Grant Programs to Help CDFIs Help Communities
The FHLB Chicago provides financing and direct funding tools to support affordable housing and local community lending initiatives of our members. By using our products individually or in combination, our members and their community partners can contribute to the quality of life in the communities they serve.
As a lender of low-cost, short- and long-term funding, FHLB Chicago offers community development financial institutions products with maturities ranging from one day to 30 years at competitive rates. These products take the form of fixed and adjustable rate loans, known as “advances,” standby letters of credit, and off-balance sheet instruments.