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Federal Home Loan Bank of Chicago Awards $250,000 Through Its Community First® Capacity-Building Grant Program

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Federal Home Loan Bank of Chicago Awards $250,000 Through Its Community First® Capacity-Building Grant Program

PR Newswire

CHICAGO, Aug. 1, 2018 /PRNewswire/ -- The Federal Home Loan Bank of Chicago (FHLBank Chicago) is pleased to announce $250,000 was granted through its Community First® Capacity-Building Grant Program to seven nonprofit lenders in Illinois and Wisconsin. Below is a list of award recipients and the member financial institution with whom they partnered in the application process.

Recipient

Member Institution

Bridge Investment Community Development Corporation

MWABank

Community Reinvestment Fund, USA

Hinsdale Bank & Trust Company

Hmong Wisconsin Chamber of Commerce

Town Bank

Local Initiatives Support Corporation – Greater Peoria

Heartland Bank and Trust Company

Local Initiatives Support Corporation – Milwaukee

Associated Banc Corp

Regional Business Fund, Inc.

AbbyBank

TRP Lending, LLC

BMO Harris Bank, N.A.

Federal Home Loan Bank of Chicago Logo (PRNewsFoto/Federal Home Loan Bank of Chica) (PRNewsFoto/Federal Home Loan Bank of Chica)

The program is in its second year and is intended to strengthen community development in Illinois and Wisconsin. "Our communities prosper when there is opportunity for all," said Suzi Thackston, FHLBank Chicago Community Investment Officer. "We are proud to recognize and support seven nonprofit lending institutions that are committed to empowering and investing in diverse and underserved people, places, and businesses. We look forward to seeing the return on our investments in these organizations and on the expansion of resources in the communities of our members."           

Through this unique program, nonprofit lenders will use the funds to support the enhancement of management information systems, market research to expand existing programs, improving lending policies and procedures, and to support professional development of staff and boards of directors.

Recipients were evaluated based on the organization's mission, strength, strategy to increase community development lending within Illinois and Wisconsin, diversity of population served, and proposed uses for the grant funds.

About the Federal Home Loan Bank of Chicago
To learn more about the Federal Home Loan Bank of Chicago and its full range of Community Investment programs, please visit www.fhlbc.com or @FHLBC. "Community First" is a registered trademark of the Federal Home Loan Bank of Chicago.

 

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SOURCE Federal Home Loan Bank of Chicago

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