The Community First® Diverse Developer Initiative provides grant funding for career and talent development initiatives that support 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 attract new talent, provide skills training, and further their 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 Diverse Developer Initiative application round closed on May 13, 2022. Award announcements will be made in July.