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Future housing development starts with understanding local needs. To advance that work, First State Bank partnered with FHLBank Chicago to assist with a housing stock survey in Mendota, Ill. as part of the Illinois Housing Development Authority’s Community Revitalization Technical Assistance Program. This initiative helps communities assess conditions and create plans that promote long-term revitalization and housing stability.
The survey documented Mendota’s residential properties, providing critical data to inform the community’s Housing Needs Assessment. These insights will guide development goals, including a proposed affordable housing project for seniors, and position the community to compete for future funding opportunities.
Employees from First State Bank joined FHLBank Chicago staff for a day of service to complete the survey, working directly in the community to collect data that supports planning efforts. The collaboration reflected First State Bank’s commitment to the communities it serves and its role as a local partner in development.
Jen Schaefer from FHLBank Chicago’s community investment team coordinated the effort, giving employees the chance to engage with residents and gain a deeper understanding of Mendota’s housing needs. “The corporate citizenship event in Mendota was a wonderful day that allowed us to build relationships with a member on a personal level and see the needs of a community we are serving firsthand,” said Schaefer.
Through initiatives like this, First State Bank and FHLBank Chicago help communities lay the groundwork for future housing development and revitalization—reinforcing the power of partnerships in addressing housing needs across the district.