CHICAGO--(BUSINESS WIRE)--The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced it has awarded over $47 million through its 2024 Affordable Housing Program (AHP) General Fund round to help finance 35 housing projects located primarily in Illinois and Wisconsin. This funding will enable the acquisition, rehabilitation and new construction of over 1,300 housing units.“Our community has taken on the vital task of reclaiming an abandoned institution. This project not only exemplifies the strength of cross-sector collaboration in realizing a community vision but also sets a bold precedent for future initiatives, restoring lost assets and creating life-changing opportunities for residents.”
“Access to affordable housing remains a top priority across Illinois and Wisconsin communities, especially as residents continue to contend with high interest rates, a deficit of housing supply, and increased construction costs. Through AHP, we are proud to support our members as they champion organizations that increase options for quality housing for all,” said Michael Ericson, President and CEO, FHLBank Chicago...
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- - Volume: 24 - WEEK: 44 Date: 10/31/2024 2:03:15 PM -