FHLBank Chicago Awards Funds to Diverse Developers Through Diverse Developer Grant Program
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is awarding nearly $1 million of a $3 million commitment to increase the numbers and knowledge base of emerging diverse developers in Illinois and Wisconsin. Through the Community First® Diverse Developer Initiative, eight organizations will receive funds to support compensation for internships and fellowships, skills training for emerging developers, and support organizations with the long range mission to expand
the pipeline of diverse developers in Illinois and Wisconsin.
This year, FHLBank Chicago received 32 applications from 14 different member institutions. We are excited to announce the following grant recipients:
| Organization | Member Name | Use of Funds |
|---|---|---|
| AHDVS, LLC | Cinnaire Lending Corporation | Fellowships/Internships Training, Mission Driven Investments |
Community First MKE | Cinnaire Lending Corporation | Fellowships/Internships, Mission Driven Investments |
| DL3 Realty Advisors, LLC | Chicago Community Loan Fund | Fellowships/Internships Training, Mission Driven Investments |
Housing Opportunity Development Corp. | Northbrook Bank & Trust Company, N.A. | Internships and Fellowships |
| KG Development Group | BMO Harris Bank N.A. | Training, Mission Driven Investments |
King Solutions LLC | Bay Bank | Mission Driven Investment |
| Madison Development Corporation | Monona Bank | Mission Driven Investment |
Rule Enterprises | Cinnaire Lending Corporation | Mission Driven Investment |
For questions or more information, please contact our Community Investment team at ci@fhlbc.com or 312.565.5824.