Community First April 2023 Newsletter
New Security Authentication
FHLBank Chicago is migrating to a new security authentication platform to modernize how users access our systems, heighten safety and security and enhance ease of use.
These changes will affect users of AHP and DPP Online. Find out more information about the changes here.
THIS REGISTRATION PROCESS MUST BE COMPLETED IN ORDER TO ACCESS AHP ONLINE AFTER APRIL 14, 2023.
To complete registration, you must download and install Microsoft Authenticator application to your mobile device and register your Microsoft Authenticator on your Computer. Find step-by-step instructions here and additional information for AHP Sponsors in the Guide for Sponsor Applicants.
Please contact MemberSupport@fhlbc.com or 855-345-2244, Option 6 with further questions.
Affordable Housing Program General Fund Competitive Round Opens May 1, 2023
FHLBank Chicago has allocated over $33M to its 2023 Affordable Housing Program (AHP) General Fund. Applications will be accepted beginning Monday, May 1, 2023 through 5:00 p.m. CT on Friday, June 9, 2023.
FHLBank Chicago has published recorded webinars on the 2023 AHP General Fund. These webinars are organized by topic, including: 1) Overview and Eligibility; 2) Feasibility; 3) Scoring; 4) Post-Award Compliance; 5) Key Changes for 2023; and 6) Guide Against Common Mistakes.
The Guide for Sponsor Applicants for Rental and Owner-Occupied Projects, the Guide for Member Applicants, and the application exhibits have been updated for 2023 and posted to our AHP Program Policy and Forms webpage. Potential applicants are encouraged to review these resources.
Please call Community Investment at 312-565-5824 or email ci@fhlbc.com with requests for technical assistance.
Community Support Program – Statement Submission Begins
To maintain access to FHLBank long-term credit and Community Investment products, FHLBank members are required to submit a Community Support Statement (CSS) to the Federal Housing Finance Agency (FHFA) every two years to document their Community Reinvestment Act (CRA) performance and record of lending to first-time homebuyers.
The 2023 Community Support Program (CSP) opened on April 3, 2023. Members subject to Community Support review must submit a CSS by October 31, 2023, using the online CSP system. More information on Community Support review, including a list of members subject to review, can be found on our Community Support Program webpage. Please contact us at CommunitySupportProgram@fhlbc.com with any questions.
AHP Guide for Project Management Updated
The AHP Guide for Project Management has been updated. New for 2023, there is now a separate Guide for Project Management for Rental Projects and Owner-Occupied Projects for an easier user experience. Members and sponsors with AHP General Fund projects should review the guide for direction on semi-annual progress reporting, extensions, disbursements, and making updates in AHP Online.
Upcoming Events
April 6 | 2023 Affordable Housing Program (AHP) Webinar for Experienced Users – Register here.
April 26 | FHLBank Chicago Affordable Housing Program (AHP) Updates – Register here.
June 1 | 2023 Illinois Housing Council Summer Mixer – Register here.