To maintain access to the Federal Home Loan Bank of Chicago's (FHLBank Chicago) long-term credit and Community Investment products, our members are required to submit a Community Support Statement (CSS) to the Federal Housing Finance Agency (FHFA) every two years (in odd-numbered years) to document their federal Community Reinvestment Act (CRA) performance and record of lending to first-time homebuyers. FHLBank Chicago Community Investment will provide written notice to members subject to Community Support Program (CSP) review, including instructions for completing the CSS form, prior to the start of the biennial review cycle. The current CSP review schedule is available under Resources.
Nonprofit organizations, community groups, and other interested parties may comment on a FHLBank member’s record. Public comments on individual FHLBank members should be submitted to the FHFA via email to firstname.lastname@example.org. A list of members currently under CSP review and the current CSP review schedule are available under Resources.
Failure to Meet CSS Requirements
If a member does not submit a CSS or fails to meet the CSP requirements, the FHFA requires the FHLBank Chicago to restrict the member's access to our services and products. Once access is restricted, the member cannot borrow advances for longer than one year or access any of the Community Investment programs, including the competitive Affordable Housing Program, Downpayment Plus® programs, or Community Advances. The restriction can be lifted by submission of a CSS that meets the FHFA requirements.
Questions related to CSP can be directed to FHLBank Chicago Community Investment at 312-565-5824 or CommunitySupportProgram@fhlbc.com.