FHLBC | Community Investment

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Other Initiatives

MPF® Endowment

The MPF® Endowment provides recoverable assistance to member financial institutions, either independently or in partnership with community-based financial intermediaries supporting small businesses, commercial enterprises, mixed-use projects, and other economic development initiatives benefiting low- and moderate-income residences and areas. The MPF Endowment offers flexible financing and repayment terms to leverage and enhance member investments in targeted lending activities.

The MPF Endowment is a pilot program with participants strategically selected based upon geographic location and a prior history of success in economic development and small business lending and programming.

For more information about the MPF Endowment, please contact a member of the FHLBC Community Investment Department.

HUD Section 184 Mortgage Program

The Federal Home Loan Bank of Chicago's (FHLB Chicago) MPF® Government product provides members with an alternative to holding mortgage loans insured or guaranteed by government agencies in portfolio. As part of this program, the FHLB Chicago invests in mortgages originated by its member institutions and guaranteed by HUD's Section 184 Indian Home Loan Guarantee Program.

Members originating HUD Section 184 Guaranteed loans may use the FHLB Chicago's competitive AHP and Downpayment Plus® programs to provide borrowers with down payment and closing cost assistance. For more information on the MPF Government program, contact your relationship manager.