Community First December 2023 Newsletter

  • December 5, 2023

Movin’ Out and IFF Leverage Affordable Housing Program to Build The André Apartments 

We were honored to attend the grand opening of The André Apartments in Madison, Wisconsin, this fall, alongside our member IFF and partners Movin' Out, Inc., and Wisconsin Housing and Economic Development Authority (WHEDA). This incredible 70,000-square-foot property, which received funding through our Affordable Housing Program (AHP), features 32 affordable housing units, with nine specifically designated for residents with disabilities.

The ground floor of this property features an Early Childhood Education (ECE) center operated by Red Caboose. With the new facility, Red Caboose has been able to triple its enrollment and offer more comprehensive programming. The ECE center includes flexible community rooms, a commercial kitchen, multiple classrooms, and a nature-based playground.

View our video below to hear from leaders of Movin' Out on the importance of accessible housing and how the André Apartments has positively impacted the life of resident Steven Salmon, an author with disabilities.


Affordable Housing Program Funding Doubling in 2024

FHLBank Chicago announced it is doubling its available funds for the 2024 Affordable Housing Program (AHP) General Fund from $1 million in grants to $2 million. Additionally, per unit subsidy grants are also doubling from $25,000 to $50,000. FHLBank Chicago is thrilled to provide additional funding towards affordable housing in our district.  For more details, read the announcement.


    Over $33.2 Million Awarded Through 2023 Affordable Housing Program General Fund

    FHLBank Chicago announced that it has awarded over $33.2 million in grants through the 2023 Affordable Housing Program (AHP) General Fund. Forty-four awards were made to support the new construction, acquisition, and/or rehabilitation of over 1,900 housing units. For more details, read our announcement and view our video for additional insight into how the funds will impact communities in our district.


    Share Your Community Impact Story

    Every day throughout communities in Illinois and Wisconsin, we make a positive and lasting impact together with our member financial institutions and partnering organizations. At FHLBank Chicago, we want to showcase our District's stories of innovation, adaptability, and resilience serving these communities. Stories like this may include:

    • Community partnership
    • Community development
    • Affordable housing support
    • Small business successes
    • Diversity, equity, and inclusion
    • Economic development in your communities

    Visit to find inspiration and to Tell Your Story .


    Introducing the 2024 Community Investment Advisory Council

    FHLBank Chicago’s Board of Directors recently re-appointed five members to the Community Investment Advisory Council. Learn more about our entire Advisory Council. We are excited to continue our work with these affordable housing and community lending leaders!


    Upcoming Events

    December 5 | 2024 FHLBank Chicago Downpayment Plus Program Overview Webinar | 11 a.m. – noon | Registration 

    December 7 | Interfaith Housing Development Corporation Annual Holiday Breakfast | Chicago Cultural Center

    December 13 | 2024 FHLBank Chicago Downpayment Plus Program Overview Webinar | 10 – 11 a.m. | Registration

    January 10 | 2024 FHLBank Chicago Downpayment Plus Program Overview Webinar | 11 a.m. – noon | Registration

    Contact Us

    Please direct all media inquiries to:

    Casey Reidy 
    Director, Communications

    Heather Bockstruck
    Assistant Director, Communications