The Community Investment Group of the Federal Home Loan Bank of Chicago (FHLB Chicago) provides financing and direct funding tools
that support the affordable housing and local community lending initiatives of our members. By using our products individually or in combination, our members and their community
partners can create economically competitive solutions that contribute to the quality of life in the communities they serve.
Grant Programs
Affordable Housing Program (AHP) The AHP provides grants to member financial institutions working with affordable housing providers to finance rental and ownership housing for low- and moderate-income households. Learn more...
Downpayment Plus® Program (DPP®) The FHLB Chicago DPP® Program provides grants to very low, low and moderate income home buyers to assist them with down payment and closing costs. Learn more...
Credit Programs
Advances Provide discounted advances and standby letters of credit to member financial institutions
to finance affordable housing and to help develop and revitalize communities. Learn more ...
Letters of Credit The CEDA Program provides discounted advances and standby letters of credit to members for community economic development projects.
Learn more ...
Other Initiatives
Section 184 Mortgage Program The FHLB Chicago purchases mortgages originated by its member financial institutions under
the HUD Section 184 Loan Guarantee Program. Learn more ...
MPF® Endowment The MPF Endowment has been implemented as a pilot program. The program functions as a flexible source of funding to support members' community lending initiatives. Learn more ...
Grant Programs
