FHLBank Chicago

We joined Rep. Bill Foster, the Housing Opportunity Development Corporation, McHenry County Government leaders, and local partners for a tour and roundtable discussion at Taylor Place Apartments, a workforce housing development in McHenry, Illinois. The discussion focused on the need for affordable workforce housing across the region and the role partnerships play in expanding access to safe, stable and affordable homes.

Supported by a $1 million grant from FHLBank Chicago’s Affordable Housing Program General Fund through member Crystal Lake Bank & Trust, Taylor Place shows how collaboration among affordable housing developers, financial institutions, local government and community partners can create lasting opportunities for individuals and families while enhancing economic development.

Together, we’re helping expand housing opportunities that strengthen communities and support long-term stability for residents across the region. https://bit.ly/4eUBSeT

The Federal Home Loan Bank System is committed to helping lenders invest in local needs, including housing, jobs, and economic growth. Through offerings like our Mortgage Partnership Finance Program, we can help community lenders support homeownership in the communities they serve.

Through an article shared in ICBA's Independent Banker, Patrick Sullivan, Executive Vice President, MPF Program, explores how recent federal policy actions could create new opportunities for community lenders to expand their role in mortgage lending through tailored regulation, reliable liquidity access, and partnerships that support housing affordability.

Read more: https://bit.ly/4wvnOP4

We are proud to help expand access to affordable housing in Northbrook, Illinois through a $1 million FHLBank Chicago Affordable Housing Program grant supporting Poupard Place, a new 48-unit development.

In partnership with our member Village Bank & Trust and with Housing Opportunity Development Corporation, this project will provide much-needed affordable rental homes in a community where housing demand continues to outpace supply. Read more in Chicago Business Journal:

Northbrook opens 48-unit affordable housing building with $1M grant - Chicago Business Journal A 48-unit affordable housing apartment building opened this week in Northbrook.