The Diverse Developer Initiative provides nonprofit and for-profit organizations grant funds to support career development for diverse developers of affordable housing in FHLBank Chicago’s district of Illinois and Wisconsin. Our definition of “diverse” refers to any population experiencing inequitable, systemic barriers to entry or career development in the affordable housing industry. Through our member institutions, we offer grants to help qualifying organizations provide valuable professional opportunities to new talent and further their affordable housing mission. The target grant amount is $50,000 to $250,000 per beneficiary organization. Requests for other grant amounts will be considered on a case-by-case basis.

These grants are an opportunity for our members to establish and strengthen partnerships with organizations working in their communities that foster diversity.

The 2023 Diverse Developer Initiative application round will open Monday, June 26, and close on Friday, July 14.

Community First Diverse Developer Initiative

Application Process
Evaluation Criteria
Impact Reporting
Engagement with End Beneficiaries