
- Type
- Privately Held
- Founded
- 1932
- Specialties
- Financial Services, Access to Secondary Mortgage Market, and Community Investment Programs
Locations
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Primary
433 West Van Buren Street
Suite 501S
Chicago, IL 60607, US
Employees at Federal Home Loan Bank of Chicago
Updates
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With the help of our Community Small Business Advance Program in partnership with Signature Bank, Global Water Technology, Inc. (GWT) is acquiring a new 100,000 sq. ft. headquarters in Calumet City, Illinois. This significant expansion will drive GWT’s growth and strengthen its water treatment and energy services within its community. The increased subsidy of our Community Small Business Advance Program has enabled us to offer significantly below-market rate loans, helping businesses like GWT achieve their goals.
Global Water Technology, Inc. extends a heartfelt thank you to our partners CBRE, Signature Bank, the Federal Home Loan Bank of Chicago, SomerCor, and the U.S. Small Business Administration for their exceptional support and expertise in facilitating the purchase of our new company headquarters. Our partners were integral to helping lay the foundation for our future growth, and for that we are forever grateful. Here's to our continued collaboration and shared success! #gwtinc #newhq #goglobal #thankyou
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We are proud to announce an increase of $1.5 million for our Community First® Housing Counseling Resource Program. In 2024, a total of $3.5 million has been allocated to the Illinois Housing Development Authority and the Wisconsin Housing and Economic Development Authority (WHEDA), bringing the total funding for this vital program to $7.5 million over the past three years. This increase reflects our ongoing commitment to supporting minority and low- and moderate-income homebuyers across Illinois and Wisconsin. Learn more in the full announcement: https://bit.ly/3MmWVI4
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Our very own Jordan L. and Richard Moran recently had the pleasure of presenting an economic and financial strategies update to WCCU Credit Union. It was a fantastic opportunity to connect and share insights directly with their leadership team. FHLBank Chicago is eager to continue these engagements, providing tailored strategies to help our members succeed. We encourage our members to reach out to their Sales Director to schedule a presentation!
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We were thrilled to attend and sponsor the 2024 Milwaukee Awards for Neighborhood Development Innovation (MANDI) last week! Hosted by LISC Milwaukee, the awards recognize excellence and innovation in community development throughout the Milwaukee area.
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We're looking for an implementation partner to enhance our Source-to-Pay (S2P) function. Visit our website to review the details and submit your application by September 4: fhlbc.com/vendors
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Our Community First® Diverse Developer Initiative fosters career growth for diverse real estate developers of affordable housing, who bring unique perspectives and a deep understanding of their communities' specific needs. We’re proud to support leaders like Pete King, President and CEO of King Solutions and General Manager of Oneida ESC Group Subsidiary, in advancing affordable housing development within tribal communities in our District. View the full story in our 2023 Impact Report: fhlbc.com/impact Our 2024 Diverse Developer Initiative application round is currently open — learn more: https://bit.ly/3MeUabr #FHLBCImpact #InvestingInOpportunities
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Faced with the rising cost of rent, many Americans recognize that homeownership brings financial stability and can be a major driver for long-term wealth building. However, as home prices continue to rise and interest rates remain persistently high, many are finding it increasingly difficult to fathom their future as homeowners. Check out this article in the Chicago Sun-Times to learn how we’re helping individuals achieve homeownership and build long-term financial stability through our Community First® Housing Counseling Resource Program and Downpayment Plus® Program.
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We're proud to announce our new Low-Income Housing Tax Credit (LIHTC) Collateral Pilot Program, designed to amplify our members' impact in affordable housing. This innovative program offers our members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multi-family housing projects. Learn more about how this program aligns with our mission and supports housing in the communities we serve with our members: https://bit.ly/4cB93Q6
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We were honored to host the Illinois Bankers Association's Future Leaders Alliance at our office. We’re looking forward to seeing how they’ll shape the future of the banking industry!
Members of the Future Leaders Alliance Program (FLA) gathered August 8-9 at FHLBank Chicago for two days of education and networking. Session topics included FHLBank Overview & Current Public Policy Issues; Economic Update; Q1, Q2 and Forecast for Q3; Trends in Bank Tech; DEI Business Issues; FHLBank Chicago Tour; Banking and the Capital Markets. The day wrapped up with a tour of Performance Trust's trading room floor. Thank you to Federal Home Loan Bank of Chicago for hosting us and to Performance Trust Capital Partners for the tour! Busey Bank, Carrollton Bank, CBI Bank & Trust, Central Bank Illinois, Farmers State Bank of Hoffman, First Bank Chicago, First National Bank of Waterloo, FNBC Bank & Trust, Grundy Bank, Heartland Bank and Trust Company, Hometown National Bank, Illinois Bankers Association, INB, National Association, Iroquois Federal Savings & Loan Association, Republic Bank Of Chicago, Sauk Valley Bank & Trust Company, Solutions Bank, State Bank of Cherry, The First National Bank of Litchfield
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