Federal Home Loan Bank of Chicago Announces $125,000 in Financial Assistance for Flood-Hit Communities in Wisconsin

  • March 12, 2018
For Immediate Release

Contact: Stephanie Roon, 312-552-2777, sroon@fhlbc.com 

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is providing up to $125,000 in financial assistance for Wisconsin communities affected by the severe storms, flooding, and mudslides that occurred in July 2017. Through its Community First® Disaster Relief Program, participating FHLBank Chicago local member financial institutions are offering $5,000 grants to eligible households and businesses within the Federal Emergency Management Agency (FEMA)–declared disaster area (FEMA disaster declaration DR-4343), which includes Buffalo, Crawford, Grant, Iowa, Jackson, La Crosse, Lafayette, Monroe, Richland, Trempealeau, and Vernon counties.

“In times of disaster, communities rally around those in need,” said FHLBank Chicago President and CEO Matt Feldman. “Local financial institutions, in particular, play a crucial role in rebuilding efforts. Through our Community First Disaster Relief Program, we have the opportunity to stand with our members as they show their support for Wisconsin homeowners and businesses that have sustained damages.”

Funds are available on a first-come, first-served basis beginning today, March 12, 2018; the 60 day available application period concludes on May 11, 2018. Prospective applicants should contact an FHLBank Chicago member financial institution in their area to find out if they qualify for assistance. A list of member banks, credit unions, community development financial institutions, and insurance companies is available on fhlbc.com under Membership.

The Community First Disaster Relief Program was created in response to tornados and severe storms that devastated many Illinois counties in November 2013, and to serve as a blueprint for responses to future FEMA-declared disasters across Illinois and Wisconsin. Since then, the program has provided assistance to central and northern Wisconsin communities rebuilding from storms and flooding that occurred in 2016. Program details are available on fhlbc.com under Community Investment.

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

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